On 13 August, the European Commission authorised €99.5 million in Romanian aid for Nokian Tyres.
The aim of this support is to create a new zero CO2 emission plant that will produce tyres for passenger cars in Oradea, Bihor County (Nord-Vest region). The measure will help to achieve the EU’s strategic objectives in terms of job creation and regional development, as well as the regional economy’s green transition.
Total investment is estimated at €650 million.
The plant’s capacity is expected to be approximately 6 million units per year. The project will create some 500 direct jobs, as well as indirect jobs. The project is also expected to have sustainability benefits, as it aims to be the world’s first zero carbon dioxide emission tyre factory.
The plant will be located in Oradea, an area eligible for regional aid under Article 107(3)(a) of the Treaty on the Functioning of the European Union. (Original version in French by Lionel Changeur)