MG TEC Industry general manager told Ziarul Financiar daily that the main countries in Europe where the company sells its products are Ukraine, Serbia, Hungary, Czech Republic, Poland, Austria, Germany, Switzerland and Slovenia.
The MG TEC Industry factory is a project started in 2018 and the value of investments stands at EUR100 million, in line with company data.
A part of the amount, EUR48 million, is a loan from state-run lender CEC Bank and another part, EUR32 million, represents state aid.
MG TEC Industry currently has 260 employees, but the investment is 70% achieved, therefore, new production lines are to be installed at the factory.