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    Signature(s)

    Amount
    € 36,300,000
    Countries
    Sector(s)
    Germany : € 36,300,000
    Industry : € 36,300,000
    Signature date(s)
    8/04/2003 : € 36,300,000

    Summary sheet

    Release date
    26 March 2003
    Status
    Reference
    Signed | 08/04/2003
    20020496
    Project name
    Promoter - financial intermediary
    Float glass manufacturing plant in Jena, Thuringia
    A leading European glass and special glass production company
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    Approximately EUR 118 million
    Location
    Sector(s)
    Description
    Objectives

    This project concerns the construction and the operation of a float glass production line on the site of an existing plant, including R&D costs related to this innovative project.

    Thuringia is one of Germany’s Eastern Länder, which are covered by Objective 1 for allocations from the EU Structural Funds. The project will result in the creation of some 70 direct jobs. EIB financing of the project is eligible under Article 267 points a) (regional development) and c) (international competitiveness of the European industry) of the EU Treaty. Furthermore, the project contributes to the Innovation 2000 Initiative (i2i) as launched by the EIB following the the European Council meeting in Lisbon.

    Environmental aspects
    Procurement

    Glass furnaces are normally included in Annex II of EU Directive 97/11, which requires a formal Environmental Impact Assessment (EIA). However, the capacity of this one is limited and it will be built in an existing plant. The competent Authorities (Thüringer Landesverwaltungsamt) have decided that an EIA was not required and this decision has been made public and justified.

    The promoter is expected to supply its equipment and services for the project, amongst the few specialised engineering companies, using international negotiations. This procedure, usual in this industry, would be in the best interest of the project and in line with the Bank’s procurement policy for private industry projects.

    Comments

    Manufacture of glass and special glass.

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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