The state aid approved reaches RON1.09 billion and the investments in manufacturing target 16 counties: Arges, Bihor, Brasov, Bistrita-Nasaud, Constanta, Cluj, Harghita, Iasi, Ialomita, Ilfov, Maramures, Prahova, Sibiu, Suceava, Timis and Valcea, respectively.
The largest state aid, worth RON174 million, was approved for Universal Alloy Corporation Europe (UACE), a producer of aluminium components for the aerospace industry, a division of Swiss-Austrian industrial group Montana Tech Components. UACE supplies components to leading aircraft manufacturers such as Airbus, Boeing, Bombardier and Premium Aerotech, according to previous data. The company will use the state aid for a RON526 million investment project that will create 661 jobs in the county of Maramures, in the town of Tautii Magherus.
Universal Alloy Corporation Europe, Alu Menziken and Varta Microbattery, three companies that are part of the industrial group Montana Tech Components, received state aid of EUR64 million over the past two years, for investments in Romania, according to a ZF analysis based on Finance Ministry data.
Carmaker Automobile Dacia, the largest company in Romania by turnover, will, receive state aid of RON115 million for an investment project worth RON453 million, in Mioveni, which will create 300 new jobs. The state aid granted to Automobile Dacia is the third largest among the 28 government-backed projects. The largest amounts granted as state aid went to Universal Alloy Corporation Europe and the MG Tec Industry factory inDej.
MG TEC Industry, established in 2018 by entrepreneur Vasile Hasmasan, also signed an agreement with CEC Bank for a loan of nearly EUR48 million that will be used to fund the construction from scratch of a factory manufacturing tampons and mass consumption hygiene products, in the town of Dej (Cluj County). The total investment in the factory amounts to RON370 million (EUR80 million), of which nearly RON150 million (EUR32 million) represent state aid.