Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 220,000,000
Countries
Sector(s)
Hungary : € 15,000,000
Romania : € 15,000,000
Sweden : € 40,000,000
Poland : € 150,000,000
Industry : € 220,000,000
Signature date(s)
9/06/2008 : € 15,000,000
9/06/2008 : € 15,000,000
9/06/2008 : € 40,000,000
9/06/2008 : € 150,000,000
Link to source
Other links

Summary sheet

Release date
3 March 2008
Status
Reference
Signed | 09/06/2008
20070477
Project name
Promoter - financial intermediary
White Goods Capacity Enhancement
White goods producer
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million up to 50% of project cost
EUR 450 million
Description
Objectives

The project concerns investments in (i) research and product development carried out in several European facilities and (ii) and production capacity expansion and upgrade of manufacturing plants located in Poland, Hungary and Romania.

The existing plants are located in the regions of Silesia and Lower Silesia (Poland), of North Great Plain (Hungary) and of North-West (Romania), all defined as Convergence regions within the EU Cohesion Policy 2007-2013. The projects will therefore contribute to the economic development of these regions. Furthermore, the R&D project, supporting the promoter’s competitiveness and contributing to the introduction of new and improved products, will focus on the increase of energy efficiency and ergonomics of existing and new appliances, on materials’ properties and the recyclability of materials and components

Environmental aspects
Procurement

The project’s compliance with all applicable national and EU environmental legislation will be verified during appraisal.

Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify the details during the project’s due diligence.

Link to source
Other links

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.

Media enquiries

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.

Related publications