Press Release: €100 million of Juncker Plan financing for research and development at Antolin Group in Spain

The European Investment Bank (EIB) has signed a €100 million loan with Spanish car interior supplier Antolin Group to support the company’s research and development activities. The loan is guaranteed under the Juncker Plan’s European Fund for Strategic Investments (EFSI). Antolin will use the financing to develop new lightweight vehicle interior components for energy-efficient, connected and autonomous vehicles. The activities will be carried out in Spain, Germany and France. Carlos Moedas, Commissioner for Research, Science and Innovation, said: “Investing in research and innovation is investing in Europe’s future. With this €100 million EIB loan under the Juncker Plan signed today, the Antolin Group will develop innovative products to enhance its competitiveness in Europe. I’m pleased that the EU is supporting a highly innovative project in a traditional sector such as the automotive sector. It’s vital that our companies receive the financial help they need to carry out research and innovation.” (Full press release is found here. For all the latest EFSI results see the Investment Plan website or contact Johannes Bahrke – Tel.: +32 229 58615; Siobhán Millbright – Tel.: +32 229 57361)

Source: European Commission

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