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Articles - industry investments

Faurecia opens in Ramnicu Valcea seat covers factory after EUR 12 mln investment

Faurecia opened in Ramnicu Valcea a plant for automotive seat covers that is expected to equip with upholsteries 280,000 cars in 2016 only. The factory, representing an EUR 12 million investment, became the company’s fourth in Romania, alongside those in Talmaciu (Automotive Seating, covers), Craiova (Emissions Control Technologies) and Pitesti (Interior Systems).

GreenFiber International to invest EUR 35 million in third production unit of synthetic fiber

GreenFiber International, part of the recycling group Green Group, will invest EUR 35 million in its third production unit of synthetic fiber made 100 percent from recycled material.

De’Longhi plans new EUR 53 million investment in Jucu, Cluj

The investment project of Italian company De’Longhi, with a total value of EUR 53 million, is among the 30 projects rejected by the Government for state aids.

Airbus Helicopters opens EUR 52 mln plant in Brasov area for H215 model

Airbus Helicopters, part of the Airbus Group, the commercial aircraft producer, opened on September 13 its first production unit for the H215 helicopter in Ghimbav, near Brasov.

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.

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