Euro Group is the world's leading manufacturer and seller of stator and rotor laminations for electric motors and generators whose applications range from automotive, to home automation, to household appliances and beyond. The Italian holding company operates and has production sites (Eurtranciatura, Alcast, Corrada, Euroslot, Saf, etc.) in several countries, employs over 1,700 people and has a turnover of over € 330 million (2017).
SIMEST and SACE granted a loan (and insurance coverage) of € 14.5 million to the Mexican division of Euro Group for the purchase of machinery and technology to increase the production capacity of plants located in the country. Euro Group has had a presence in Mexico for more than 12 years through Eurotranciatura Mexico. Eurotranciatura Mexico's new machinery fleet includes fast presses from 125 to 600 tons for blanking with progressive dies(loose or packed lamination technology), punching presses, annealing and bluization capabilities for blanked laminations, presses for rotor die-casting (vertical and horizontal), slinky lines for production of alternator stator packs destined for the automotive industry.