The European Investment Bank (EIB) and Aperam announce the signature of a financing contract where the EIB will make available to Aperam an amount of EUR 100M. The purpose of this contract is the financing of on-going investments in the cold rolling, and annealing & pickling line at Aperamâs Genk plant (Belgium) as well as the companyâs on-going modernization programmes in the cohesion regions of Nord-Pas-de-Calais (France) Isbergues plant, and Hainaut (Belgium) Châtelet plant.
Timoteo Di Maulo, CEO of Aperam, commented: âWe are pleased to announce this financing contract with EIB on attractive financial terms. It will fully support Aperamâs top line strategy and leadership journey. The Genk investment will further facilitate the transformation of Aperamâs business with state-of-the-art modern lines using the latest technology. This will enlarge our product range to incorporate the most demanding applications, which will improve lead time and flexibility to satisfy market demand, increase the efficiency and cost competitiveness of our assets, and continuously enhance our health, safety, and environmental impact. In keeping with our objective of sustainability, this financing also contributes to our plan of modernization of the industrial tools at our Isbergues and Châtelet plants.â?
EIB Vice-President Ambroise Fayolle said: âThe EIB is proud to continue supporting Aperam in its plant modernization investments in France (Nord Pas-de-Calais) and Belgium (Châtelet) and also now to contribute to upgrading its Genk (Belgium) plant with advanced stainless steel manufacturing technology. Innovation, at the heart of competitiveness, is the best response against the challenges currently facing the industry and the EIB is there to support it.â?
