ANNOUNCED AS TEMPORARYNo
The loan agreement between the European Investment Bank (EIB) and ULMA Group was signed on 14 December 2018. The loan has a total value of EUR 26 million (approx. USD 29.4 million). The loan will support the company's research, innovation and development project mainly concerning its activities construction and architectural solutions in Spain and Poland.
According to the EIB: "The investments are expected to support ULMA Group's competitiveness and growth."
ULMA Group comprises of eight "cooperative companies". The Group's business activities are in the following areas: "Architectural Solutions, Agricola, Forklift Trucks, Construction, Conveyor Components, Handling Systems, Packaging and Piping." The Architectural Solutions unit manufactures and supplies goods made of polymer concrete in the following market segments: "Drainage Systems, Architectural Precast, External Wall System and Ventilated Facades." The ULMA Construction manufactures and supplies "formwork, shoring and temporary scaffolding systems". Ulma has its headquarters in Spain with a worldwide presence.
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