According to EIB website, the project will be focusing on research, development and innovation (RDI) as well as capital investment in production equipment in its three business units, namely (i) wooden panels, (ii) furniture and (iii) chemicals. The investment will be carried out in Italy in existing sites in the period 2017-2019. This project is expected to support the growth of the group, particularly the furniture business unit, as well as the development of new products through RDI activities. Moreover, the capital investments target the partial refurbishment of already installed production capacity to allow for improved production efficiency as well as the installation of new equipment to allow for new productions.
The investments if successful will improve the client's manufacturing efficiency and are therefore eligible for the bank’s financing.
No contact information provided at the time of disclosure.
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