Daimler gearbox factory in Romania reaches EUR 1.6 bln turnover

Star Assembly, the company that operates German group Daimler’s gearbox factory in Sebes, central Romania, recorded a turnover of RON 7.3 billion (EUR 1.6 billion) last year, up almost fivefold compared to 2016, according to Romania-Insider.com.

The company’s net profit went up almost fivefold as well, reaching EUR 54 million, according to data from the Finance Ministry, cited by local Ziarul Financiar.

The number of employees increased from 1,200 in 2016 to over 1,800 last year.

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