Cummins, the largest independent diesel engine manufacturer in the world, wants to relocate its entire production from the UK to Dolj county, in Southern Romania.
Brexit is the reason for the transfer, Craiova mayor Mihail Genoiu said, reports local Profit.ro. The company has notified the Craiova City Hall about its intentions.
Cummins already has a subsidiary in Craiova, the same city where American carmaker Ford has its local factory. The group’s local subsidiary Cummins Generator Technologies Romania has 577 employees. It recorded a turnover of RON 303.9 million (EUR 66.2 million) last year. Its net profit reached RON 39.1 million (EUR 8.5 million).
The subsidiary was set up as a joint venture between AvK and Electroputere Craiova.
Cummins is registered in the US and was created through the merger between the German company AvK and the British firm Newage (Northern Electric Wireless and General Engineering Company). The group has some 55,000 employees worldwide.
(photo source: Cummins Inc on Facebook)