Italian SIMEST Spa has become a shareholder in Italian merchant bar producer AFV Beltrame Group’s Swiss subsidiary Stahl Gerlafingen AG. With an investment of EUR 15 million, SIMEST, a company of CDP Group that supports the growth of Italian companies in the world, contributes to the international growth and the implementation of an important ecological transition plan for AFV Beltrame GroupThe resources thus provided will make a solid contribution to the realization of the company's ambitious development plan, which provides for total investments of over EUR 58 million and a particular focus on reducing its environmental impact. AFV Beltrame Group has prepared a plan aimed at promoting the increase in the efficiency of the production process through the reduction of energy consumption and increasing the efficiency of plants. The investments will lead to a reduction of about 20 percent in C02 emissions, to which is added a further 10 percent for the hot introduction of raw material and lower energy consumption.Stahl Gerlafingen is the leading Swiss supplier of reinforcing steel products. Stahl Gerlafingen recycles scrap steel from home and abroad in the most modern and technologically advanced plant and produces approx. 668'000 tonnes of structural and reinforcing steel annually. Protection of the environment has always been a primary consideration in all the Group’s operations which extend to the manufacture of reinforcing steel, steel mats and accessories, flat steel bars, universal plate and rolled wire.