April 16, 2013 romania-insider.com
Romanian firm MFA Mizil has signed an agreement with Renault Trucks Defense to cooperate in the production of military vehicles in Romania. The deal brings a joint venture to produce military transport vehicles and armored cars to the MFA factory in Mizil, Prahova County.
The vehicles produced will be marketed locally and internationally, according to information released by the companies. No figure for investment was given, but upgrading work will be carried out at the MFA Mizil plant.
MFA is a Romanian engineering firm founded over 60 years ago. The company has been the leading contractor for the Romanian Ministry of National Defense (MApN) since 1989 for armored vehicles. The latest project developed by the MFA with MApN was the modernization of 127 infantry vehicles, which received NATO certificates worth over EUR 100 million. MFA Mizil is part of the Carmistin group of companies, belonging to businessman Iustin Paraschiv.
Renault Truck Defense has over 1,400 employees in France and is present in over 50 countries with its products.