The loan is being provided by a group of banks comprising NKBM, Unicredit, Bank Austria Vienna, Abanka and Probanka to help the company expand its pressure die-casting capacity for aluminium automotive parts, MLM said in a statement posted on its website.
“The loan with the State guarantee was approved at a time when we concluded our talks with Volkswagen that resulted in VW increasing its orders by 25%. From the initially arranged 1,200 parts, the start of the new production line will allow us to deliver 1,600 parts thus remaining the exclusive supplier of this vital automotive part for…