New financing under Investment Plan for Europe

Aperam and the European Investment Bank (EIB) have recently declared the signature of a financing contract of an amount of EUR 50M for the purpose of financing a research and development programme over the period 2016­2019 as well as the upgrade of two plants located in cohesion regions (Isbergues ­ Nord­Pas­de­Calais and Châtelet­Hainaut).

This project was funded under the Investment Plan for Europe, also named “Juncker Planâ€?, of which France is one of the main beneficiary countries with 35 operations launched to date by the EIB Group. The signature of the contract took place at Aperam facilities in Isbergues, France in the presence of Emmanuel Macron, France’s Minister of the Economy, Industry and the Digital Sector and of Ambroise Fayolle, Vice­President of the EIB.

Timoteo Di Maulo, CEO of Aperam, commented: “This financing will fully support Aperam’s Top Line Strategy and Leadership Journey® as we will further strengthen our innovative product portfolio and our operational excellence. It is consistent with our objectives of sustainability. It contributes to our plan of modernisation of industrial tools in Isbergues (France) & Châtelet (Belgium) and also reinforces Aperam research and development centers in Isbergues and Imphy (France).â€?

Previous articleStainless steel belts in robotics applications
Next articleLeadership update, ArcelorMittal North America
Stainless Steel World Publisher
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.