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    Signature(s)

    Amount
    € 25,000,000
    Countries
    Sector(s)
    Portugal : € 25,000,000
    Credit lines : € 25,000,000
    Signature date(s)
    12/12/2018 : € 25,000,000

    Summary sheet

    Release date
    9 October 2017
    Status
    Reference
    Signed | 12/12/2018
    20170572
    Project name
    Promoter - financial intermediary
    ADVANCED AUTOMOTIVE FABRICS PROJECT PORTUGAL
    ACCEPTABLE CORPORATE(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 25 million
    EUR 57 million
    Location
    Sector(s)
    Description
    Objectives

    The promoter's investment will include mainly capital expenditure related to the installation of a new automotive textile technology plant, by refurbishing an abandoned textile factory. It will also involve research, development and innovation (RDI) activities (capital expenditure and operational expenditure for new product and process technologies), as well as other tangible and intangible capital expenditure.

    The EIB loan will support the promoter's RDI and deployment investments, in line with the company's strategy. The investments are also expected to have a positive impact on the promoter's competitiveness and growth.

    Environmental aspects
    Procurement

    Full environmental details will be assessed during the appraisal.

    The promoter is a private company not operating in the utilities sector and not having the status of a contracting entity. Thus it is not covered by EU rules on procurement.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - ADVANCED AUTOMOTIVE FABRICS PROJECT PORTUGAL
    Publication Date
    13 Nov 2018
    Document language
    Main Topic
    Lending
    Document Number
    78769108
    Document Focus
    Environmental Information
    Project Number
    20170572
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - MIDCAP PROGRAMME LOAN SPAIN AND PORTUGAL 2
    Publication Date
    16 Apr 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    82865488
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170572
    Last update
    16 Apr 2018
    Sector(s)
    Credit lines
    Countries
    Portugal
    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.

    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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