The investor will receive RON88 million state aid for the investment, according to the Finance Ministry, which says the manufacturer has to create 244 jobs. The state aid was approved in December.
Montana Tech entered Romania with a plant that makes aluminum parts for the aeronautics industry in Dombrovita (Maramures, also northern Romania) via Universal Alloy Corporation. The revenue of the plant in Maramures stood at RON203 million in 2015, while the net profit reached RON36 million and the number of employees 840, according to the Finance Ministry data.
Satu Mare ranks 20th among Romania’s counties by revenue reported by companies in 2015, RON14.4 billion.
(English version by Loredana Fratila-Cristescu)