The project, which will create at least 400 new jobs, was presented Friday to Prime Minister Emil Boc.
The Arctic plant in Gaesti has 2,475 employees.
In 2010, Arctic invested a total EUR6.5 million in the plant.
Romanian household appliance maker Arctic, owned by Turkish group Arcelik, will build a new production line, which would boost exports, the Romanian government said Friday in a news release.