# EIB provides EUR 40 million loan to Mécachrome Group for factories of the future

The European Investment Bank signed a EUR 40 million loan with Mécachrome Group to finance two Factory 4.0 plants in France and Portugal, and automated lines for Leap engine production.

- Type: Investment
- Announced: 2017-07-20
- Where: Sablé-sur-Sarthe, France; Varilhes, France; Evora, Portugal, France
- Value: $48.0M (40.0M EUR)
- Status: announced
- Products: titanium components, cryogenics machining, Leap engine production lines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mécachrome Group](https://endata.com/companies/26931.md)
- [European Investment Bank](https://endata.com/companies/10295.md) (investor)

## Sources

- [eib.org](https://www.eib.org/en/press/all/2017-242-efsi-la-bei-finance-le-developpement-du-groupe-mecachrome-a-hauteur-de-40-meur), 2017-09-14: "I am delighted to once again be here with you in the Pays de la Loire region to sign this new Juncker Plan loan"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.