We are boosting the economy

We finance investments of German and European companies both at home and abroad, contributing to job security and prosperity in Germany and Europe. At the same time, we strengthen Europe’s competitiveness in the global marketplace.

• The global heating transition: KfW IPEX-Bank is providing heating technology provider Vaillant with financing of EUR 118 million for its research and development activities. The financing will be used to develop innovative heating systems, in particular climate-friendly heat pumps. The financing ties in with KfW IPEX-Bank’s mission as a transformation bank to help take forward-looking projects in the energy and heating transition to the next stage.
• Steel production also needs to become more sustainable. That is why KfW IPEX-Bank is contributing financing of USD 150 million for a new state-of-the-art, energy-efficient rebar steel mill in Osceola, Arkansas. The mill is being built by Hybar, a scrap metal recycling and steel production company focused on environmentally friendly steel production. The facility will be used, among other things, to finance low-emission and energy-efficient technology, which is being supplied from Germany by the SMS Group. The mill has a very low CO2 footprint, cutting emissions by up to 50 per cent compared with other rebar steel mills. The mill will also be directly connected to a solar park, thus enabling 100% operation with renewable energy.