# EIB provides EUR 20M to AMES Group for RDI and capacity expansion

The European Investment Bank provided EUR 20 million in financing to AMES Group to support its innovation strategy and expand production capacity at plants in Spain and Hungary. The project will create 75 jobs by 2022.

- Type: Investment
- Announced: 2020-01-13
- Where: Barcelona, Montblanc, Solsona, Tamarite, Spain; Hungary, Spain
- Value: $22.2M (20.0M EUR)
- Jobs: 75
- Starts operating: 2022
- Status: announced
- Products: sintered components for automotive industry
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [AMES Group](https://endata.com/companies/44465.md)
- [European Investment Bank](https://endata.com/companies/10295.md) (investor)

## Sources

- [eib.org](https://www.eib.org/en/press/all/2020-004-eib-provides-eur-20m-in-investment-plan-for-europe-financing-for-ames-group-s-rdi-strategy-and-expansion), 2020-01-13: "The EIB will provide EUR 20m in financing to AMES under the Investment Plan for Europe."
- [cincodias.elpais.com](https://cincodias.elpais.com/cincodias/2020/01/13/companias/1578921467_970672.html), 2020-01-13: "Este acuerdo llega en un momento adecuado para dar continuidad al crecimiento que el grupo ha mantenido en la última década."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5253319/ames-group-receives-eib-funding-for-expansion-in-spain-hungary), 2020-01-14: "Investment to help AMES focus on the development of new metal powder materials and the optimisation of sintering processes"

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