French tableware manufacturer Arc International is to receive €16 million funding from the French and regional governments.
The money must enable the group to carry out its development plan, which aims to strengthen the group's competitiveness, in particular in France where it employs more than 4,500 people.
The plan was agreed after three months of negotiations as part of the Interministerial Committee for Industrial Restructuring (CIRI).
As part of this agreement, the State is contributing €14.7 million, alongside the Hauts-de-France Region (€1 million) and the Agglomeration Community of Pays de Saint-Omer (€0.3 million), in addition to resources provided by the partners of the group and by its shareholder.
The group has also just won the call for projects ‘Decarbonization of processes and utilities in industry’ as part of the France Relance plan.
With this help of €4 million, Arc will be able to replace certain raw materials used in its furnaces with alternative inputs, making it possible to reduce the site's greenhouse gas emissions by approximately 21,000 tonnes of CO2 equivalent per year.