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Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Poland : € 30,000,000
Industry : € 30,000,000
Signature date(s)
26/11/2010 : € 30,000,000
Link to source

Summary sheet

Release date
20 August 2008
Status
Reference
Signed | 26/11/2010
20080209
Project name
Promoter - financial intermediary
Brembo Production Facility Enhancement

Brembo SPA

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
up to EUR 25 million.
EUR 52.90 million.
Location
Sector(s)
Description
Objectives

The project concerns the capacity expansion of the existing foundry plant placed within Brembo’s manufacturing site in Dąbrowa Górnicza, near Katowice. At the plant, the promoter produces brake discs for cars and industrial vehicles.

The project aims at the expansion, from some 70k tons to approximately 130k tons of iron casting and will be realised through the construction of a new building, adjacent to the existing foundry hall, and the installation of a new production line. The new foundry plant capacity is planned to replace external supplies of iron castings and to provide spare capacity to support further production expansion of the manufacturing plant. The project will assist the promoter to complete its vertical integration and thus reinforce its competitive position. It will contribute to the regional development of Silesia, by enhancing its industrial and manufacturing capabilities. Furthermore, it will create additional jobs.

Environmental aspects
Procurement

Ferrous metal foundries are listed in Annex II of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC and the promoter expects that an EIA will be required by the competent authority during the building permission phase.The relevant building permission and EIA or its waiver (screening out) from the competent authority following the appropriate public procedures, will be included in the disbursement conditions of the project.The new foundry will be built as an extension to the existing one located on an industrial “brown field” site. Already during the initial setup of the Brembo plant on the area, intensive investigations were carried out for residual pollution and for geological stability and no problems were detected.

The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives 2004/18/CE. Procurement procedures followed by the promoter (international and local competitive negotiation procedures) are in the best interest of the project and acceptable to the Bank.

Link to source

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).

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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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