Feralpi plans to accelerate production of low-emission steel

The company secured a €170 million sustainability-related loan from a consortium of banks

Italian valve manufacturer Feralpi is accelerating investments in sustainable development and expanding its product range. This is stated in the company’s message.

In February of this year, the company received a €170 million loan from a consortium of banks, including BNL BNP Paribas, Crédit Agricole Italia, Intesa Sanpaolo and Unicredit.

As noted, the loan is linked to sustainable development and the achievement of ambitious environmental sustainability goals. The company plans to accelerate the development of low-impact steel production.

As Giuseppe Pasini, Chairman of Feralpi Group, explained, this financing is another step in the company’s journey to reduce its environmental footprint. The choice of a loan tied to sustainability confirms the group’s intention to link its financial performance to the achievement of its ESG goals, while ensuring transparency and measurability of progress.

The financing will strengthen Feralpi’s and its subsidiaries’ 2022-2026 business plan, which focuses on improving efficiency and production capabilities, industrial and commercial flexibility, and product mix, while reducing the impact of CO2 emissions.

Last summer, the Austrian steel and technology group voestalpine secured a €300 million loan from the European Investment Bank (EIB) for research and development of clean steel production. The funding will be used for a four-year research and development program aimed at optimizing production processes, increasing energy and raw material efficiency, and extending product life.