Focus on Steel 2018 | Page 14

14 15 A new factory dedicated to chromed bars and pipes Within the Chrome Plated Division, Proinvest Group develops and markets a wide range of chromed bars and pipes under the Cromest® brand. For the development of these products we have initiated an investment of about 7.3 million euros. CROMEST ® Locul The extractive industry is one of the domains in which chrome bars pentru studenții de have sponsorizați direct applicability Proinvest Group The development of these products, with applications ranging starting from hydraulic and pneumatic industry, to fitness equipment or even simple office chairs, will thus benefit from a few million euro investment. We already started the realization of the new factory dedicated to chromed bars and pipes. In 2018, Proinvest Group started a greenfield concept with an estimated value of 7.4 million euros, having the objective of producing chromed bars. The implementation of the investment project implies the creation of 100 new jobs. The location for implementing the investment project is Pascani city and directly contributes to the economic and social development of the city. The necessary documentation for obtaining a state aid worth almost 3.7 million euros was submitted for this project. The chromed bars and pipes that will be produced in the manufacturing plant have direct applicability in the hydraulic industry but these products can also be used in the chemical, oil, marine, aerospace or extractive industries. Chrome Plated