12
WATCH THE VIDEO SERVICE. A structurally very solid balance sheet that allows resources to be allocated for investments and allows us to continue to innovate. A long-term loan of 200 million from Cassa Depositi e Prestiti is added to the 2022/2023 financial year results of the Danieli Group, closed on 30 June and which substantially confirm turnover and profitability. The news was given this afternoon in Buttrio by the vice president and administrative-financial director Alessandro Brussi, during the press conference which saw the Group’s top management illustrate the budget results.
In detail, a medium-term loan of 199.8 million euros from the Cassa Depositi e Prestiti will allow the Danieli di Buttrio group to start significant investments for the technological innovation of its production plants. “The collection accounting is from yesterday – said the vice president and administrative and financial director Alessandro Brussi. This financing will allow us to start with the investment for the new Abs Digimelter, which costs around 350 million, also supported by the European Investment Bank, which is providing us with around 250 million. So we will have around 450 million in long-term financing at ordinary and non-subsidized rates against a total investment of 700 million that we have planned. This allows us a coverage of around 65%.” Among the projects in the pipeline, concluded Brussi, “in addition to Digimelter, there is the replacement of two dated ABS electric ovens with latest generation electric ovens. With the furnace already installed, they will bring liquid steel production to 2.3 million tons, doubling Abs’ production capacity.”
2023-10-20 17:16:51
#million #Cassa #Depositi #Prestiti #million #EIB #Danieli #Group
