Grupo Antolin has successfully completed a 7-year senior bond issue for €390 million with an annual interest rate of 3.5%.
- The company will work together with Plug and Play’s platform in Spain and the Startup Autobahn program in Germany.
- Development of new technologies and innovative solutions applied to the interior of the automobile will be the main focus of this new partnership.
Grupo Antolin is studying the potential of carbon nanofibers to improve the efficiency, durability, and cost reduction of critical components in next-generation hydrogen fuel cells. The company wants to contribute to the development of a key technology to make electric mobility more cost-effective, efficient, and accessible, thus helping to drive sustainable mobility.
Grupo Antolin improved its gross operating profit (EBITDA) by 26.2% in the first quarter of the year, to €96.4 million, thereby continuing the process of recovering the business after overcoming the COVID-19 crisis. At a constant exchange rate, without the negative effect of currencies, gross operating profit grew by 32.3%.
- A product with multiple competitive advantages conceived from sustainability with a clever design that allows to reduce weight while improving production process, assembly tolerances and the overall fit & finish of the part.
- This solution is an example of the company's technological commitment to helping its customers develop more sustainable vehicles by reducing weight and emissions, being able to save up to 25,200 tons* of CO2 emitted in the complete life cycle of a vehicle.
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