Release date: 2 September 2015
Promoter – Financial Intermediary
System SpALocation
Description
The project is an allocation under a global authorisation programme. The promoter's investments include research, development and innovation expenses for the development of machinery and automation solutions with improved flexibility and energy consumption. The research and development (R&D) activities are expected to be carried out in the promoter's R&D facilities in northern Italy.
Objectives
The project is expected to maintain and increase the promoter's know-how and leadership in the field of machinery for ceramic tiles production and in the field of equipment for logistics centres and warehouse automation.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
EUR 40 million
Environmental aspects
The project concerns investments in research, development and innovation (RDI) that are expected to be carried out in existing facilities already authorised for the same purpose. Full environmental details will be checked during the appraisal.
Procurement
The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not subject to EU rules on public procurement.
Status
Signed - 14/04/2016
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).