Investment Plan in Portugal: inauguration of Mecachrome titanium manufacturing plant in Évora

After receiving support from the Investment Plan for Europe, Mecachrome Aeronáutica today inaugurated its new plant for manufacturing titanium parts for aircraft engines in Évora, Portugal. The European Investment Bank has provided the Mecachrome group with a €40 million loan aimed at supporting the modernisation and expansion of its production capacities for advanced aero engine and aero structure components. The project will create 300 new jobs in Portugal. Carlos Moedas, European Commissioner for Research, Science and Innovation, said: “The Investment Plan for Europe is once again supporting an innovative project in Portugal with a €40 million loan. Using cutting-edge technology, this new environmentally-friendly factory in Évora will create 300 permanent jobs in Portugal and it will be a leading manufacturer of titanium parts for aircraft engines in Europe. I am proud that Portugal is making full use of the Juncker Plan: it is now ranked second out of 28 in total investment mobilised relative to GDP.”