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.

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.

The company completed a EUR 300 million investment at the Sebes factory in 2016 and started producing the 9G-Tronic automatic gearboxes for Mercedes-Benz cars there.

editor@romania-insider.com