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LIGHTWEIGHT METAL COMPONENTS CAPACITY EXPANSION

Summary sheet

Release date
4 March 2025
Status
Reference
Under appraisal | 21/06/2024
20220973
Project name
Promoter - financial intermediary
LIGHTWEIGHT METAL COMPONENTS CAPACITY EXPANSION
PWO AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 15 million
EUR 31 million
Location
Sector(s)
Description
Objectives

The project encompasses a selection of eligible investments undertaken by the promoter for the construction and ramp-up of a new manufacturing site dedicated to the production of lightweight metal components for the automotive sector as well as tools for sheet metal cold forming. The project will be implemented in Cacak (Serbia) over the period between 2024 and 2026.

The aim is to enhance the promoter's competitiveness by improving its cost structure and increasing efficiency through a shortened supply chain. This investment will significantly boost regional development and attract new investors.

Environmental aspects
Procurement

The project involves the construction of a new plant, including the installation and ramp-up of machinery and equipment. If the project were located in the EU, it would not fall under any of the Annexes of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as amended by Directive 2014/52/EU, although the building construction might fall under the Annex II, point 10 (b), in relation to urban development projects. The decision of the competent authorities regarding the EIA other environmental details will be verified during the project's due diligence.

The promoter shall ensure that the project will be implemented in accordance with the EIB's Guide to Procurement.

Milestone
Under appraisal
Link to source
Summary sheet
LIGHTWEIGHT METAL COMPONENTS CAPACITY EXPANSION

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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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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