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        PIRELLI SLATINA TYRE FACTORY

        Signature(s)

        Amount
        € 50,000,000
        Countries
        Sector(s)
        Romania : € 50,000,000
        Industry : € 50,000,000
        Signature date(s)
        20/03/2007 : € 50,000,000

        Summary sheet

        Release date
        26 March 2008
        Status
        Reference
        Signed | 26/03/2008
        20060116
        Project name
        Promoter - financial intermediary
        Pirelli Slatina Tyre Factory

        Pirelli & C SPA

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 50 million.
        EUR 171 million.
        Location
        Sector(s)
        Description
        Objectives

        The project concerns the construction and start of operation of a new plant for the production of high performance tyres for passenger cars and for light commercial vehicles, located in Slatina, Romania (about 180 km west of Bucharest).

        The creation of jobs will significantly contribute to an amelioration of the purchasing power and standard of living in the region. The project is meant to help the promoter to satisfy growing demand for tyres used on vehicles with higher performance and SUVs.

        Environmental aspects
        Procurement

        An Environmental Impact Study (EIS) has been prepared, no complaints had been brought forward and the construction permit was issued. No protected (nature) sites [according to Law 137/1995] are affected by the project. The production processes do not include significant pollution potential.

        The promoter is a private company not operating in the utilities sector and is thus not covered by EU Directives on procurement.

        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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