Release date: 28 April 2004
Promoter – Financial Intermediary
A private sector tyre manufacturer.Location
Description
The project concerns an upgrade of the promoter’s tyre manufacturing facilities at an existing plant in Portugal.
Objectives
Extension of the promoter’s product range to meet evolving market requirements; contribute to regional development through job creation.
Comments
Supplier to car industry.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 15 million.
Total cost (Approximate amount)
c. EUR 30 million
Environmental aspects
The project is designed to meet all relevant environmental laws and regulations. The existing operations are certificated under ISO 14001.
Procurement
Promoter’s procurement procedures follow good industry practice; EU procurement directives not applicable.
Status
Signed - 28/09/2004
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).