Austria: EIB provides €150 million of funding to ZKW Group ...Middle East

european union - Economy
source : european union ( Middle East ) () 21
The EIB will provide €150 million to Austrian ZKW Group GmbH. ZKW is a leading automotive supplier that develops and manufactures innovative premium lighting systems and electronic modules. In recent years, ZKW significantly shaped the industry through a series of innovations such as the first laser headlights in series production. The fresh funds from the EU bank will be used for ZKW´s investments in Research, Development and Innovation (RDI) in the field of innovative automotive lighting systems carried out in Austria and Slovakia. In addition, ZKW aims to invest in state-of-the art machinery and equipment for its manufacturing site located in Slovakia.

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