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Bucharest
May 17, 2021
BUSINESS

EBRD is boosting Romania’s presence in the global aerospace industry

The EBRD is boosting Romania’s presence in the global aerospace industry with a loan of EUR 25 million to the Romanian Universal Alloy Corporation Europe SRL (UACE) that will concentrate a significant part of the group’s production of metal aircraft components within Romania, a press release informs. The EBRD funding will be used to support the development of the machined parts business, surface treatment and assembly operations in Dumbravita in the north of Romania. UACE will be able to provide aircraft manufacturers, such as Airbus/EADS, Alenia and Boeing, with locally produced metal structure parts, as opposed to shipping unpro­cessed components to third-party machinists in Europe. UACE is part of the aerospace division of the Swiss-Austrian industrial group Montana Tech Components AG, one of the world’s four major producers of metal aerospace parts.

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