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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Germany : € 25,000,000
Finland : € 62,500,000
Sweden : € 162,500,000
Industry : € 250,000,000
Signature date(s)
13/12/2011 : € 25,000,000
13/12/2011 : € 62,500,000
13/12/2011 : € 162,500,000
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
23 August 2011
Status
Reference
Signed | 13/12/2011
20100699
Project name
Promoter - financial intermediary
Sandvik RDI II

Sandvik AB

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 280 million
EUR 566 million
Location
Sector(s)
Description
Objectives

The project concerns parts of the promoter’s broader investments in research, development and innovation (RDI). The selected activities relate on the one hand to the research and development of new materials, technologies and products. Secondly, the project comprises investments in the innovation of the existing products in the areas of tools for industrial production, and mining and construction equipment. The project aims at the overall improvement of the productivity of the operations of the promoter’s customers through higher product quality, speed, safety, flexibility as well as cost competitiveness. In parallel there is a strong consideration of environmental sustainability issues in terms of energy consumption, longer product lives, recyclability of materials and overall utilisation of resources.

The R&D investments in new materials, product and process technologies are expected to lead to an improvement of productivity, environmental sustainability (e.g. through the reduction of energy used and the increase of raw materials recycled) and working conditions (increased ergonomics and safety of operators) at the manufacturing processes or in the final products where the results of this R&D project will find application.

Environmental aspects
Procurement

The project concerns investments in research and development carried out in existing facilities already authorised. An EIA therefore is not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. The related facilities are already covered by appropriate environmental authorisations. Overall, the project is considered acceptable with no negative residual impacts, and some products of the programme will contribute to more energy efficient and safer solutions

The promoter is a private sector company operating in the manufacturing sector not covered by EU Directives on procurement. The company’s policies to incorporate environmental and social factors in the supply chain management and those to prevent corruption and anti-competitive practices are considered acceptable.

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).

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.

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