BUSINESSCOMPANIESINVESTMENTS

Swiss-based Alu Menziken to invest in a new resource-efficient plant in Romania

By Anca Bernovici
0

Get real time updates directly on you device, subscribe now.

Alu Menziken, part of Swiss-based industrial group Montana Tech Components AG, borrows EUR 25 million from European Bank for Reconstruction and Development (EBRD) for the construction of a new resource-efficient plant in north-western Romania, which manufactures aluminium profiles and tubes, and complex extrusion-press products. 

According to a press release, the new EUR 44 million facility in Mediesu Aurit will help the company meet ever-growing demand from its clients, predominantly in the automotive sector.

The company also received a state aid of EUR 20 million for this project.

Montana Tech Components AG and its subsidiaries are committed to training local staff, bringing the latest skills and know-how to Romania. Alu Menziken will partner with local universities and vocational schools to offer more employment and training opportunities to local engineers.

“This new investment is part of the EBRD’s efforts to drive job-generating foreign direct investment in Romania and enhance the competitiveness of companies shaping local industries and the workforce. The continuous increase in investment by Montana Tech Components AG proves that Romania is successfully building its brand as a favourable investment destination, in particular in the manufacturing sector. The EBRD is proud to be part of these efforts,” Matteo Patrone, EBRD Director, Regional Head of Romania and Bulgaria, said.

EBRD has previously financed its Maramures-based subsidiary Universal Alloy Corporation Europe (UACE), which produces aluminium parts for aircraft and supplies components to leading aircraft manufacturers such as Airbus, Boeing, Bombardier and Premium AEROTEC.

 

- Advertisement -

Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

You might also like More from author
Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More