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MICHELIN BRASIL

Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Brazil : € 40,000,000
Industry : € 40,000,000
Signature date(s)
20/09/2006 : € 40,000,000
Link to source
Data sheet
MICHELIN BRASIL
Other links
Summary sheet
Michelin - Tyre and Steel Cord for Tyres Production Plants

Summary sheet

Release date
4 May 2005
Status
Reference
Signed | 20/09/2006
20040564
Project name
Promoter - financial intermediary
Michelin - Tyre and Steel Cord for Tyres Production Plants
Michelin
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million.
EUR 82 million.
Location
Sector(s)
Description
Objectives

Capacity increases at two existing production plants of Michelin Brasil, one for truck and bus tyres and one for steel wires and steel cord for tyre production.

To strengthen the promoter’s presence in the world tyre market and improve its global competitiveness while promoting economic growth in Brasil.

Environmental aspects
Procurement

The Bank’s appraisal will assess the state of the environmental approval procedure and the action required by the competent authorities, as well as the environmental features of the project.

N.A.

Comments

Automotive industry.

Link to source
Summary sheet
Michelin - Tyre and Steel Cord for Tyres Production Plants
Other links
Data sheet
MICHELIN BRASIL

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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.

Zero tolerance against fraud and corruption

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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