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BNL Gruppo BMP Paribas sets up “positive loan” for LU-VE Group

Value of loan is 40 million euros, company says

ROME, Italy, 16 June 2020: BNL Gruppo BNP Paribas has set up a “positive loan” of 40 million euros for LU-VE Group, which produces static and ventilated heat exchangers for the refrigeration, air conditioning and industrial process cooling markets. LU-VE Group made this announcement through a Press release.

LU-VE said it has 3,200 qualified employees, 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, LU-VE said. In particular, in the context of environmental sustainability, LU-VE said it is increasing its use of natural refrigerant fluids, such as carbon dioxide, ammonia and propane, with zero or very low ODP (Ozone Depleting Potential) and GWP (Global Warming Potential) in its heat exchangers, replacing the hydrocarbons (HFCs), thus meeting the green requirements of customers.

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