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Articles - industry investments

Romanian aluminum producer invests EUR 26 mln in research

Alro Slatina, one of the largest aluminum producers in Europe, will get a non-reimbursable funding of some EUR 8 million to finance a big research project.

EBRD lends EUR 25 mln to aircraft parts producer

The European Bank for Reconstruction and Development (EBRD) has awarded a EUR 25 million loan to Universal Alloy Corporation Europe (UACE), which specializes in producing aluminum parts producer for the aircraft industry.

German company gives up investment in a factory in Târgu Jiu

Auto parts manufacturer EKR-Elektrokontakt România, part of German group Nexans, with 2,500 employees in Romania, gave up an investment of nearly EUR 18 million in a factory in Târgu-Jiu, Gorj county, a project which should have created more than 800 jobs.

Six companies selected to grant them state aid for new investment projects

Romania’s Finance Ministry has selected six companies out of 36 applicants to grant them state aid for new investment projects that would positively impact the local economy.

Karcher brought EUR 4 million for its factory in Curtea de Argeş. The investment reached EUR 25 million

German group Karcher has increased in July the capital of its company CER Cleaning Equipment with nearly EUR 4 million, according to data from the Trade Registry. This company is operating the construction of the vacuum cleaner factory developed by the Germans in Curtea de Argeş.

Ford to make new car model at Craiova plant under updated deal with state

The American cars producer Ford has planned EUR 130 million in additional investments at the Craiova plant, where it will produce a new car model, and the Public Finance Ministry (MFP) will extend the production period target until 2025, according to a release of the Ministry.

Romanian PVC maker Teraplast submits request for state aid worth RON 65.6 mln

The PVC producer Teraplast aims to expand its capacities, therefore it requested a state aid worth RON 65 million to invest in its production capacities. The amount will be used to acquire machineries and for production halls building.

Daimler invested EUR 13 million in a new production facility in Romania

Star Transmission, the local division of Daimler group, completed EUR 13 million investment in a new production facility within the company’s factory in Cugir, Alba county.

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