The European Investment Bank (EIB) has announced EUR 100M in financing for Marcegaglia. This operation will support the group’s EUR 170M investment plan.
The operation is to be completed by 2028 and will help to further digitalise and automate logistics at the plants in Ravenna and Gazoldo degli Ippoliti. The aim is to further decarbonise the galvanising lines in Ravenna, and to develop innovative, low-carbon and highly energy-efficient technology for electrical steels. In addition, finance will be provided for research, development and innovation projects, particularly those involving production processes at the Ravenna, Gazoldo degli Ippoliti and San Giorgio di Nogaro plants.
By providing this finance, the EIB is highlighting its commitment to supporting projects that promote innovation, sustainability and economic growth in Europe. Working with Marcegaglia is an important step towards a more sustainable and competitive future for the European steel industry as a whole.
This EIB financing will cover more than the usual 50% of the total project cost, given it is supporting the REPowerEU objectives. The EIB is committed to supporting REPowerEU, making EUR 45bn in additional financing available by 2027.
