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

        SANDVIK RDI II

        Signature(s)

        Amount
        € 250,000,000
        Countries
        Sector(s)
        Germany : € 25,000,000
        Finland : € 62,500,000
        Sweden : € 162,500,000
        Industry : € 250,000,000
        Signature date(s)
        13/12/2011 : € 25,000,000
        13/12/2011 : € 62,500,000
        13/12/2011 : € 162,500,000

        Summary sheet

        Release date
        23 August 2011
        Status
        Reference
        Signed | 13/12/2011
        20100699
        Project name
        Promoter - financial intermediary
        Sandvik RDI II

        Sandvik AB

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 280 million
        EUR 566 million
        Location
        Sector(s)
        Description
        Objectives

        The project concerns parts of the promoter’s broader investments in research, development and innovation (RDI). The selected activities relate on the one hand to the research and development of new materials, technologies and products. Secondly, the project comprises investments in the innovation of the existing products in the areas of tools for industrial production, and mining and construction equipment. The project aims at the overall improvement of the productivity of the operations of the promoter’s customers through higher product quality, speed, safety, flexibility as well as cost competitiveness. In parallel there is a strong consideration of environmental sustainability issues in terms of energy consumption, longer product lives, recyclability of materials and overall utilisation of resources.

        The R&D investments in new materials, product and process technologies are expected to lead to an improvement of productivity, environmental sustainability (e.g. through the reduction of energy used and the increase of raw materials recycled) and working conditions (increased ergonomics and safety of operators) at the manufacturing processes or in the final products where the results of this R&D project will find application.

        Environmental aspects
        Procurement

        The project concerns investments in research and development 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 and 2003/35/EC. The related facilities are already covered by appropriate environmental authorisations. Overall, the project is considered acceptable with no negative residual impacts, and some products of the programme will contribute to more energy efficient and safer solutions

        The promoter is a private sector company operating in the manufacturing sector not covered by EU Directives on procurement. The company’s policies to incorporate environmental and social factors in the supply chain management and those to prevent corruption and anti-competitive practices are considered acceptable.

        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