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 Aperam’s Genk
plant (Belgium) as well as the company’s 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: “We are pleased to announce
this financing contract with EIB on attractive financial terms. It will fully
support Aperam’s top line strategy and leadership journey. The Genk
investment will further facilitate the transformation of Aperam’s 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.”
EIB Vice-President Ambroise Fayolle said: “The 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.”