The Italian government will provide Arvedi with €22.5 million in support

The investment program involves the development of a new high-tech product

Italy’s Ministry of Entrepreneurship and Industry (MIMIT) has authorized the state agency Invitalia to sign a development agreement with the Arvedi steel group to support an €82.5 million investment at the company’s plant in Cremona. This was reported by Startmag.

As part of the Arves project, the government will provide up to €22.5 million in funding—more than a quarter of the total investment. The ministry called the initiative strategic for enhancing the competitiveness of Italian industry and the sustainable development of the region.

The investment program involves the development of a new high-tech product—non-oriented grain (NGO) magnetic steel for electric machine cores. This type of steel is characterized by a higher silicon content and is used to improve the efficiency of electric motors and control variable magnetic fluxes.

In addition, the company plans to implement technologies for the recovery and recycling of secondary raw materials, modernize the liquid steel vacuum treatment facility, and carry out a research program on the production of low-environmental-impact steel for the automotive industry. The project is also expected to have a positive impact on employment in the region.

Invitalia will manage the agreement and, on behalf of the ministry, verify the project’s compliance with the conditions for receiving state support.

MIMIT also noted that the mechanism for development contracts has become more efficient thanks to the acceleration of approval procedures. In 2025, 134 investment programs were approved, compared to 45 in 2022, and another 36 programs in the first quarter of 2026.

As a reminder, in February, Acciaierie Arvedi signed an agreement with the energy company Metlen regarding access to the innovative Italian support mechanism for energy-intensive enterprises, Energy Release 2.0. This mechanism is designed to ensure a stable supply of electricity to energy-intensive industrial sectors. The agreement will cover approximately 2.4 TWh of electricity supply for Acciaierie Arvedi, ensuring access to stable and competitive electricity prices.