Summary sheet
An investment programme over the period 2002–2006 aiming at expansion and modernisation of production lines for special, high grade steels at the Group’s plants in Austria and Sweden; it will include all necessary R&D supporting advanced processes and product-innovation
The company is engaged in intensive R&D in order to meet the evolving customers’ demand with new materials with improved quality characteristics (mechanical properties, purity, endurance to wear, corrosion resistance, etc). The investments proposed under the project are part of the ongoing modernisation and the R&D programme to enable the promoter to realise above objectives.
The programme covers various sites and includes elements that are likely to be included in Annex II of Directive 97/11. Compliance with applicable environmental regulation will be reviewed during appraisal. Raw materials’ supply of the plants is based on recycled scraps, which is environmentally positive.
The company is expected to supply its equipment and services for the project, amongst the few specialised engineering companies, using international negotiations. This procedure, usual in this industry, would be in the best interest of the project and in line with the Bank’s procurement policy for private industry projects.
Manufacture of basic metals and fabricated metal products
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).
News & Stories
General enquiries and comments
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.
Media enquiries
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.
Related publications