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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
Link to source

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.

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) - 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
Environmental and Social Completion Sheet (ESCS) - VALMET - AUTOMATION RDI
Publication Date
21 Dec 2022
Document language
Main Topic
Lending
Document Number
164785334
Document Focus
Environmental Information
Project Number
20170819
Sector(s)
Regions
Countries
Publicly available
Download now

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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.
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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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