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Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Poland : € 19,000,000
Italy : € 56,000,000
Industry : € 75,000,000
Signature date(s)
30/12/2010 : € 19,000,000
30/12/2010 : € 56,000,000
Link to source
Other links
Summary sheet

Summary sheet

Release date
8 February 2010
Status
Reference
Signed | 30/12/2010
20090553
Project name
Promoter - financial intermediary
Indesit Company R&D

Indesit Company S.p.A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 75 million
Approximately EUR 155 million
Location
Sector(s)
Description
Objectives

The project covers the promoter’s RDI investment in the area of household appliances, namely to improve their user friendliness and environmental characteristics and the modernisation of some production facilities located in convergence regions.

The project is expected to bring about positive environmental results, as it focuses on developing innovative solutions to reduce water and energy consumption and to adopt recycled materials in the production process.

Environmental aspects
Procurement

Investments in research, development and innovation are expected to be carried out in existing facilities already authorised, in which case an EIA would not be required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. Part of the project covers the revamping of production facilities. The production of households’ appliances is not listed in EIA Directive 97/11. No environmental problems are expected from this project. However, the Bank’s services will check compliance with applicable environmental regulations of production plants and operations during the project’s due diligence.

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

Link to source
Summary sheet
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).

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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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