The car tire factory in Oradea, developed by Nokian Tyres, will benefit from a state aid of almost 100 million euros, according to a decision approved during Thursday's Government meeting.
The state aid will be given in the form of a grant, according to government spokesman Mihai Constantin, as he told a press conference at the Victoria Palace. The investment in Oradea totals over 625 million euros.
"In Bihor county, Nokian Tyres will develop a new facility for the production of car tyres, with a planned capacity of 6 million units per year, which will incorporate the latest generation technology. The factory in Romania will create over 550 new jobs and commercial production will begin next year, in 2025," said Mihai Constantin.
Prime Minister Marcel Ciolacu had stated before the government meeting that it is about an ultra-modern tyre factory, with the latest generation technology.
"The most important project today is the support, through a state aid of almost 100 million euros, of the factory built by Nokian Tyres in Oradea. I was there with my colleagues and saw an ultra-modern tyre factory, with state-of-the-art technology, investment of over 625 million euros, which will provide 550 jobs. It is the successful model in which the government supports a large private investment, which generates a multiplier effect in the economy, at regional and local level. It is a major step in the country's reindustrialization programme and we want to multiply the Oradea example in all the counties of Romania," said Marcel Ciolacu.
Comentează