Car maker 'Dacia Automobile' will start producing engines that comply with the Euro 6 emission standards towards the end of this year, company CEO Nicolae Maure said on the occasion of the signing of a set of projects financed from European funds.
Photo credit: (c) George Onea / AGERPRES ARHIVĂ
Dacia and the Renault Technologies Romania (RTR) Centre, which are part of the Auto Muntenia Pole, signed on Monday two investment projects with the Managing Authority for the Sectoral Operational Program "Increasing Economic Competitiveness", providing Dacia support for the testing of the new engines.
"The project will help us with investments in a vehicle prototype center and in test benches for Euro 6 engines," said the Dacia CEO.
The two investment projects are worth an aggregate of 171 million lei (38 million euros) and the non-reimbursable funding is worth over 62 million lei (13.7 million euros).
Infrastructure elements will be set in place for the installation of new manufacturing lines for the 4x4 rear axle and moulds for the side frames. Two halls will also be built for the safe testing of engines and vehicles without adverse environmental impact.
On Monday, the Managing Authority signed a total of six projects with the Muntenia Auto Pole; apart from the two investment projects, the set includes a research and development project worth a total of 1.2 million euros for RTR, and three projects totaling 740,000 euros that ensure a coordinated implementation of all the works.
The implementation of the projects will result in creating and maintaining 108 jobs, in the release of three innovation patents and a 17 percent rise in the Pole's turnover. The export turnover will also rise by 21 percent.
The Auto Muntenia Pole comprises 30 entities, of which 21 trading companies, and it also includes local authorities and universities. The Pole's turnover is 3.1 billion euros and its export turnover of 2.2 billion euros.
"Beyond investments, we are happy that other partners also act under the umbrella of the Competitiveness Pole, so that the project will be a real [business] embryo for the Arges and Dambovita counties, helping all the project partners develop," said the Dacia official.
The Sectoral Operational Program "Increasing economic competitiveness" reached a contracting level of 98 percent at the end of 2013, compared to 56 percent at the end of 2012, and the funding absorption degree hit 36 percent, said Secretary of State in the Ministry of Economy Adrian Volintiru. He added that in 2013, payments to the beneficiaries stood at over 550 million euros compared to approximately 380 million euros in the period 2008 — 2012. AGERPRES