Unior to launch new production line with SID bank loan

Zreče – Unior, a Zreče-based group specialising in forged steel and tools, has signed a contract with the SID development and export bank on a EUR 5.7 million loan for the financing of a new line of aluminium products. The 12-year loan involves a six-year moratorium on principal repayment.

In line with its business plan and strategy, the company is starting to develop the new line of aluminium products in response to the rapid development of electric and hybrid vehicles, and demand for aluminium products from big car companies.

The total investment is valued at EUR 13.5 million. The production line will be set up at the company’s existing production site in Vitanje.

The SID loan will be used to finance the first section of the production line with a price tag of EUR 7.6 million that is to be completed in 2023. The second section is planned for 2025 and 2026.

Unior saw a rise in orders and revenue in the first six months of this year, exceeding plans by almost 6% and almost catching up with the 2019 results.

The outlook for 2022 points to a significant improvement in demand compared to this year.

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