thyssenkrupp invests 60 million euros on industrialization of new damper technology

thyssenkrupp invests 60 million euros on industrialization of new damper technology

(PRESS RELEASE) ESSEN, 25-Jun-2019 — /EuropaWire/ — thyssenkrupp opened a new automotive components plant in Sibiu, Romania which will produce dampers for customers including Daimler, Jaguar Land Rover and Porsche. thyssenkrupp invested around 60 million euros to build the new damper site.

“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 industrializing an entirely new generation of dampers for highly automated intelligent chassis systems,” commented Dr. Karsten Kroos, CEO of thyssenkrupp’s automotive division.

Active dampers of this kind provide an extremely smooth and comfortable driving experience by responding proactively to counter the forces acting on the chassis.

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

thyssenkrupp is one of the best-established manufacturers of damper systems. The company produces and markets chassis components under the Bilstein brand at eight locations in Europe, the USA and China. The damper business is part of thyssenkrupp’s components division, which produces high-tech components for the automotive and machinery sectors with over 34,000 employees worldwide. Its Components Technology business area achieved sales of around 7.9 billion euros in fiscal year 2017/2018.

Media contact:

Konrad Boecker
Components Technology Head of Communications and Press Office
Telephone: +49 201 844 553084
Cell phone: +49 173 8982102

SOURCE: thyssenkrupp AG