Renault's Titu centre on the finishing straight
Renault Technologie Roumanie, already working on the next
generation Logan model, and which has designed more than 50% of the
Duster SUV, is starting test operations in Titu on September
15.
"The centre in Titu will be officially launched on September 15 and
the first test is scheduled for October," said Anca Oreviceanu,
communications manager with RTR.
RTR development entails a 450m-euro overall investments, with the
first stage worth 166m euros. The investment will be completed next
summer after all centre tracks are built. To secure funding,
Renault transferred almost 50% of RTR to the EBRD, which
contributed 44m euros in the company's share capital
increase.
At present, around 160 engineers are working at Titu, with their
number set to climb to 300 by yearend, according to company
officials.
RTR last year registered 89m-euro turnover and the main operated
projects included tests for Duster model, Renault Twingo model and
the current Dacia range models.
By launching RTR, Renault's second largest development centre after
that of Paris, Renault places Romania besides countries such as
France, Italy, Great Britain or Germany, were cars are not only
manufactured, but also designed.