# Vulcaflex plans €15M investment to boost synthetic eco-leather capacity

Vulcaflex obtained a €25 million loan, with over €15 million earmarked for an investment plan through 2026 to increase production capacity of its Nextethic ecological leather for car interiors. The company supplies BMW, GM, Stellantis, Volkswagen and Mercedes.

- Type: Investment
- Announced: 2024-12-09
- Where: Cotignola, Ravenna, Italy
- Value: $16.5M (15.0M EUR)
- Status: announced
- Products: synthetic eco-leather, Nextethic
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Vulcaflex](https://endata.com/companies/81626.md)

## Sources

- [en.ilsole24ore.com](https://en.ilsole24ore.com/art/vulcaflex-synthetic-leather-overcomes-automotive-crisis-AGCVXpZB), 2024-12-09: "We can't keep up with orders, Volkswagen called us last month and announced that in the next two years they would double the demand for Nextethic."

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