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05 Jun
10:02

Gestamp secures financing for new steel processing technology

Spain's Gestamp has secured a €200 million ($226.9m) loan for its strategic plan to develop new steel processing technologies for the production of vehicle components such as chassis and bodywork, Kallanish learns from the company. Gestamp is a major supplier of components to the global automotive sector. The funding is provided by the European Investment Bank (EIB) under the European Fund for Strategic Investments (EFSI). “The project aims to faci…
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