# Lu-Ve secures €30M loan to expand plants in Italy, Poland and USA

Lu-Ve has negotiated a €30 million loan with Deutsche Bank to expand production at plants in Mel (Italy), Gliwice (Poland) and Jacksonville (USA). The loan expires in 2028.

- Type: Investment
- Announced: 2022-12-15
- Where: Mel (Italy), Gliwice (Poland), Jacksonville (USA), Italy
- Value: $31.8M (30.0M EUR)
- Status: announced
- Products: static heat exchangers, heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Lu-Ve](https://endata.com/companies/8868.md)
- [Deutsche Bank](https://endata.com/companies/4267.md) (investor)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/e30m-loan-to-boost-production-at-lu-ve-plants/), 2022-12-15: "Lu-Ve has negotiated a €30m loan with Deutsche Bank aimed at further strengthening its production processes at plants in Italy, Poland and the USA."

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