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Loan deal expansion plan for Greek lead-acid maker Sunlight

Mon, 12/03/2018 - 00:00 -- John Shepherd
Sunlight Xanthi factory

Greek lead-acid battery maker Sunlight is to expand manufacturing and new product development boosted by a €12.5 million (US$14.2m) financial shot in the arm from the European Investment Bank (EIB).

Sunlight, part of the Olympia Group, said it will “significantly increase manufacturing capacity” at its plant in Xanthi, northern Greece thanks to the loan— the first support for industrial investment in Greece under a new EIB lending initiative backed by the European Fund for Strategic Investments.

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