Release date: 6 September 2017
Promoter – Financial Intermediary
SCM Group S.p.A.Location
Description
Financing of SCM Group investments in research, development and innovation (RDI). The activities will be carried out in Italy over the period 2017 to 2020.
Objectives
The project will contribute to increase the promoter's knowledge and know-how in the fields of: a) machinery and systems to process a wide variety of materials as wood, plastic, glass, stone, metal and composites b) mechanical and electric components c) improvement of the internal manufacturing processes
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 103 million
Environmental aspects
The project concerns investments in research and development expected to be carried out in existing facilities that will not change their already authorized scope and would therefore not require an EIA.
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 being subject to EU rules on public procurement.
Status
Signed - 18/12/2017
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).