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Marcegaglia group, EIB loan of 100 million euros for digitization and plants energy saving

Marcegaglia group has signed a seven-year loan agreement with the European Investment Bank (EIB) for 100 million euros to cover the costs of digitization (56%) and energy efficiency (44%) of its production plants, in support of the expansion and development programmes of its industrial activities.
The loan, which is the first granted by the EIB to the Mantua steel group and included in the Juncker Plan for European Investment (EFSI), will also be used to build two thermal energy plants and some photovoltaic plants for the independent production of electricity and heat, which can meet 75% of the internal needs, with a significant reduction in costs and greenhouse gas emissions into the air.
In 2019 Marcegaglia group launched a plan of measures for an amount of approximately 600 million euros over the next five years to strengthen the activities of the main plants in its production chain in Italy and abroad.
"Marcegaglia group is one of the world leaders in the steel sector, and with Emma Marcegaglia we have had long and fruitful relations at an institutional level when she was president of Confindustria. I am therefore particularly proud of this cooperation, which enables the EIB to support the investments of an industrial group that is keeping up with the times, basing its future development on digitization and energy efficiency, the pillars of EIB activity", commented EIB Vice-President Dario Scannapieco.

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