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    Signature(s)

    Amount
    € 35,000,000
    Countries
    Sector(s)
    Finland : € 35,000,000
    Industry : € 35,000,000
    Signature date(s)
    12/12/2012 : € 35,000,000

    Summary sheet

    Release date
    10 September 2012
    Status
    Reference
    Signed | 12/12/2012
    20110018
    Project name
    Promoter - financial intermediary
    RAUTARUUKKI STEEL PRODUCTS (RSFF)
    RAUTARUUKKI OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 35 million
    EUR 82 million
    Location
    Sector(s)
    Description
    Objectives

    Investments in research, development and innovation related to steel products, production processes and new product applications during the period of 2012-15.

    The project aims at developing new special steel products and product applications as well as improving sustainability and efficiency of the production processes.

    Environmental aspects
    Procurement

    The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised for the same purpose, and would therefore not require an EIA under the Directive 2011/92/EU. Any possible environmental issue will however be verified during the project’s appraisal.

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

    Comments

    The project may be financed under the Risk Sharing Finance Facility (RSFF), which is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - RAUTARUUKKI STEEL PRODUCTS (RSFF)
    Publication Date
    15 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    64128423
    Document Focus
    Environmental Information
    Project Number
    20110018
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - RAUTARUUKKI STEEL PRODUCTS (RSFF)
    Publication Date
    21 Dec 2016
    Document language
    Main Topic
    Lending
    Document Number
    71921247
    Document Focus
    Environmental Information
    Project Number
    20110018
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    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.

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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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