Romania's OPCOM electricity spot volumes - Dec 10, 2023
Romania's OPCOM electricity spot prices - Dec 10, 2023
Croatia power consumption - Dec 08, 2023
Serbia power consumption - Dec 08, 2023
Bulgaria power consumption - Dec 08, 2023
Nov 17, 2017 14:14 EEST
November 17 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Friday it is providing a 25 million euro ($29.5 million) loan to Alu Menziken, a Romanian subsidiary of the Swiss-based industrial group Montana Tech Components, which is expanding production in the country.
The EBRD’s funds will finance the construction of a new resource-efficient plant by Romania-registered Alu Menziken, which manufactures aluminium profiles and tubes, and complex extrusion-press products, the bank said in a statement.
"This new investment is part of the EBRD’s efforts to drive job-generating foreign direct investment in Romania and enhance the competitiveness of companies shaping local industries and the workforce," Matteo Patrone, EBRD Director, Regional Head of Romania and Bulgaria, said.
The new facility, amounting to a total of 44 million euro will help the company meet ever-growing demand from its clients, predominantly in the automotive sector.
($ = 0.8476 euro)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options