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

    Signature(s)

    Amount
    € 70,000,000
    Countries
    Sector(s)
    Portugal : € 3,394,774
    Turkey : € 5,498,008
    Czech Republic : € 16,588,763
    Spain : € 44,518,455
    Industry : € 70,000,000
    Signature date(s)
    24/08/2012 : € 3,394,774
    24/08/2012 : € 5,498,008
    24/08/2012 : € 16,588,763
    24/08/2012 : € 44,518,455

    Summary sheet

    Release date
    29 September 2011
    Status
    Reference
    Signed | 24/08/2012
    20090768
    Project name
    Promoter - financial intermediary
    Grupo Antolin RDI & Convergence

    GRUPO ANTOLIN

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 70 million
    EUR 146 million
    Description
    Objectives

    The project comprises RDI investments for the development of new, light-weight vehicle interior components. Additionally, the project includes investments in technology implementation for higher productivity, flexibility, process cost reduction, and energy efficiency in Convergence regions.

    The project consists of two parts: first, investments in Research, Development and Innovation (RDI) for the development of new, light-weight vehicle interior components (door panels, roofs and headliners, cockpits and seat modules). The main project objectives are weight reduction and improved safety features of the components, and dedicated research in areas such as new materials, nanofibres, bioplastics and recyclability, and further integration of electronics.

    In addition, the second part of the project comprises investments in technology implementation for higher productivity, flexibility, process cost reduction, and energy efficiency in the promoter’s plants in Convergence regions.

    Environmental aspects
    Procurement

    The innovation and product development related part of the project concerns activities that will be carried out in existing facilities already authorised. An EIA is therefore not required by EIA Directive 85/337/EC, amended by Directive 97/11/EC and 2003/35/EC. The capital investments of the project will cover activities that are not expected to have a negative impact on the environment. The Bank’s services will verify whether or not an EIA is required.

    The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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