You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

FACC to invest 33 mln euro in airplane parts plant in Croatia - report

FACC to invest 33 mln euro in airplane parts plant in Croatia - report License: Creative Commons 1.0 Universal

ZAGREB (Croatia), May 29 (SeeNews) - Austria-headquartered manufacturer of aircraft components and systems FACC will build a 33 million euro ($36.8 million) plant for production of airplane interior parts near Zagreb, Croatian media reported on Wednesday. 

The construction of the plant in Jakovlje should be completed by the end of 2020, with the launch of production planned for 2021, daily newspaper Vecernji List reported.

The company has purchased 13 hectares of land in Jakovlje's industrial zone and is seeking a building permit. The plant will produce parts for aircraft and engine manufacturers such as Airbus, Boeing, Bombardier and Rolls-Royce, employing 600 people.

According to Vecernji List, FACC CEO Robert Machtlinger and the CEO of Chinese state-owned AVIC Cabin Systems, which owns 55.5% of FACC, will meet on Wednesday with Croatia's prime minister Andrej Plenkovic, economy minister Darko Horvat and secretary of state Zdenko Lucic to discuss details of the implementation of the project. 

FACC employs some 3,400 workers from 38 countries at 13 sites around the world. 

AVIC is a state-owned company and is one of the ten biggest Chinese industrial corporations. In 2016, it employed some 450,000 people. 

($ = 0.896549 euro)

Compare