voestalpine VAE APCAROM company is developing an investment programme for the modernisation of the production sector of the plant based in Buzău, through the project “Contribution of VAE APCAROM to the sustainable development of the South-East region of Romania with the modernisation of the manufacturing sector of the plant in Buzău”. The project is co-financed through the European Regional Development Fund, Sectoral Operating Programme “Economic Competitiveness Growth”.
The project was presented on August 14 in Buzău and the event was developed on two plans, a work visit at the headquarters of voestalpine VAE APCAROM’s production unit followed by a press conference where the project was detailed.
The general objective of the project, the company’s representatives say, is the mo-
dernisation of the production sector through the acquisition of technical equipments, of an automated system for the control of orders and technical documentation, as well as the extension of the manufacturing capacity.
The necessity and opportunity of investments in the production sector have been dictated by several essential factors.
“First of all, the equipments to be replaced are morally worn out which means that they offer a competitive disadvantage in the market. New equipments will permit the elimination of this disadvantage so that both the national and international competitiveness of voestalpine VAE APCAROM company will boost and will help preserve the company’s position in the competition market. With this investment, the company anticipates the evolution of the market as regards quality requirements”, believe the company’s representatives.
Under the project, the company will buy several important equipments such as mobile milling machine, fixed longitudinal milling machine, horizontal pressing machine for straightening and bending rolling marks and line for the threading of screws.
“The main objectives of the project include increasing competitiveness in the domestic and foreign markets relying on increasing productivity, increasing the turnover by at least 50% in five years after the finalization of the investment, compared to 2010, but also increasing export by a minimum 49%”, announced the representatives of Buzău-based company .
Hiring another 26 employees in three years after the finalization of investments in ano-
ther objective of the above-mentioned project. Also, in the first year of operation, the company’s officials expect costs for maintenance and repairs to be reduced by 8%.
The complete integration of the production process documentation in the automated system, from receiving the order to delivery to beneficiary, is an innovative system supported through the investments carried out in this project and implies the acquisition of an automated order management system and a management system for technical documentation.
The total cost of the project amounts to RON 25.9 Million (EUR 5.5 Million) of which non-reimbursable financial assis-tance is RON 9.11 Million (EUR 2 Million) and the financing structure includes own funds, European funds, FEDR, as well as state-budget funds.
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