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    Signature(s)

    Amount
    € 35,000,000
    Countries
    Sector(s)
    Portugal : € 35,000,000
    Industry : € 35,000,000
    Signature date(s)
    12/12/2014 : € 35,000,000
    Link to source

    Summary sheet

    Release date
    16 January 2014
    Status
    Reference
    Signed | 12/12/2014
    20130532
    Project name
    Promoter - financial intermediary
    CORTICEIRA AMORIM RDI
    CORTICEIRA AMORIM SGPS SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 35 million
    EUR 74 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns Amorim’s RDI investment programme for research, innovation and product development (cork industry), including energy efficiency, environment protection and safety. The project is expected to be carried out at the promoter’s dedicated technology centres and production plants in Portugal, in partnership with Portuguese and EU universities or other research centres.

    The promoter is a leading manufacturer of cork products for the European and world markets. The proposed project comprises Group RDI activities, as well as modernisation programmes and new production lines in Portugal, all in convergence regions.

    Environmental aspects
    Procurement

    Depending on their size and location, some sub-projects may fall under Annex II of EIA Directive 2011/92/EU. The proposed investments are all on existing RDI or production sites and are of a limited scale. As such, they are unlikely to require an EIA. However, the impact of each sub-project and the cumulative impact on each site will be reviewed at appraisal, and confirmation will be sought from the Competent Authority where appropriate.

    The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.

    Link to source
    Summary sheet

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - CORTICEIRA AMORIM RDI
    Publication Date
    4 Jun 2014
    Document language
    Main Topic
    Lending
    Document Number
    53103917
    Document Focus
    Environmental Information
    Project Number
    20130532
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - CORTICEIRA AMORIM RDI
    Publication Date
    21 Jan 2020
    Document language
    Main Topic
    Lending
    Document Number
    92194927
    Document Focus
    Environmental Information
    Project Number
    20130532
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    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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    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.

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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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