Romanian aerospace industry takes flight
The EBRD provided support for Romania’s aerospace industry by extending a €25 million loan to Universal Alloy Corporation (UAC), which makes aluminium parts for leading aircraft manufacturers such as Airbus, Boeing and Bombardier. UAC is expanding its production in response to increased demand from these companies.
The financing will enable UAC to increase production capacity and introduce innovative technologies, such as the full recycling of metal chips. The company will also bring the latest know-how to Romania with its training programme for local staff, thereby contributing to the growth of a knowledge-based economy in the country. Read more about this project.