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    Signature(s)

    Amount
    € 20,000,000
    Countries
    Sector(s)
    Poland : € 640,000
    Germany : € 5,460,000
    Finland : € 13,900,000
    Industry : € 20,000,000
    Signature date(s)
    11/11/2016 : € 640,000
    11/11/2016 : € 5,460,000
    11/11/2016 : € 13,900,000
    Link to source

    Summary sheet

    Release date
    28 October 2016
    Status
    Reference
    Signed | 11/11/2016
    20160380
    Project name
    Promoter - financial intermediary
    VALMET AUTOMOTIVE
    VALMET AUTOMOTIVE OY
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 20 million
    EUR 42 million
    Location
    Sector(s)
    Description
    Objectives

    Investment programme including activities for rooftop systems' product and manufacturing process development and engineering as well as investments for the upgrade of IT, supply chain, utilities and facilities infrastructure with a view to improving energy efficiency and environmental impact

    The project is expected to increase the promoter's know-how and innovativeness in the field of automotive product and manufacturing process development and engineering.

    Environmental aspects
    Procurement

    The project concerns investments in research, development and innovation (RDI) as well as capital expenditures for IT, supply chain and infrastructure upgrade that are expected to be carried out in existing facilities already authorised for the same purposes in Finland, Germany and Poland. Full environmental details will be checked during the appraisal.

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

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