Zreče, 25 April (STA) - Unior, the Zreče-based maker of tools, has received a ten-year EUR 16.8m loan from the state-owned SID bank for the financing of R&D projects.
The money will be used for the financing of cutting-edge technologies,
tools and production lines, Unior said in a press release on
Unior chairman Gorazd Korošec said the car industry had
been hit hard by the crisis, but sales have nevertheless returned to
Unior posted a net profit of EUR 1.3m for 2011 on
sales that rose 23% to EUR 155m.
The loan was granted as part of a
SID bank programme for the financing of technological and R&D
The programme is funded with a EUR 100m loan from the
European Investment Bank (EIB) and EUR 50m in budget funds.
combination allows SID to offer low interest, the bank's chairman Sibil
Svilan was quoted as saying.