The Timken Company (NYSE: TKR), North Canton, OH, plans to build a new bearing plant near Ploiesti, Romania.
The facility, which will be the company's second in Romania, will serve global demand for the company's tapered roller bearings. Initially, the facility will be operated by 120 associates.
"The new facility strengthens our footprint in Europe and further equips us to meet customer needs with our market-leading quality and service levels," said Christopher A. Coughlin, executive vice president and group president for Timken.