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        CAR COMPONENTS RDI (GFI)

        Signature(s)

        Amount
        € 7,500,000
        Countries
        Sector(s)
        Spain : € 7,500,000
        Industry : € 7,500,000
        Signature date(s)
        17/12/2014 : € 7,500,000

        Summary sheet

        Release date
        28 November 2014
        Status
        Reference
        Signed | 17/12/2014
        20140561
        Project name
        Promoter - financial intermediary
        CAR COMPONENTS RDI (GFI)
        Maier S. Coop.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 8 million
        EUR 42 million
        Location
        Sector(s)
        Description
        Objectives

        The investment is for research, development and innovation activities to develop interior and exterior vehicle trim components, addressing the car manufacturer's specific needs in terms of vehicle fuel efficiency, product differentiation and affordability.

        The EIB loan will be used by the promoter to finance its research, development and innovation (RDI) and strategic deployment investments.

        Environmental aspects
        Procurement

        The project concerns investments in research and development (R&D) and technology deployment that are expected to be carried out in existing facilities already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. Full environmental details will be checked during the appraisal.

        The promoter is a private company not operating in the utilities sector and not having a status of a contracting entity. Thus it is not covered by EU rules on procurement.

        Comments

        InnovFin – EU Finance for Innovators is a joint initiative launched by the EIB in cooperation with the European Commission under Horizon 2020. InnovFin consists of a series of integrated and complementary financing tools and advisory services covering the entire value chain of research and innovation in order to support investments from the smallest to the largest enterprise.

        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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        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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