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We’re pleased to announce that our project “Innovative and Efficient Coating Development For Magnesium Components” has received funding from The Central Finance and Contracting Agency under European Union Funds Program for European Regional Development Fund support for practical research. More economical and highly effective coating method will allow magnesium to more widely replace aluminum in many more applications and use-cases. As a result, such changes will lead to lower weight of the final products/components, which, respectively, will reduce CO2 emissions and increase product performance. Successful implementation this R&D project, having a budget of EUR 657 139.69, will enable to meaningfully decrease the cost of coating (surface treatment) and, respectively, will lower the cost of forged magnesium wheel production – thus making SMW products more competitive for wider scale commercialization. In addition to wheels, we shall offer various other magnesium components comprising environmentaly-friendly and sustainable (climate positive impact) solutions across several different industries. “Innovative and Efficient Coating Development For Magnesium Components” will be completed by mid-2022.