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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)
26/01/2005 : € 15,000,000
26/01/2005 : € 15,000,000
17/11/2004 : € 15,000,000
8/07/2004 : € 20,000,000
5/12/2003 : € 40,000,000
Link to source
Data sheet
MECHATRONIK STOLLBERG
Other links
Summary sheet
Mechatronik Stollberg

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.

Link to source
Summary sheet
Mechatronik Stollberg
Other links
Data sheet
MECHATRONIK STOLLBERG

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).

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.

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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 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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