Search EN menu en EIB GROUP CLIENT PORTAL
Close EIB GROUP CLIENT PORTAL
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
    Most visited pages

        UPM FOREST PRODUCTS RSFF

        Signature(s)

        Amount
        € 125,000,000
        Countries
        Sector(s)
        Finland : € 125,000,000
        Industria : € 125,000,000
        Signature date(s)
        29/12/2009 : € 125,000,000

        Summary sheet

        Release date
        24 September 2009
        Status
        Reference
        Signed | 29/12/2009
        20080634
        Project name
        Promoter - financial intermediary
        UPM Forest Products RSFF
        UPM-Kymmene Corporation
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 120 million
        EUR 250 million
        Location
        Sector(s)
        Description
        Objectives

        The project concerns investments in Research, Development and Innovation (RDI) related to graphic and special paper, as well as label materials and wood products, covering the period from 2009 to 2013, predominantly taking place in UPM’s RDI facilities in Finland and Germany.

        The project, which focuses on improving current products and processes as well as developing new business areas, helps promote international competitiveness of the promoter through sustained R&D investment.

        Environmental aspects
        Procurement

        The project concerns the continuation of current RDI practice and will be carried out within existing facilities. An EIA will not be necessary according to EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC as long as existing facilities are used. The promoter will be required to assure that provisions of the EIA Directive and those of any other relevant environmental requirements are complied with. Full environmental details will be assessed during the appraisal.

        The promoter is a private company, not operating in the utilities sector, and is not covered by EU Directives on procurement.

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

        Related publications