ANNOUNCED AS TEMPORARYNo
On 19 July 2019, the European Investment Bank (EIB) and Sidenor Aceros Especiales S.L.U. signed a loan agreement having a total value of EUR 50 million (approx. USD 56 million). The loan is issued under the Mid-cap Programme Loan for Spain and Portugal 2, see related state act.
The loan will support the company's investments in new technologies and equipement to bettering product quality and manufacturing efficiency of the company's steel production line.
According to the EIB, the objective of the supported investments "... are expected to strengthen the promoter's (ed. Sidenor Aceros Especiales S.L.U.) market position by enabling the manufacturing of higher quality special steels products as well as the development of new products to enter new industry segments. In addition, the investments in new equipment and facilities will raise manufacturing efficiency and support the company's competitiveness in the medium-long term."
Sidenor Aceros Especiales S.L.U. has its headquarters in Spain with branches in Germany, France, Italy and the United Kingdom. The company is a steel producer with pro
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.
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