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The European Bank for Reconstruction and Development (EBRD) is boosting Romania’s fast-growing manufacturing sector with a US$ 8.5 million loan to Sonaca as the aerospace company expands its facility for aircraft wing components in Romania.
With the EBRD funding, the firm will build a plant in north-western Romania to produce wing components for leading aircraft manufacturers Airbus and Embraer. The new plant is due for completion within two years.Sonaca is active in the development, manufacturing and assembly of advanced structures for large aircraft. It is known for producing movable wing parts and serves enterprises such as Airbus, Embraer, Dassault Aviation, Bombardier and Gulfstream.Sonaca is headquartered in Belgium, with production facilities in Belgium, Brazil, Canada, China and Romania, and employs over 2,500 people worldwide including 350 engineers.The company’s Romanian plant will be located some 30 km away from Cluj-Napoca, the second most populous city in the country and its largest university centre, with access to highly skilled labour. Sonaca is committed to training local employees, contributing to an important transfer of skills, knowledge and environmental expertise.The investment is part of the EBRD’s efforts to enhance the competitiveness of Romania’s private sector and drive job-generating foreign direct investment in the country.The EBRD is a leading institutional investor in Romania. The Bank has invested over €7 billion in the country to date and also mobilised more than €14 billion from other sources of financing.More information: www.sonaca.com - www.ebrd.com