Aperam, a global leader in stainless steel, electrical and specialty steels, and recycling, has finalized a new loan agreement with a banking consortium, backed by a EUR 120 million guarantee from Gigarant NV, a Flemish Government Special Purpose Vehicle. The funding reinforces Aperam Genk's role as a cornerstone of Flemish manufacturing.

The loan supports the Genk site's continued development, advancing its industrial innovation and green energy transition. Flanders' Minister-President Matthias Diependaele said that the guarantee supports sustainable jobs and innovative strength in the region.

The investment was in line with Aperam's decarbonization roadmap, which includes a recent Power Purchase Agreement with LRM for renewable energy. This project strengthens European manufacturing competitiveness against global challenges, building on Aperam's previous investment worth over EUR 350 million between 2018 and 2024.