ICO and Bankinter provide €11.51 million financing to Lignum Tech to boost industrialised construction capacity

en.Wedoany.com Reported - The Spanish Official Credit Institute (ICO) and Bankinter have provided €11.51 million in financing to Lignum Tech to support the expansion of its industrialised construction capacity. The funds will be used to expand its factory and strengthen the supply of wood, a key raw material for its production.

Of the total financing, ICO contributed €8.06 million (70%) and Bankinter contributed €3.45 million (30%). The transaction was executed under the ICO MRR Verde loan programme, which is funded by the European Union's Next Generation EU fund and falls within the framework of the Recovery, Transformation and Resilience Plan.

The investment will be used to build an autonomous wood drying and sorting line to ensure raw material supply, as well as a new automated factory for producing industrialised facades and industrialised bathrooms.

Through this transaction, ICO has strengthened its strategy of supporting industrialised construction. This model aims to improve productivity in the sector, shorten construction times, and promote building methods that reduce environmental impact.

In addition to increasing production capacity, this financing is also used to strengthen the value chain of industrialised construction in Spain, promote innovation in construction techniques, and promote higher-tech solutions.

Relevant institutions point out that such investments help address the main challenges facing the industry, including increasing housing supply, decarbonising construction, and the shortage of skilled labour.

Juan Antonio Gómez-Pintado, Chairman of Lignum Tech, stated that this transaction will drive a shift towards a more efficient construction model and contribute to the improvement of national industrial competitiveness. Manuel Illueca, Chairman of ICO, emphasised that support for affordable housing and industrialised construction is a strategic component of the institution's efforts to promote a more sustainable and efficient housing stock.

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