ANNOUNCEMENT 02 Oct 2017
On 2 October 2017, the European Union announced the allocation of funds for a Portuguese company's business activities.
NUMBER OF INTERVENTIONS
European Commission, Regional Policy, Notice of 2 October 2017, Project: New production facilities at Embraer’s Portuguese plant to lead to innovation in aircraft design: http://ec.europa.eu/regional_policy/en/projects/portugal/new-production-facilities-at-embraers-portuguese-plant-to-lead-to-innovation-in-aircraft-design
The Regional Development Fund of the European Union provided funds of a total value of EUR 23,533,850 (USD 27,638,401) to the Portuguese company Embraer Portugal Estruturas Metálicas, S.A. The funds will finance the company's development and installation of production equipment at the Embraer Portugal Estruturas Metálicas plant. This upgrade to the industrial facility will enable the company to "manufacture of critical metallic components for use in a new wing created for the future generation of Embraer jet aircraft". The project runs between June 2015 and December 2018.
The funds are provided under the joint operational programme "Competitiveness and Internationalization" of the EU Cohesion Fund (CF), Regional Development Fund (ERDF) and the European Social Fund (ESF).