The financing granted to Teknia will be used for an ample program of research, development and innovation across several European countries, including Romania.
The project envisages the modernization of manufacturing processes, and the digitalization and transition to cleaner technologies in the mobility industry. It also targets the implementation of projects at the company’s factories across six countries, such as Spain, Poland, Romania, Germany, Sweden and Czechia. In Romania, the Group operates through Teknia Oradea, which produces components for vehicle safety systems, with a portfolio intended for the world’s large automakers.
The investment will specifically target the application of advanced manufacturing technologies, product diversification, and the reduction of carbon emissions. This initiative is also supported by InvestEU, an EU program designed to mobilize over EUR372 billion in investments by 2027.
“This important loan will allow us to keep growing during these challenging times in the automotive sector and focus even more in innovation to manufacture the mobility of the future in our plants in the most sustainable way, decreasing the carbon footprint of the group,” said Teknia CEO, Javier Quesada de Luis.
Teknia operates in 13 countries with 23 plants and over 3,500 employees, serving leading vehicle manufacturers and Tier-1 suppliers globally.