New ironmaking facility set to start operation by 2021
The company behind the new Ironmaking Technology and Iron Manufacturing Centre in Romania, which is set to begin operations by 2021, has confirmed that it has secured a contract for the construction of a facility for producing iron and steel products.
Romania’s Ministry of Energy and Energy Regulation (OMEN) and Romania’s Ministry for the Environment signed a contract on the project on Friday.
The project will provide an innovative and highly skilled manufacturing facility that will be located on the outskirts of Bucharest, according to the ministry.
Romanian Prime Minister Victor Ponta said on Friday that the Iron Manufacturing Technology and Industry Centre will create jobs and strengthen Romania’s position as a manufacturing hub.
“It is a very important project that is of great importance for Romania,” Ponta told reporters on Friday in Bucharest.
“The company has secured the necessary financing, so we will have the infrastructure to produce the necessary products.
We will also be able to establish a permanent employment centre.
This is a great thing for Romania, because this is a good opportunity for young Romanian people to start a new life,” he added.
Ponta said Romania’s energy policy aims to increase the energy efficiency of the country’s energy systems and increase the availability of energy to the citizens, according.
“This is why I want to work with this project and make it a success,” he said.
The new project will include a workshop and an office for iron and metal products manufacturing, which will create 20,000 new jobs in Romania by 2021.
Romanians will be able use the facility as a supplier of iron and other products, the ministry said in a statement.
Romanie’s new Prime Minister has promised to help the country in its efforts to reduce its energy consumption and the use of fossil fuels.