Vitesco Technologies, a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility, has successfully concluded a new €800 million revolving credit facility (RCF) with ESG-Link. By coupling the line of credit with a sustainability component, the credit margin is also linked to the degree to which two sustainability criteria are met. These include the reduction of greenhouse gas emissions and the frequency of occupational accidents in the company. The credit line can be used for general corporate purposes.

Members of the flat-rolled steel supply chain could be excused if they’ve forgotten just what an ordinary year looks like, given the spectacular whipsawing that’s taken place over the past two years. 

In the days since the pandemic, the steel world experienced a near total shutdown in production. That was followed by an unexpectedly rapid increase in demand, one the production community was not equipped to handle.