The loan will boost investment by ULMA Group in new solutions to cut consumption and recycle materials, upgrade its facilities, and increase its energy efficiency.
The European Investment Bank (EIB) and ULMA Group have signed a €45 million loan to finance the ULMA Group’s innovation and sustainability activities.
The EIB loan will finance the Cooperative Group’s investments in advanced manufacturing technologies for its construction business line and polymer concrete architectural solutions. It will also help provide the investment needed for the construction of a plant to produce new, sustainable building materials. In addition, the European Investment Bank will support ULMA Group as it improves its energy efficiency, furthering its decarbonisation and sustainability strategy.
General Manager of ULMA Group Iñaki Gabilondo said: “This agreement will allow us to pursue innovative sustainability projects in the construction sector, with a clear positive impact for people and the world we live in. It bolsters our strong commitment to creating a more efficient, responsible and forward-looking industrial model. In addition, having the support of a prestigious organisation like the EIB is clear recognition of the value and robustness of this social business endeavour.”
The financing agreement supports innovation, climate action and environmental sustainability, and social infrastructure in the European Union, which are three of the eight core priorities set out in the EIB Group 2024-2027 Strategic Roadmap. Social infrastructure is being supported by the ULMA deal’s contribution to the EIB’s affordable and sustainable housing initiative.