The European Investment bank (EIB) lends Nokian Tyres €150 million to build green factory in northwestern Romanian city of Oradea. Manufacturing site to begin operations in early 2025 and reach full capacity in 2027.
When running in full capacity, the Oradea factory will lead to around 500 full-time jobs and help counter a demographic decline in the area.
The factory in Oradea will be around 100,000 square metres and rely on energy from zero CO2 sources, including locally produced green power, as well as on advanced technologies to prevent CO2 emissions, which cause climate change.
The facility will produce up to 6 million tyres annually once full capacity is reached in 2027. It will start commercial operations early 2025 and ramp up capacity in 2026. The site will include a storage facility for tyre distribution.
[Edit typo.]
Romania built a modern waste management facility some years ago and it was opened with some fanfare. There’s an investigative reporting doc on it that shows that garbage is just being dumped in a trash heap for various reasons: https://www.youtube.com/watch?v=WHgwT-F05J4
This is nice, but I’ll believe it when I see it and if it turns out to be a scam or otherwise mismanaged I won’t be surprised.
To note, I am Romanian.