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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

    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.

    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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