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    Signature(s)

    Amount
    € 45,000,000
    Countries
    Sector(s)
    Finland : € 45,000,000
    Industry : € 45,000,000
    Signature date(s)
    27/03/2018 : € 45,000,000

    Summary sheet

    Release date
    15 December 2017
    Status
    Reference
    Signed | 27/03/2018
    20170819
    Project name
    Promoter - financial intermediary
    VALMET - AUTOMATION RDI
    VALMET OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 45 million
    EUR 98 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the promoter's investments in Research, Development and Innovation (RDI) in the field of Automation systems and solutions primarily for applications to pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. The RDI activities will be carried out mainly in the promoter's RDI centres in Finland during the period 2018-2021.

    The project aims to enhance competitiveness and improve the efficiency of the promoter's products and processes.

    Environmental aspects
    Procurement

    The project activities do not fall under any of the annexes of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU; moreover they are expected to be carried out in existing facilities already authorised that will not change their scope due to the project. As such it is unlikely that the local environmental competent authorities have required an Environmental Impact Assessment (EIA) for the project. However, the environmental details will be assessed during the appraisal.

    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 2014/25/EC), 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 (Directive 2014/25/EC and Directive 92/13/EEC) as interpreted by the Court of Justice of the European Union, with publication of tender notices in the Official Journal of the European Union, as and where required.

    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) - VALMET - AUTOMATION RDI
    Publication Date
    7 Jun 2018
    Document language
    Main Topic
    Lending
    Document Number
    80184950
    Document Focus
    Environmental Information
    Project Number
    20170819
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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