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Signature(s)

Amount
€ 110,000,000
Countries
Sector(s)
Germany : € 28,600,000
France : € 81,400,000
Industry : € 110,000,000
Signature date(s)
16/04/2018 : € 28,600,000
16/04/2018 : € 81,400,000

Summary sheet

Release date
18 September 2017
Status
Reference
Signed | 16/04/2018
20170238
Project name
Promoter - financial intermediary
VALLOUREC RDI DIGITALIZATION AND INVESTMENTS
VALLOUREC SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 110 million
EUR 230 million
Location
Sector(s)
Description
Objectives

Financing Vallourec's European RDI in the context of their competitiveness plan covering the years 2017 - 2020. The project comprises product and process RDI, including digitalization activities, as well as related RDI capital expenditures.

The project covers the promoter's RDI operational and capital expenditures related to steel tubes and pipes manufacturing. The project's RDI activities are carried out in the fields of (i) development of new tubular solutions and (ii) manufacturing and product digitalization.

Environmental aspects
Procurement

The project concerns RDI expenditures to be carried out in existing industrial facilities already authorized for such purpose and are therefore not expected requiring an Environmental Impact Assessment (EIA) under the Directive 2014/52/EU.

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2014/24/EU), then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (2014/24/EU, where applicable, as well as Directive 92/13/EEC), as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU (OJEU), as and where required.

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) - VALLOUREC RDI INVESTMENTS AND DIGITALIZATION
Publication Date
8 Nov 2017
Document language
Main Topic
Lending
Document Number
76704830
Document Focus
Environmental Information
Project Number
20170238
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - VALLOUREC RDI INVESTMENTS AND DIGITALIZATION - Etude d'Impact
Publication Date
8 Nov 2017
Document language
Main Topic
Lending
Document Number
79679746
Document Focus
Environmental Information
Project Number
20170238
Sector(s)
Regions
Countries
Publicly available
Download now

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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