Renault brings 1.2bn euros to Arges

Seven years after the acquisition of Automobile Dacia by Renault, the total investment made in the Pitesti area by the French carmaker and its suppliers amounts to about 1.2 billion euros. This money created 25,000 jobs on the Dacia platform, after the restructuring of Automobile Dacia had initially generated a wave of massive layoffs. Read the first complete analysis of the impact of Renault’s investment on the communities around the Dacia plant in today’s issue of BUSINESS Magazin. The arrival of the French carmaker in Romania caused widespread investment, not only near Pitesti and Mioveni (the town where the car is made), but also throughout the entire country. Renault and its suppliers generated 2.5 billion euros in total investment. Out of this total, the investment of the French accounts for only 30%. “Renault was like a rich godfather to a poor man’s wedding party, it brought along a host of rich guests.” This is how Constantin Stroe, Automobile Dacia’s vice-president describes the effects of the investment of the French carmaker. Yet, the development does not stop here. Renault is to lay the foundations of the first R&D centre outside France, in Romania. The engineering centre (Renault Technologie Romania) will be built on a 500-hectare plot of land and will attract approximately 100 million euros in investments. More than 1,000 people will be hired at this facility that will create some of the 26 models Renault will launch over the next four years.