UK-based Parker Hannifin Manufacturing takes Romania into account as possible destination for expanding its worldwide production lines for manufacturing hydraulic cylinders, a press release of Ministry of Economy reads, according to TheDiplomat.ro.
According to the official statement of Ministry of Economy, „the company board plans to build a new production line for manufacturing hydraulic cylinders in one of the EU countries and to move the headquarter of its European division in the new location. Romania might be a possible destination. The preliminary analysis conducted by the company targets Cluj-Napoca as a possible location for this endeavour.”
Founded in 1918, Parker Hannifin Corporation is a USD 13 billion, global company. With annual sales exceeding USD 13 billion in fiscal year 2013, Parker Hannifin is the world′s leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 58,000 people in 49 countries around the world.
