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    Reference: 20130118
    Release date: 27 May 2013

    Promoter – Financial Intermediary

    TUBOS REUNIDOS SA

    Location

    Description

    The project concerns research, development and innovation (RDI) activities on manufacturing of seamless steel tubes. The project aims at developing new steels and steel tube products in order to respond to customer demand, as well as at developing new manufacturing processes for increased product range, flexibility, delivery lead time, quantities and price. The RDI activities will be carried out in the promoter's existing R&D locations at its manufacturing plants in Amurrio (Alava) and Galindo (Vizcaya), Spain.

    Objectives

    The project concerns research, development and innovation activities on seamless steel pipes. The project aims at developing new steels and products in order to respond to customer demand as well as at developing new production processes in order to provide a differential value proposition in terms of range, flexibility, delivery lead time, quantities and price.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 59 million

    Total cost (Approximate amount)

    EUR 119 million

    Environmental aspects

    The project includes research, development and innovation activities that are expected to be carried out in existing facilities already authorised and used for this scope and as such should not require an Environmental Impact Assessment (EIA) as per Directive 2011/92/EU.

    Procurement

    Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the project's due diligence.

    Status

    Signed - 6/11/2013

    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

    Spain Industry