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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Germany : € 75,000,000
    Industry : € 75,000,000
    Signature date(s)
    20/12/2011 : € 75,000,000
    Link to source
    Other links

    Summary sheet

    Release date
    16 May 2011
    Status
    Reference
    Signed | 20/12/2011
    20100615
    Project name
    Promoter - financial intermediary
    JCI Innovative Car Battery

    Johnson Controls Inc.

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

    Research, development and innovation activities in support of manufacturing sites for Johnson Controls Inc. latest generation of lead-acid battery capacities in Germany. In addition to the RDI activities performed in the R&D centre located in Hannover, the project includes the expansion of the manufacturing plant located in Zwickau and the expansion of the recycling plant located in Krautscheid.

    The project supports the development of the new AGM batteries, which is one of the most important elements of the ongoing trends towards electrification in the automotive industry, and the widespread implementation of micro-hybridisation. AGM batteries also display better safety features than those based on conventional technology.

    Environmental aspects
    Procurement

    The project comprises capital investments in manufacturing and recycling plants for automotive batteries as well as related innovation and product development activities, for which Environmental Impact Assessments (EIA) may be required according to the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. To be assessed during the project 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.

    Link to source
    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).

    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.

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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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