Garanti BBVA grants a EUR 10.7 million loan to UKS Stamping to build a plant in Pitești

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Garanti BBVA has granted UKS Stamping, a subsidiary of the Ucler Kelepce group, a EUR 10.7 million investment loan to support the development of an automotive parts and accessories plant in Pitesti.

UKS Stamping is set to inaugurate its plant in Romania this year, in Pitești, encompassing an expansive area of 4,800 square meters and staffed by approximately 80 skilled professionals. Within the Romanian facility, UKS Stamping will manufacture a range of products, including car seats and body components.

We are thrilled to offer financial backing to UKS Stamping as they embark on establishing a production facility in Romania. At Garanti BBVA, our mission extends far beyond the realm of traditional financial services. For 25 years, we have remained steadfast in our commitment to catalyzing the economic growth of our nation. Through this investment loan, we reiterate our dedication to supporting endeavors that make substantial contributions to the country’s economic landscape. The automotive components sector plays a pivotal role in Romania’s economy, fostering job creation, spurring innovation, and bolstering the country`s progress. Romania, indeed, brims with immense potential, and we firmly believe that by endorsing projects like this manufacturing plant, we are actively nurturing and unlocking that potential,” stated by Bilge Demirer,  Garanti BBVA Deputy General Manager

Garanti BBVA consistently supports major investments that lead to progress in key areas of the Romanian economy recognizing that strategic investments create jobs and stimulate economic growth.

The parent company of UKS Stamping, Ucler Kelepce, also operates two other Turkish companies in the city of Bursa, which were inaugurated in 2008 and 2019 and have a combined workforce of about 250 people. Notably, the company serves renowned clients such as Adient, Toyotetsu, Toyota Bashoku, Hydac, and Stellantis.

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