EIB TechEU Programme Launches in Austria with Major Financing Agreement Supporting AMAG’s Research and Green Manufacturing Investments

EIB TechEU Programme Launches in Austria with Major Financing Agreement Supporting AMAG’s Research and Green Manufacturing Investments

(IN BRIEF) The European Investment Bank is providing a €75 million loan to AMAG Austria Metall AG to support research, digitalisation and environmentally sustainable manufacturing at its Ranshofen plant in Upper Austria. The financing represents the first EIB operation in Austria under the TechEU programme and forms part of a wider €168 million investment plan running from 2025 to 2028. The funding will support the development of advanced aluminium products for industries including automotive and aerospace while improving production efficiency and environmental performance. The investment also supports European Union objectives to strengthen industrial competitiveness and secure reliable supplies of critical raw materials, with additional backing provided through the InvestEU programme.

(PRESS RELEASE) LUXEMBOURG, 24-Feb-2026 — /EuropaWire/ — The European Investment Bank (EIB) has signed a €75 million financing agreement with AMAG Austria Metall AG to support technological innovation and sustainable manufacturing at the company’s production facility in Upper Austria. The investment will enable Austria’s leading aluminium producer to advance research and development activities, modernise production processes through digital technologies and improve the environmental performance of its operations.

The financing marks the first EIB-supported project in Austria under the TechEU programme, an initiative designed to stimulate industrial innovation and strengthen Europe’s technological leadership. The EIB loan will contribute to AMAG’s broader investment plan, which is expected to total approximately €168 million between 2025 and 2028.

EIB Vice-President Karl Nehammer described the project as a significant example of strategic investment in innovation, digital transformation and sustainable industrial production, noting that support for technologically advanced companies contributes to strengthening Europe’s competitiveness and industrial resilience.

The financing agreement was formalised during a visit by EIB representatives and members of AMAG’s Board of Directors to the company’s production site in Ranshofen, a major industrial facility employing around 2 000 people and playing a key role in Europe’s aluminium supply chain.

AMAG Chief Executive Officer Helmut Kaufmann highlighted that the funding will support long-term innovation initiatives and reinforce the company’s technological leadership. The Ranshofen facility combines advanced production capabilities with strong recycling expertise and intensive research activities focused on sustainable materials.

AMAG produces a wide range of specialised aluminium products, with more than half designed for high-value applications in sectors such as automotive and aerospace. The company recorded research and development spending equivalent to 1.6% of revenue in 2024, representing the highest R&D intensity among western aluminium producers.

The investment programme includes the development of advanced rolled and cast aluminium products for use in industries including aviation, automotive manufacturing, construction, mechanical engineering, packaging, sporting goods and lighting.

Beyond strengthening industrial innovation and digital transformation, the EIB financing also contributes to European Union efforts to ensure a stable and sustainable supply of critical raw materials such as aluminium. The operation is supported by the InvestEU programme, which promotes investment in strategic sectors across the European Union.

Background information  

EIB The EIB Group

The European Investment Bank (ElB) Group is the long-term financing institution of the European Union, owned by its Member States. In 2025, the EIB Group signed €100 billion of new financing for over 870 high-impact projects in eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, strong global partnerships and the savings and investment union. High-quality, up-to-date photos of the organisation’s headquarters for media use are available here.

InvestEU

The InvestEU programme provides the European Union with long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps to crowd in private investment for the European Union’s strategic priorities such as the European Green Deal and the digital transition. InvestEU brings all EU financial instruments previously available for supporting investments within the European Union together under one roof, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is deployed through implementing partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

AMAG Austria Metall AG

About AMAG Group AMAG is a leading Austrian premium supplier of high-quality cast and rolled aluminium products used in a wide range of industries, including the aircraft, automotive, sporting goods, lighting, mechanical engineering, construction, and packaging industries. The Canadian smelting company Alouette, in which AMAG holds a 20 percent stake, produces high-quality primary aluminium with an exemplary life cycle assessment. The AMAG components division, headquartered in Übersee am Chiemsee, combines expertise and many years of experience in the production of ready-to-install metal parts for the aerospace industry. Follow us on Facebook, LinkedIn, YouTube, Instagram, TikTok

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Clara Wanjek-Bauer
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SOURCE: European Investment Bank