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Signature(s)

Amount
€ 64,000,000
Countries
Sector(s)
Slovakia : € 64,000,000
Industry : € 64,000,000
Signature date(s)
26/06/2003 : € 64,000,000
Link to source

Summary sheet

Release date
1 October 2003
Status
Reference
Signed | 26/06/2003
20020287
Project name
Promoter - financial intermediary
SCP Ružomberok Paper Mill
Neusiedler SCP, a.s.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 120 million.
About EUR 240 million
Location
Sector(s)
Description
Objectives

The project consists of increasing the production capacity of paper machine 18 and the pulp mill including significant upgrades in finishing and logistics.

To optimise the competitive position of the mill in the uncoated wood free markets (mainly office communication papers) by increasing production output which is mainly used for exports.

Environmental aspects
Procurement

The Slovakian Authorities required an Environmental Impact Assessment with public consultations. These were performed and a final positive statement was issued in May 2002. The entire project and in particular the reconstruction of the pulp line and the new boiler, involving modern technology, will bring significant improvements in terms of atmospheric and liquid emissions. The technical standards retained by the promoter are in line with international standards.

Equipment and services will be supplied by the specialised engineering companies using international negotiations. This procedure, which is usual in this industry, is in the best interests of the project and in line with the Bank’s procurement policy for private industry projects.

Link to source

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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