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    Reference: 20130532
    Release date: 16 January 2014

    Promoter – Financial Intermediary

    CORTICEIRA AMORIM SGPS SA

    Location

    Description

    The project concerns Amorim’s RDI investment programme for research, innovation and product development (cork industry), including energy efficiency, environment protection and safety. The project is expected to be carried out at the promoter’s dedicated technology centres and production plants in Portugal, in partnership with Portuguese and EU universities or other research centres.

    Objectives

    The promoter is a leading manufacturer of cork products for the European and world markets. The proposed project comprises Group RDI activities, as well as modernisation programmes and new production lines in Portugal, all in convergence regions.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 35 million

    Total cost (Approximate amount)

    EUR 74 million

    Environmental aspects

    Depending on their size and location, some sub-projects may fall under Annex II of EIA Directive 2011/92/EU. The proposed investments are all on existing RDI or production sites and are of a limited scale. As such, they are unlikely to require an EIA. However, the impact of each sub-project and the cumulative impact on each site will be reviewed at appraisal, and confirmation will be sought from the Competent Authority where appropriate.

    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 - 12/12/2014

    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

    Portugal Industry