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Signature(s)

Amount
€ 45,000,000
Countries
Sector(s)
Brazil : € 45,000,000
Industry : € 45,000,000
Signature date(s)
6/06/2003 : € 45,000,000
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Summary sheet

Release date
15 May 2002
Status
Reference
Signed | 06/06/2003
20000248
Project name
Promoter - financial intermediary
Feira de Santana Tyres
Pirelli Pneus S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 45 million
EUR 153 million
Location
Sector(s)
Description
Objectives

The project consists in the extension and modernization of an existing plant to produce radial tyres for light vehicles.

The project aims at producing radial tyres, mainly for the South American market.

Environmental aspects
Procurement

The promoter aims at complying fully with local environmental regulation and requirements, and at applying best EU standards when no other regulation is available both in the design of the project and in its implementation. This type of modernisation project generally has only a moderate impact on the environment.

Engineering and supervision works are done in-house or as part of works or supply contracts. Civil engineering contracts were awarded following national competitive enquiries. Contracts for supply of equipment and related services were generally awarded following international competitive enquiries, except for cases, where proprietary technology is involved.

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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).

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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