Release date: 20 August 2007
Promoter – Financial Intermediary
Sandvik AB (publ.)Location
Description
The project concerns the part-financing of Sandvik Group’s annual R&D expenditures in the 2007-2009 period.
Objectives
The project aims to improve and consolidate Sandvik’s technological leadership in the segments of industrial tools, mining, construction equipment and materials technology.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan up to SEK 2.0 billion. (EUR 220 million)
Total cost (Approximate amount)
Approximately SEK 4 billion. (EUR 440 million)
Environmental aspects
The execution of the R&D programme will have no material environmental impact. All national and EU environmental legislation will be respected.
Procurement
The promoter is a private company and therefore not bound by EC Directives on procurement.
Status
Signed - 22/01/2008
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).