Release date: 18 January 2006
Promoter – Financial Intermediary
Kemira CorporationLocation
Description
The project encompasses the Promoter’s R&D related activities and investments over a four year period (2004-2007).
Objectives
The project will support the research activities and technical development within a leading European company in industry-specific chemicals. It is in line with the European Council recommendations to increase and reinforce investments in human capital, research and innovation. A part of the project concerns the research activities of the Group’s decentralised R&D centres in Oulu and Pori, which are located in Objective 2 areas.
Comments
Article 267, point c: “Research and Development; furthering private sector investments in R&D and Innovation (RDI)” and the Innovation 2010 Initiative.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
EUR 220 million.
Environmental aspects
R&D will be carried out in the existing laboratories and pilot plants and have no material environmental impact. Part of the activities involves the development of more environmentally efficient products and manufacturing practices for industrial clients.
Procurement
The promoter is a private company and therefore not bound by EU Directives on procurement.
Status
Signed - 21/04/2006
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).