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Noerr Advises on Sonaca State Aid in Romania

Noerr has advised Sonaca Aerospace Transilvania SRL — part of the Belgian group Sonaca SA — in obtaining RON 24.1 million (EUR 5.4 million) in state aid from Romanian authorities, meant to support the financing of a project dedicated to developing a new production plant in Romania.

Sonaca SA is an aerospace company headquartered in Belgium primarily focused on designing, producing, installing, and testing of aerospace structures and associated subsystems. 

In order to meet client demands, Sonaca set the goal of expanding its activities in Eastern Europe via a greenfield investment amounting to several million EUR in the aerospace sector, meant to establish the base for a production plant in the town of Moldovenesti in Cluj county, Romania.

The total value of the financed project is RON 52 million (EUR 11.8 million), an amount due to be invested between 2015 and 2017. The project consists in buildings, roads, equipment, and installations to be used in the production of equipment for Embraer and Airbus airplanes. 

This article was referred by our friends at LegalMarketing.ro. You can find the original full article here (Romanian).

Image Source: lanouvellegazette.be

Last modified onMonday, 05 October 2015 15:33
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