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Summary sheet

Release date
1 September 2025
Status
Reference
Under appraisal | 13/05/2025
20240905
Project name
Promoter - financial intermediary
TECHEU AMAG ALUMINIUM RDI
AMAG AUSTRIA METALL AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
EUR 168 million
Location
Sector(s)
Description
Objectives

The project will finance the promoter's research and development (R&D) activities and related direct investments, including digitalisation measures in Austria over the period 2025 - 2028.

The aim is to support the promoter's long-term competitiveness by creating innovative rolled and cast aluminium products that meet customer requirements and key industry trends, while also increasing the productivity of their manufacturing processes. If successful, the outcome of the R&D activities will bring positive environmental and climate impacts, such as fossil fuels substitutes and increased circularity.

Environmental aspects
Procurement

The R&D activities will be carried out in existing R&D and manufacturing facilities without changing their authorised scope. Therefore, they are not expected to require an Environmental Impact Assessment (EIA) or screening decisions under the directive 2014/52/EU amending directive 2011/92/EU. The digitalisation measures also do not require an EIA or a screening decision.

The promoter is a private company not operating in the utilities sector and does not have the status of a contracting authority. It is thus not subject to EU rules on public procurement.

Milestone
Under appraisal
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).

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.

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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 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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