Additional finance for the project will be ensured from the company’s own resources.
The project aims to upgrade production units in Dumbravita, Maramures county, to increase the efficiency of operations and the added value output, EBRD said in a statement.
UACE is part of the aerospace division of Swiss group Montana Tech Components, which also owns Universal Alloy Corporation in the United States.
The EBRD Board will make a decision regarding the investment on July 24.