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    Reference: 20110018
    Release date: 10 September 2012

    Promoter – Financial Intermediary

    RAUTARUUKKI OYJ

    Location

    Description

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

    Objectives

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

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 35 million

    Total cost (Approximate amount)

    EUR 82 million

    Environmental aspects

    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.

    Procurement

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

    Status

    Signed - 12/12/2012

    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).

    Related tags

    Finland Industry