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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Austria : € 50,000,000
Industry : € 50,000,000
Signature date(s)
5/03/2009 : € 25,000,000
29/01/2008 : € 25,000,000
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Summary sheet

Release date
3 April 2006
Status
Reference
Signed | 29/01/2008
20040721
Project name
Promoter - financial intermediary
Modernisierung Zellstofffabrik Pöls
Zellstoff Pöls AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Around EUR 50 million
Around EUR 100 million
Location
Sector(s)
Description
Objectives

The Project consists of the rebuilding and capacity expansion of an existing pulp mill. It comprises a series of improvements in different locations of the mill in order to eliminate bottlenecks of production and improve the efficiency of the mill's single pulp production line.

The Promoter's rebuilding and expansion of its activities in Pöls (Styria) is eligible under Article 267 of the EC treaty, point a) Economic and Social Cohesion - Developing or rationalising economic activity.

Environmental aspects
Procurement

The upgrade and expansion of production facilities fall under Annex I of the Directive 97/11/EC, as amended by 2003/35/EC. The promoter has carried out an Environmental Impact Assessment ("EIA") for the project, which is publicly available. Full environmental details will be assessed during appraisal, including the Natura 2000 requirement.

Public procurement rules and 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.

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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 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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