Release date: 20 March 2009
Promoter – Financial Intermediary
Leading manufacturer of glass and glass ceramics.Location
Description
The project covers the research on, and the development and downstream industrialisation of new glasses and glass ceramics, glass coating technologies, photovoltaic and solar thermal glass, and glass fibre optic components.
Objectives
The project will enhance R&D on glass technologies in Europe.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
EUR 200 million.
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities. An EIA therefore is not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. Overall, the project is expected to have a neutral impact on the environment, while the commercial product of the activities in the Solar segment will have a positive environmental impact. The Bank’s services will verify details during the due diligence.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed - 13/12/2010