SCA Paper Products RDI

Promoter – Financial Intermediary

Svenska Cellulosa Aktiebolaget SCA

Location

• Sweden

Description

The project comprises two elements: 1) upgrade and modernisation of an existing pulp mill in Timrå, Central Sweden, and 2) execution of group wide RDI programme.

Objectives

The proposed investment in the pulp mill, located in an Objective 1 area, is an integral component of the promoter’s supply chain. The RDI component of the project aims at improving and consolidating SCA’s technological leadership.

Comments

Article 267 point (a) economic and social cohesion and (b) Furthering Private Sector Investments in RDI and Innovation - Implementation of the Innovation 2010 Initiative (i2i).

Sector(s)

• Industry

Proposed EIB finance (Approximate amount)

Loan of up to SEK 2 000 million (EUR 218 million).

Total cost (Approximate amount)

SEK 4 200 million (EUR 457 million).

Environmental aspects

The pulp mill project is expected to have positive environmental impact due to reduced emissions. The execution of the RDI programme will have no material environmental impact. All national and EU environmental legislation will be respected.

Procurement

Public procurement rules and regulations do not apply to this private industry project. The promoter carries out competitive international consultations among potential suppliers for goods and services, which is standard practice for this industry.

Status

Signed - 30/08/2006