| Project Detail |
The project concerns the scale-up of capacity of the existing production facility from the current 2,000 tons of wire/year to an annual capacity in the range of 8,000 to 12,000 tons of magnet wire used in all types of powertrain motors in automotive, renewable energy and consumer applications. The Project includes also Promoters RDI including R&D facility and equipment capex, for the development of new wire solutions in automotive and adjacent markets. The investments are located in in Turin, Italy, for the period 2024-2027."
Objectives
The project supports the InvestEU Main Policy Priority Areas (MPPA) for Research, innovation and digitisation window (RIDW) supporting Sustainable and smart transport and mobility. The project contributes to the development and deployment of more circular, easier to recycle materials (by design) used in high potential sectors for circularity such as batteries and vehicles.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EUR 60 million |
