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    Signature(s)

    Amount
    € 45,000,000
    Countries
    Sector(s)
    Germany : € 9,000,000
    Italy : € 9,000,000
    Finland : € 10,800,000
    France : € 16,200,000
    Industry : € 45,000,000
    Signature date(s)
    21/12/2010 : € 9,000,000
    21/12/2010 : € 9,000,000
    21/12/2010 : € 10,800,000
    21/12/2010 : € 16,200,000

    Summary sheet

    Release date
    19 July 2010
    Status
    Reference
    Signed | 21/12/2010
    20100127
    Project name
    Promoter - financial intermediary
    Ahlstrom Fibre - Products (RSFF)

    Ahlstrom OYJ

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 45 million.
    EUR 109 million.
    Description
    Objectives

    The project concerns investments in research, development and innovation (RDI) related to fibre composites, speciality papers as well as related end use applications starting in 2010 and finishing in 2013.

    The R&D investments focus on improving current products and processes as well as developing new business opportunities.

    Environmental aspects
    Procurement

    The project concerns investment in research and development activities that are expected to be carried out in existing R&D facilities, in which case an EIA should not be required according to Directive 85/337/EC and its amending Directives. However, the promoter will be required to ensure that the provisions of the EIA Directive and those of any other relevant environmental acquis are complied with. Full environmental details will be assessed during the appraisal.

    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.

    Comments

    The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

    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).

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