CARRARO GROUP R&D
- Reference: 20120036
- Release date: 21 May 2012
CARRARO SPA
- Italy
The project comprises (i) the promoter's investment in research, development and product / process innovation aimed at developing new, more efficient and better performing drivelines and powertrains, including axels, transmissions and gearboxes mainly for agriculture and construction machines and (ii) the construction of a new R&D centre for drivetrain technology, equipped with test facilities and labs.
The project will support the promoter's long term R&D development strategy aiming at: i) strengthening the in-house know-how in the field of hydraulics, electronics and mecha-tronic system integration, ii) developing more powerful transmissions to increase product range coverage with higher efficiency and lower power dissipation, iii) evolving from axles specialist into a developer of complete systems of electronically controlled transmissions with higher technological content, iv) developing electric-powertrains going in the direction of hybrid systems.
- Industry
EUR 15 million
Total cost (Approximate amount)EUR 33 million
Environmental aspectsThe project concerns investments in Research, Development and Innovation that will be carried out in existing facilities already authorised, for which an Environmental Impact Assessment (EIA) is therefore not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2000/35/EC. The project comprises, partly, the construction of a new R&D and test facility for drives and powertrains, which are likely to fall under Annex II of the EIA Directive. The Bank's services will verify all the environmental details and the decision of the competent authorities during the due diligence.
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the appraisal.
Approved - 24/07/2012.
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).
The project is 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.