Euro Group is the world leader in the production and distribution of magnetic laminations for electric motors and generators for the most varied industrial applications: from automotive to domotics. The holding controls various manufacturing companies and divisions in several countries (Eurtranciatura, Alcast, Corrada, Euroslot, Saf, and others) and has 1,700 employees and a turnover of about € 330 million (2017).
In order to support the group’s investments in research and development and the purchase of machinery and equipment for the new Mexican subsidiary, SIMEST and SACE, the Italian government agencies providing, respectively, credit and insurance services to Italian companies abroad have guaranteed a € 14.5 million loan.
The investment will increase Euro Group Mexican division’s production capacity and make it more competitive in the North American market segment of magnetic sheared laminations for traction motors for electric cars. Euro Group has been operating in Mexico since 2006 through Eurotranciatura Mexico.