Release date: 3 March 2003
Location
Description
An investment programme over the period 2002–2006 aiming at expansion and modernisation of production lines for special, high grade steels at the Group’s plants in Austria and Sweden; it will include all necessary R&D supporting advanced processes and product-innovation
Objectives
The company is engaged in intensive R&D in order to meet the evolving customers’ demand with new materials with improved quality characteristics (mechanical properties, purity, endurance to wear, corrosion resistance, etc). The investments proposed under the project are part of the ongoing modernisation and the R&D programme to enable the promoter to realise above objectives.
Comments
Manufacture of basic metals and fabricated metal products
Sector(s)
Proposed EIB finance (Approximate amount)
About EUR 130 million.
Total cost (Approximate amount)
About EUR 300 million.
Environmental aspects
The programme covers various sites and includes elements that are likely to be included in Annex II of Directive 97/11. Compliance with applicable environmental regulation will be reviewed during appraisal. Raw materials’ supply of the plants is based on recycled scraps, which is environmentally positive.
Procurement
The company is expected to supply its equipment and services for the project, amongst the few specialised engineering companies, using international negotiations. This procedure, usual in this industry, would be in the best interest of the project and in line with the Bank’s procurement policy for private industry projects.
Status
Signed - 3/04/2003
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).