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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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