ITALY – SCM Group and the European Investment Bank (BEI) have signed a new unsecured credit line running for several years of 50 million Euro aimed at funding 50% of the Italian Group’s planned 100 million Euro investments in R&D in the coming four-year period 2021-2024.

“Innovation and digitalisation are the cornerstones for the current and future organic growth of our Group” explains Marco Mancini, Scm Group CEO, adding that “the consolidated relationship with

BEI contributes, with this credit line, to speeding up the route already undertaken and further strengthening our financial structure”.

The purpose of the investments planned by Scm Group, world leader in technologies for machining a vast range of industrial materials and components, is to develop products and services based ontechnological solutions that are even more effective, flexible and simpler for the end client to use and can guarantee production processes in line with new needs in smart manufacturing and 4.0 Industry to encourage greater sustainability in the use of resources.