Thyssenkrupp says it has opened a new automotive components plant in Sibiu, Romania. The new site in Sibiu will produce dampers for customers including Daimler, Jaguar Land Rover and Porsche. The company built the new damper plant at a cost of around EUR60m (US$68m).

Dr Karsten Kroos, CEO of Thyssenkrupp’s automotive division: “This is an investment not only in the targeted expansion of our European production network but also in newly obtained customer projects and new technologies. In Sibiu, we will manufacture dampers to the highest technical standards for installation in our customers’ premium models. At the same time, we are in the process of industrialising an entirely new generation of dampers for highly automated intelligent chassis systems.”

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Active dampers of this kind no longer simply react to driving situations and road surfaces, they respond proactively to counter the forces acting on the chassis and provide an extremely smooth and comfortable driving experience.

Thyssenkrupp has been producing dampers in Sibiu since 1996. The new plant is an extension to the existing production site. The company produces both components and complete damper systems for automotive OEMs and aftermarket suppliers. Thyssenkrupp’s investment has created more than 350 new jobs at the Sibiu location, which now employs around 1,000 people.

Thyssenkrupp is one of the best-established manufacturers of damper systems. Under the Bilstein brand, the company produces and markets these chassis components at eight locations in Europe, the US and China. The damper business is part of the Group’s components division, which produces high-tech components for the automotive and machinery sectors with over 34,000 employees worldwide. In fiscal year 2017/2018, the Components Technology business area achieved sales of around EUR7.9bn.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.