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Signature(s)

Amount
€ 216,614,318.21
Countries
Sector(s)
Sweden : € 216,614,318.21
Industry : € 216,614,318.21
Signature date(s)
30/08/2006 : € 216,614,318.21
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Summary sheet

Release date
6 June 2005
Status
Reference
Signed | 30/08/2006
20040518
Project name
Promoter - financial intermediary
SCA Paper Products RDI
Svenska Cellulosa Aktiebolaget SCA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Loan of up to SEK 2 000 million (EUR 218 million).
SEK 4 200 million (EUR 457 million).
Location
Sector(s)
Description
Objectives

The project comprises two elements: 1) upgrade and modernisation of an existing pulp mill in Timrå, Central Sweden, and 2) execution of group wide RDI programme.

The proposed investment in the pulp mill, located in an Objective 1 area, is an integral component of the promoter’s supply chain. The RDI component of the project aims at improving and consolidating SCA’s technological leadership.

Environmental aspects
Procurement

The pulp mill project is expected to have positive environmental impact due to reduced emissions. The execution of the RDI programme will have no material environmental impact. All national and EU environmental legislation will be respected.

Public procurement rules and regulations do not apply to this private industry project. The promoter carries out competitive international consultations among potential suppliers for goods and services, which is standard practice for this industry.

Comments

Article 267 point (a) economic and social cohesion and (b) Furthering Private Sector Investments in RDI and Innovation - Implementation of the Innovation 2010 Initiative (i2i).

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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 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.

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