The company signed the funding agreement to get the EUR46.6 million state aid on December 4 last year, Finance Ministry website data show, detailing the progress of the implementation of the projects approved under the state aid scheme introduced by Government Decision No. 300/2024.
The plant will be on the Chimcomplex Borzesti site, the company officials said. The investment will create 123 new jobs, public data show.
Polyepoxides or epoxy resins are used in the automotive industry, in adhesives, paints, electronic and electric components and other industries.
(English version by Loredana Fratila-Cristescu)