Electroalfa

Research- development activity improvement with a view to Electroalfa innovation capacity and competitiveness increase

Electroalfa obtained over this year European funding to implement a complex project, “Research-development activity improvement with a view to Electroalfa innovation capacity and competitiveness increase, a project co-financed by the Regional Development European Fund under the financing contract concluded with the National Authority for Scientific Research.

Convinced that caring for the innovation is the living source for performance support, we focused our efforts and knowledge in developing large-scale project.

The purpose of the project is to increase the levels of competitiveness and adjustment to market requirements by creating an independent center of Research and development. Improved technical performance and quality of the current products, portfolio diversification with new products, innovative, reliable and environmentally friendly, new jobs creation, are some of the positive effects, which will contribute to the company’s activity.

The total contract value is 19,625,722 RON, out of which European fund granted value is 6,873,582 RON. The project starting date is May 11th, 2011 and it will run for a period of 25 months.

The year 2011 brings major challenges for the company in terms of objectives, which we aim. The first step we have already done by signing this European funding agreement. The successful completion of this project will create the circumstance for a new stage in the evolution of the company by expanding into new activity fields – asserted the President of the Company, Gheorghe Ciubotaru.

For further information, please visit website www.electroalfacd.ro.