International Electronics & Engineering S.A. (IEE)
Location
Luxembourg
Description
The project concerns investments for research and product development in the field of sensing technology. The focus of R&D will be on sensing technologies for both automotive safety application (namely passenger and pedestrian safety) and for other sensing systems applications (automotive comfort & convenience, handheld mobile devices, other consumer and industrial applications).
Objectives
The project will contribute to the promoter’s and its research partners’ knowledge about sensing technologies, and supports the development of new applications, not only in the automotive safety field but also in other consumer and industrial fields.
Comments
Sector(s)
Industry
Proposed EIB finance (Approximate amount)
EUR 40 million.
Total cost (Approximate amount)
EUR 80 million.
Environmental aspects
The project concerns investments in research and development that will be carried out in existing facilities already authorised. An EIA therefore is not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC. Overall the project is expected to have a neutral impact on the environment.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed
-
23/07/2008.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
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