US group Federal Mogul will invest over USD 20 million in its friction pads factory in Ploiesti, Romania, taken over this year from Honeywell, reports local Wall-street.ro.

The investments in Ploiesti will target two new production lines, one that will start production in 2015, and another one that will become operational in 2016.

The plant currently operates two production lines. The third one will be intended for personal vehicles, while the fourth one will be for commercial vehicles.

Federal Mogul employs 270 people at its factory in Ploiesti and plans to increase the number to 340 by end-2015, according to Nevill Rudd, vicepresident within Federal Mogul.

Irina Popescu, irina.popescu@romania-insider.com