MADRID, Jul 15 (EUROPA PRESS) –
The European Investment Bank (EIB) will finance the research, development and innovation (R & D + i) investments of the Spanish group Zanini, specializing in the development of components for the automotive sector, with 25 million euros.
Under the framework of the Investment Plan for Europe, the objective of these funds is to support innovation within the European automotive industry and thus boost the economic recovery of the sector after the coronavirus crisis.
In this way, the investments will be carried out over the next four years in the multinational’s facilities located in Barcelona. The project will improve its production plants and expand its capacity by building a new one in Parets del Vallès.
“With this long-term EIB loan, Zanini secures financing for innovation in the coming years and will allow him to develop his expansion plan linked to the new line of electromagnetic transparency and backlight products for electric cars and autonomous cars” , has indicated the president of Zanini, Joan Miquel Torras.
With production centers in 10 countries and around 1,400 employees, the implementation of this innovation project will allow Zanini to increase its workforce, including its R&D area.
“We are pleased to sign an agreement that will help boost innovation in the European automobile industry, a sector that employs 14 million people and, like many others, is facing a particularly difficult time,” said the vice president. from the EIB, Emma Navarro.