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Signature(s)

Amount
€ 119,000,000
Countries
Sector(s)
Germany : € 119,000,000
Industry : € 119,000,000
Signature date(s)
10/12/2002 : € 50,000,000
6/01/2003 : € 69,000,000
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
30 January 2002
Status
Reference
Signed | 10/12/2002
20010281
Project name
Promoter - financial intermediary
Sonae Nettgau
Sonae SGPS SA.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 119 million
EUR 239 million
Location
Sector(s)
Description
Objectives

The operation concerns the construction of a new particleboard and oriented strand board (OSB) mill.

The project, which is located in an Objective 1 region, will have positive employment effects and generate significant cost savings for the promoter, who is a world leader in the production of wood-based panels. Furthermore, the project will entail environmental benefits, as it partially uses recycled wood and, thereby, reduces pressure on forest resources. 

Environmental aspects
Procurement

This industry is not subject to Council Directive 97/11 on EIA. However, the German legislation (BIMSCHG) requires a full environmental assessment procedure for this industry (incl. public hearing), which has been performed by the promoter. The plant is adapted to use recycled wood and, thereby, contributes to the reduction of pressure on natural resources.

The promoter is a private company and utilises procurement procedures, which are usual in the industry and fully satisfactory to the Bank.

Comments

Wood-based panel industry

Link to source
Summary sheet
Other links

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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Alternatively, the EIB can be contacted through its external offices.
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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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