BNL Gruppo BNP Paribas and LU-VE Group: positive loan of 40 million euros

Rome, 15 June 2020 – BNL Gruppo BNP Paribas has set up a “positive loan” of 40 million euros for LU-VE Group, one of the main European producers of static and ventilated heat exchangers for the refrigeration, air conditioning and industrial process cooling markets. LU-VE Group, which has 3,200 qualified employees, has 16 production facilities in Europe, Russia, China, India and the United States, and exports 83% of its production to 100 countries worldwide.

The “positive loan” from BNL has conditions which become even better for the company when it achieves specific sustainability objectives. In particular, in the context of environmental sustainability, LU-VE Group is increasing its use of natural refrigerant fluids (carbon dioxide, ammonia and propane) with zero or very low ODP (Ozone Depletion Potential) and GWP (Global Warming Potential) in its heat exchangers, replacing the hydrocarbons (HFCs), thus meeting their customers’ green requirements.