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Signature(s)

Amount
€ 95,000,000
Countries
Sector(s)
Belgium : € 95,000,000
Industry : € 95,000,000
Signature date(s)
31/03/2010 : € 95,000,000
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Summary sheet

Release date
13 October 2009
Status
Reference
Signed | 31/03/2010
20090445
Project name
Promoter - financial intermediary
AGC Glass Technology RDI
AGC Flat Glass Europe SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 95 million
EUR 195.6 million
Location
Sector(s)
Description
Objectives

Investments in the new R&D centre near Charleroi, R&D activities on float glass processing and glass products and up-grading of a production line to include solar glass capabilities in Moustier, Belgium.

The investments will help the promoter to face the technological challenges that the industry is facing.

Environmental aspects
Procurement

A portion of the project concerns investments in RDI activities and manufacturing capacity (upgrade of a production line ) that are expected to be carried out in existing facilities already authorised, in which case an Environmental Impact Assessment (EIA) would not be required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. However, the Bank’s services will verify details and especially those related to the location of the R&D facilities during the project‘s due diligence. Another portion of the investment concerns the construction of a new R&D Centre which is expected to fall under Annex II of the above EU directive meaning that an EIA is at the discretion of the national competent authority. It will be verified during appraisal whether the competent authority has required an EIA and its status.

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

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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).

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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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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.

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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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