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    Signature(s)

    Amount
    € 95,000,000
    Countries
    Sector(s)
    Belgium : € 95,000,000
    Industry : € 95,000,000
    Signature date(s)
    31/03/2010 : € 95,000,000

    Summary sheet

    Release date
    13 October 2009
    Status
    Reference
    Signed | 31/03/2010
    20090445
    Project name
    Promoter - financial intermediary
    AGC Glass Technology RDI
    AGC Flat Glass Europe SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 95 million
    EUR 195.6 million
    Location
    Sector(s)
    Description
    Objectives

    Investments in the new R&D centre near Charleroi, R&D activities on float glass processing and glass products and up-grading of a production line to include solar glass capabilities in Moustier, Belgium.

    The investments will help the promoter to face the technological challenges that the industry is facing.

    Environmental aspects
    Procurement

    A portion of the project concerns investments in RDI activities and manufacturing capacity (upgrade of a production line ) that are expected to be carried out in existing facilities already authorised, in which case an Environmental Impact Assessment (EIA) would not be required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. However, the Bank’s services will verify details and especially those related to the location of the R&D facilities during the project‘s due diligence. Another portion of the investment concerns the construction of a new R&D Centre which is expected to fall under Annex II of the above EU directive meaning that an EIA is at the discretion of the national competent authority. It will be verified during appraisal whether the competent authority has required an EIA and its status.

    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

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    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.

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    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.

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