Release date: 1 October 2003
Promoter – Financial Intermediary
Neusiedler SCP, a.s.Location
Description
The project consists of increasing the production capacity of paper machine 18 and the pulp mill including significant upgrades in finishing and logistics.
Objectives
To optimise the competitive position of the mill in the uncoated wood free markets (mainly office communication papers) by increasing production output which is mainly used for exports.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 120 million.
Total cost (Approximate amount)
About EUR 240 million
Environmental aspects
The Slovakian Authorities required an Environmental Impact Assessment with public consultations. These were performed and a final positive statement was issued in May 2002. The entire project and in particular the reconstruction of the pulp line and the new boiler, involving modern technology, will bring significant improvements in terms of atmospheric and liquid emissions. The technical standards retained by the promoter are in line with international standards.
Procurement
Equipment and services will be supplied by the specialised engineering companies using international negotiations. This procedure, which is usual in this industry, is in the best interests of the project and in line with the Bank’s procurement policy for private industry projects.
Status
Signed - 26/06/2003
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).