Groupe Atlantic Romania Receives EUR 25 million Boost for Facility Expansion

Romania: Groupe Atlantic Romania, the Romanian arm of the leading global HVAC group based in France, has received a substantial capital inflow of RON 127 million (EUR 25 million/ USD 27 million) from its parent company. This funding is part of a broader EUR 60 million (USD 65 million) investment plan announced last December for developing a water heater production facility.

Additionally, an EUR 8.75 million (USD 9.5 million) factory is being developed, set to employ 158 people. This facility is one of the two production plants the French group aims to establish within the PWP Bucharest North industrial park in Prahova County. The overall project is expected to create 370 jobs and significantly boost local production capabilities.

Source: Romania Insider