# Groupe Atlantic opens first factory in Romania with €60M investment

Groupe Atlantic is opening its first factory in Romania, located in the PWP Bucharest North industrial park, Prahova county. The €60 million investment will produce electric water heaters and hot water cylinders, creating 370 jobs by 2026. Production is expected to start in Q4 2024.

- Type: New facility
- Announced: 2023-12-04
- Where: PWP Bucharest North industrial park, Prahova county, Romania
- Value: $65.0M (60.0M EUR)
- Jobs: 370
- Starts operating: Q4 2024
- Status: under construction
- Products: electric water heaters, hot water cylinders
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Groupe Atlantic](https://endata.com/companies/10117.md)

## Sources

- [business-review.eu](https://business-review.eu/business/groupe-atlantic-opens-its-first-factory-in-romania-in-prahova-county-60-million-euros-invested-370-jobs-by-2026-254615), 2023-12-04: "The new site will receive an investment of 60 million euros, money used to ensure the best working conditions, with 100% new equipment and machinery."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.