May 29, 2019

Austrian FACC selected Croatia for a new investment project – aircraft parts plant construction

Worldwide leading aerospace company in design, development and production of innovative aircraft components and systems FACC Operaations Gmbh, headquartered in Austria, has been selected Croatia for a new aircraft parts plant construction. Location of the 30-million-euro worth investment is a business zone Jakovlje in Zagreb County. New FACC plant will provide around 600 workplaces and produce parts that will be installed in globally renowned airplanes and airplane motors: Airbus, Boeing, Bombardier, Rolls-Royce.

Before the official launch of the project, Prime Minister Andrej Plenković had a meeting with the representative of FACC AG and AVIC, minister of Economy, Entrenpreneurship and Crafts Darko Horvat and State Secretary Zdenko Lucić. On that occasion Prime Minister expressed satisfaction that Croatia has been selected for such an important project because it confirms Croatia as a competitive business and investment destination.

According to the investor’s words, Croatia was selected in the competition of several countries (Slovenia, Poland, Slovakia, Romania, Bulgaria) primarily due to a great location and connectivity, labour quality and availability and business conditions.

FACC is majority owned by the Chinese state company AVIC (Aviation Industry Corporation of China), one of top ten biggest chinese industrial corporations operating in the fields of passenger and cargo aircrafts, helicopters, motor vechicles and electronics. FACC produces parts for Airbus, Boeing and Bombardier aircrafts, employs 3500 people and working in 13 countries worldwide. In full year 2017/2018, the company achieved more than EUR 750 million in revenues and within the Group AVIC is on the list of the world’s largest companies Fortune 500.

From January 1, 2019, the Ministry of Economy, Entrepreneurship and Craft is in charge of investments processes in Croatia – invest@mingo.hr.