David Cote, chairman and CEO of US industrial group Honeywell,arrived in Romania yesterday to discuss with the authorities inBucharest about state aid for an about 100 million-euro investmentproject, which might reach 200 million euros, market sourcessay.
Even though keeping a low profile, the Honeywell group is amongthe top ten Romanian exporters and already owns a factory inBucharest and one in Lugoj. It had about 1,300 employees and over70 million euros in cumulated business in 2009.
The sources said that even though they do have a reallysignificant financial strength, the Americans wanted to get stateaid in Romania encouraged by the precedent created by Ford inCraiova and Lufkin in Ploieşti.
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