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    Signature(s)

    Amount
    € 65,000,000
    Countries
    Sector(s)
    Italy : € 13,000,000
    Austria : € 15,600,000
    Spain : € 36,400,000
    Industry : € 65,000,000
    Signature date(s)
    16/12/2015 : € 6,300,000
    16/12/2015 : € 6,700,000
    16/12/2015 : € 7,560,000
    16/12/2015 : € 8,040,000
    16/12/2015 : € 17,640,000
    16/12/2015 : € 18,760,000
    Link to source

    Summary sheet

    Release date
    30 July 2015
    Status
    Reference
    Signed | 16/12/2015
    20150436
    Project name
    Promoter - financial intermediary
    TUBACEX INNOVATIVE STEEL TUBE SOLUTIONS
    TUBACEX SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 65 million
    EUR 135 million
    Location
    Sector(s)
    Description
    Objectives

    The project includes the promoter’s investments in research, development and product/process innovation in the field of steel tubular solutions in advanced steel materials.

    The project comprises research and development (R&D) activities in new value-added products as well as investments in advanced manufacturing to define and deploy innovative technologies and production systems to enhance the promoter’s EU-based manufacturing footprint.

    Environmental aspects
    Procurement

    The project's R&D activities are expected to be carried out in existing facilities already authorised and used for this scope and as such should not require an environmental impact assessment (EIA) in accordance with Directive 2011/92/EU. In addition to R&D, the project includes also some innovation activities and the installation of advance manufacturing equipment. Installations for the processing of ferrous metals fall under Annex II of the EIA Directive. It is therefore not excluded at this stage that the local competent authority will require an EIA for some components of the project. All the environmental details will be assessed by the Bank’s services during the due diligence.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not subject to EU rules on public procurement.

    Link to source

    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) - TUBACEX INNOVATIVE STEEL TUBE SOLUTIONS
    Publication Date
    30 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    64467011
    Document Focus
    Environmental Information
    Project Number
    20150436
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - TUBACEX INNOVATIVE STEEL TUBE SOLUTIONS
    Publication Date
    16 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    133277590
    Document Focus
    Environmental Information
    Project Number
    20150436
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    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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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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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