about us | newsletter | contact | archive | members area
SERGIU OPRESCU, ARB
The bank must analyse each loan and make early provisioning at the beginning of the loan»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Sonaca to make Airbus parts in Romania following 11.5 million Euro investment

Belgian aerospace company Sonaca has opened in western Romania county Cluj a new plant that will manufacture parts for Airbus A320 aircraft, following a 52 million RON (11.5 million Euro) investment that will create over 200 jobs in the next years

2017-04-03 00:45:56 - From the Print Edition

The company received 24.1 million RON (5.3 million Euro) in state aid for this investment. The first production lines at the plant in Moldovenesti became operational in September 2016.

Alexandru Petrescu, the minister for business environment, trade and entrepreneurship, said during the official launch of the plant that Sonaca did not come to Romania for the cheap labour force.
"Sonaca has proven that it came to Romania because we have quality education in Cluj, because we offer investors stability and predictability, because we are close to the European market, thus proving that they didn't come here for the cheap labour market," said the minister, according to news.ro.

Sonaca Group is a global Belgian company active in the development, manufacturing, and assembly of advanced structures for civil, military, and space markets. The group is especially known for its wing movables expertise where it is regarded as the world leader serving most of the primes and with a market share of over 50 per cent. It has production facilities in China, Europe, North-America, and South-America and employs over 2500 people including 350 engineers.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1194 Views
Daily Info
Three Romanian architecture offices merge into CUMULUS

PZP, SYAA and ARXTUDIO offices have merged into CUMULUS, in one of the rare transaction on the Romanian architecture sector. The new company has a combined turnover of over on...

Eberspaecher forecasts slight increase in revenue for 2017

The German automotive supplier Eberspaecher forecasts sustained positive income development with a slight increase in revenue for 2017, a press release shows.

Liberty Center reached 70 per cent occupancy rate in the last six months

The occupancy rate in Liberty Center Shopping Mall reached a level higher than 70 per cent in the last six months, after attracting new tenants for 18 per cent of the shopping...

Land transactions volume reached record high last year in Bucharest, says C&W Echinox

Last year, in Bucharest the total land area transacted was of 110 ha, the highest volume recorded in the last ten years, according to C&W Echinox. In terms of value, land tran...

Teraplast appoints Mirela Pop as new CEO

Teraplast Group, the largest PVC processor in Romania and one of the leading manufacturers of materials for construction and installation market, is having starting with May 9...

 
 
   
advertising

advertising

advertising

advertising

More on News
Iohannis: I explained to EU leaders multi-speed Europe is not a good solution, could end in split-up

President Klaus Iohannis, speaking after the European Council's meeting, said that he explained to EU leaders that a multi-speed Europe is not a good solution and that in e...

1 Comment

BRUA pipeline to operate in 2020 when Exxon, Petrom will extract Black Sea gas

The works at the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline will start at the end of 2017, and the gas pipeline will become operational in 2020, when ExxonMobil...

Ninety-seven per cent of household waste ends up in landfills, says ARBIO

As much as 97 per cent of Romania's household waste ends up in landfills, and Romania could be fined starting in 2020 about 500,000 Euro per day if it fails to bring the nu...

Net investment in national economy, down 3.3 per cent in 2016

Net investment carried out last year in Romania's national economy stood at 70.281 billion RON (15.6 billion Euro, declining 3.3 per cent from 2015, according to data relea...

Commercial property investments in Romania exceeded 850 million Euro last year, says DTZ

In 2016, the total volume invested in commercial property in Romania exceeded 850 million Euro, a DTZ Echinox report shows. Bucharest attracted 660 million Euro, which repr...

Romania has significant potential in agriculture, but low productivity, says PwC Romania

Romania is one of the European countries with the highest potential in agriculture with the sixth biggest agricultural use area in the EU, but it has a low productivity due...

PM Grindeanu in Brussels: Policies on cohesion funds, common agricultural policies important to Romania

The policies regarding the cohesion funds and the common agricultural policies are important to Romania, Prime Minister Sorin Grindeanu said in Brussels, in talks with seve...