Aperam provides a guaranteed loan for further development
Aperam has entered into a new loan agreement backed by a guarantee of up to 120 million euros ($139 million) from the Flemish government agency Gigarant NV, managed by ParticipatieMaatschappij Vlaanderen (PMV). This guarantee allowed us to obtain a syndicated loan provided by ING, KBC and Belfius, and will contribute to continued investments in the development and sustainable development of the Genk enterprise, Kallanish notes.
This statement was made during the recent visit of Matthias Diependaele, Minister-President of Flanders, to Genk. With government support, Aperam will continue to invest in Genk's innovations, supporting regional supply chains and promoting sustainable employment.
"This partnership with Gigarant and PMV gives Aperam Genk the opportunity to invest in industrial innovation and the transition to green energy," says Aperam CEO Frederico Ayres Lima. "This strengthens Aperam's position in Flanders as one of the largest employers in the region, as well as furthers our global ambitions to become a leading creator of added value in a closed-loop economy using infinitely variable materials."
Between 2018 and 2024, the steel mill invested more than 350 million euros in the modernization of production in Genk, accelerating digital transformation and the transition to an environmental approach. The company recently entered into an electricity purchase agreement (PPA) with the Belgian investment company LRM to generate renewable electricity from the Kristal solar park in Limburg in addition to the existing solar power plants in Genk and Chatelet.
Aperam is investing in decarbonization, aiming to reduce greenhouse gas emissions in areas 1, 2 and 3 by 20% by 2030 compared to 2021 levels in order to reduce emissions to zero by 2050.
Natalia Capra France
Kallanish.com