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.
Objectives
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.
Comments
Sector(s)
Industry
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
EUR 250 million
Environmental aspects
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.
Procurement
The promoter is a private company, not operating in the utilities sector, and is not covered by EU Directives on procurement.
Status
Signed
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29/12/2009.
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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