SCM Group and the European Investment Bank (EIB) have signed a new €50 million multi-year securitized credit line. This loan will finance 50% of the Italian group’s planned €100 million investment in research and development over the next four years, 2021-2024.

“Innovation and digitalization are fundamental pillars for the current and future organic growth of our Group,” says Marco Mancini, CEO of SCM Group. He adds that “with this credit line, the consolidated relationship with the EIB will help to further broaden the path we are already on and further strengthen our positive financial structure.”

As part of these planned investments, the SCM Group will further develop innovative products and services based on technological solutions that are even more efficient, flexible and user-friendly for the end customer. This will then ensure effective production processes that meet the new requirements of smart manufacturing and Industry 4.0 and ensure a more sustainable use of resources.