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        FLSMIDTH RDI

        Signature(s)

        Amount
        € 59,001,005.71
        Countries
        Sector(s)
        Denmark : € 59,001,005.71
        Industry : € 59,001,005.71
        Signature date(s)
        17/12/2007 : € 59,001,005.71

        Summary sheet

        Release date
        7 September 2007
        Status
        Reference
        Signed | 17/12/2007
        20070282
        Project name
        Promoter - financial intermediary
        FLSmidth RDI
        FLSmidth & Co A/S
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Loan of up to EUR 72 million (50%)
        Approximately EUR 145 million.
        Location
        Sector(s)
        Description
        Objectives

        RDI investments in equipment and tooling for industrial production and mining.

        Developing innovative products as well as production processes for the cement and mining industries. Special emphasis would be on developing technologies with reduced environmental impact, mainly reduction of both atmospheric emissions and energy consumption.

        Environmental aspects
        Procurement

        Environmental Impact Assessments are not required for any of the individual sub-projects composing the investment programme. The company’s operations are certified under the ISO 14001 Environmental Management System standards.

        The output of the investment programme would be associated with significant environmental benefits: one of its targets is the development of technologies that reduce the environmental impact of production processes (in particular atmospheric emissions reduction) and improve their energy efficiency.

        The company is a world leader in the development of the so-called BAT (Best Available Technologies) for the industries to which it is a supplier.

        The company supplies the equipment and services which are necessary to its R&D programme (mainly contracted workforce) using competitive bidding. This procedure, which is usual, is in the best interests of the project and in line with the Bank’s procurement policy for private industry projects.

        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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