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        MECHATRONIK STOLLBERG

        Signature(s)

        Amount
        € 105,000,000
        Countries
        Sector(s)
        Germany : € 105,000,000
        Industry : € 105,000,000
        Signature date(s)
        17/11/2004 : € 15,000,000
        26/01/2005 : € 15,000,000
        26/01/2005 : € 15,000,000
        8/07/2004 : € 20,000,000
        5/12/2003 : € 40,000,000

        Summary sheet

        Release date
        9 January 2004
        Status
        Reference
        Signed | 05/12/2003
        20030309
        Project name
        Promoter - financial intermediary
        Mechatronik Stollberg
        Two major companies from the automotive sector holding a 50%-share each.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 105m.
        n/a
        Location
        Sector(s)
        Description
        Objectives

        This project comprises the set-up and operation of a green-field manufacturing plant for components of fuel injection systems for vehicle diesel engines in Stollberg, Saxony.

        The loan will finance the green-field development of a new manufacturing plant in Stollberg, Saxony, and a related research and development project in Regensburg, Bavaria, in the area of fuel-injection systems.The sub projects under this operation are eligible for Bank financing under Article 267 point a) regional development and point c): i2i.

        Environmental aspects
        Procurement

        The project is seen as complying with environmental regulations. The fuel injection system to be produced at this new plant helps to reduce fuel consumption and tailpipe emissions of diesel engines.

        Procurement regulations do not apply to this private industry project. The promoter carries out competitive enquiries among potential suppliers for goods and services, as is usual in the industry.

        Comments

        Automotive supply industry.

        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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        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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        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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