The European Investment Bank (EIB) is providing 25 million to support green investments carried out by Tecnocap, a global player in metal packaging.
The agreement was announced today by Gelsomina Vigliotti, EIB Vice-President, and Michelangelo Morlicchio, Founder and President of the Tecnocap Group. The parent company, headquartered in Cava de" Tirreni, in the province of Salerno (Campania Region), will use the EIB funds to implement a series of measures aimed at improving the energy efficiency of production processes and industrial buildings, as well as installing state-of-the-art photovoltaic systems for the generation and self-consumption of renewable energy.
The initiatives will be carried out primarily at its plants in Italy and, to a lesser extent, in the Czech Republic.
The project, aligned to the Clean Industrial Deal and the REPowerEU goals, contributes to European objectives on sustainability, efficiency, and energy independence.
The planned investments aim to reduce the company"s environmental footprint while enhancing efficiency and competitiveness through optimized industrial assets and the use of renewable energy.
They will also support the creation of skilled employment.
A significant portion of the investments will be implemented in cohesion regions, fostering economic development and the green transition in less-developed areas.
The EIB credit line features a flexible, long-term financial structure designed to facilitate the gradual implementation of investments in line with Tecnocap"s industrial plan.
The transaction was structured with the support of Banca Finint S.p.A., acting as Arranger.
"This project is a great example of how the EIB can back mid-caps on their path to decarbonisation, strengthening competitiveness and helping to develop a more resilient, sustainable and future-oriented industrial economy," said EIB Vice-President Gelsomina Vigliotti.
"The trust and support of leading institutional partners such as the European Investment Bank represent a tangible recognition of the industrial vision we continue to pursue, built on the integration of sustainability, operational excellence, and competitiveness.
Advanced transactions of this scale and complexity, for MidCap companies like Tecnocap, are powerful value accelerators, capable of turning potential into performance and consolidating a balanced and lasting growth trajectory," said Michelangelo Morlicchio, CEO of the Tecnocap Group. "We are pleased to continue, through our Investment Banking division, to enhance the outstanding entrepreneurial fabric of Campania by working alongside an important multinational company based in the region such as Tecnocap S.p.A.
Following the positive experience of the Garanzia Campania Bond, with this transaction Banca Finint further strengthens its presence in the region and more broadly in Southern Italy, with a focus on corporate finance in support of sustainable investments and energy efficiency.
By activating and structuring long-term financing, we provide companies with the ideal tools to sustain their growth, supported by institutions such as the European Investment Bank," said Alberto Nobili, Head of Investment Banking Corporate di Banca Finint.