Release date: 15 May 2002
Promoter – Financial Intermediary
Pirelli Pneus S.A.Location
Description
The project consists in the extension and modernization of an existing plant to produce radial tyres for light vehicles.
Objectives
The project aims at producing radial tyres, mainly for the South American market.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 45 million
Total cost (Approximate amount)
EUR 153 million
Environmental aspects
The promoter aims at complying fully with local environmental regulation and requirements, and at applying best EU standards when no other regulation is available both in the design of the project and in its implementation. This type of modernisation project generally has only a moderate impact on the environment.
Procurement
Engineering and supervision works are done in-house or as part of works or supply contracts. Civil engineering contracts were awarded following national competitive enquiries. Contracts for supply of equipment and related services were generally awarded following international competitive enquiries, except for cases, where proprietary technology is involved.
Status
Signed - 6/06/2003