Joint Press Release - The EIB provides financing for future investment projects of innovation and modernisation of Aperam of ...
June 27 2016 - 4:00AM
11:00 am CET - Luxembourg June
27, 2016 - Aperam and the European Investment Bank (EIB)
announce the signature of a financing contract of an amount of EUR
50 million for the purpose of financing a research and development
programme over the period 2016-2019 as well as the upgrade of two
plants located in cohesion regions (Isbergues - Nord-Pas-de-Calais
and Châtelet-Hainaut). This project was funded under the
Investment Plan for Europe, also named " Juncker Plan", of which
France is one the main beneficiary countries with 35 operations
launched to date by the EIB Group and for a total amount of € 1.7
billion, which should generate 15 billion euros of additional
investment.
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, Vice-President of the
EIB.
Welcoming the signing of the loan,
EIB Vice-President Ambroise Fayolle said: "It represents a
significant funding which is part of the investment plan for
Europe. The EIB is very proud to finance a leader of the European
stainless steel industry which successfully adapted to the
challenging market conditions. This signature symbolises the
strong EIB commitment to supporting the development of innovative
and high added-value projects in Europe while improving
environmental footprint. Innovation is driving the international
competitiveness of companies and employment. That is why we offer
financial products tailored to develop the technical and industrial
excellence of these companies."
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).
The Investment
Plan for Europe, a priority for the EIB Group
Since 2015, the EIB Group is the
operator of the Investment Plan for Europe. The projects funded by
the European Fund for Strategic Investment (EFSI) are more of a
risky nature, the objective being to support investment in specific
sectors which are a priority for the future of the European
economy. The outcome of this European initiative is the
funding to date of 266 concrete operations with high added value
for European businesses and citizens in the public and private
sectors, both nationally and also in the heart of the territories.
Funding for these operations should mobilise a global investment of
107 billion euros out of the 315 announced in Europe which are to
be achieved by 2018: For its first anniversary, the Investment Plan
for Europe reached 34 % of its final target in terms
approvals.
About Aperam
Aperam is a global player in stainless, electrical
and specialty steel, with customers in over 40 countries. The
business is organized in three primary operating segments:
Stainless & Electrical Steel, Services & Solutions and
Alloys & Specialties.
Aperam has 2.5 million tonnes of
flat Stainless and Electrical steel capacity in Brazil and Europe
and is a leader in high value specialty products. Aperam has a
highly integrated distribution, processing and services network and
a unique capability to produce stainless and specialty from low
cost biomass (charcoal). Its industrial network is concentrated in
six production facilities located in Brazil, Belgium and
France.
In 2015, Aperam had sales of USD
4.7 billion and shipments of 1.89 million tonnes.
For further information, please
refer to our website at www.aperam.com
About the
European Investment Bank Group
Created in 1957 by the Treaty of
Rome, the EIB is the European Union's bank, forming with the
European Investment Fund (EIF) - subsidiary dedicated to supporting
SMEs - the EIB Group. First multilateral financial institution in
the world by the volume of its loans,the EIB brings its funding
(EUR 80 billion in 2015) and its expertise in sound and sustainable
investment projects, mostly in the EU. Its shareholders are the 28
Member States and its support contribute to achieving the EU
targets.
With its strong expertise and its
financial attractiveness thanks to its triple A rating, the EIB
Group is a key player in the revival of investment in Europe and
particularly in France with a little over 8.7 billion euros for new
financing in 2015 from which 46% of its activity in support of
climate action. The exceptional mobilisation of the EIB Group in
France in 2015 to support the real economy was conducted in
conjunction with public and private partners.
For more information thank you to
refer to the website: www.bei.org
Contacts
Aperam / Corporate Communications / Laurent
Beauloye: +352 27 36 27 27
Aperam / Investor Relations / Romain Grandsart: +352 27 36 27
36
European Investment Bank /
Anne-Cécile Auguin : +352 621 36 19 48 - a.auguin@eib.org
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aperam via Globenewswire
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