Release date: 26 March 2008
Promoter – Financial Intermediary
Pirelli & C SPA
Location
Description
The project concerns the construction and start of operation of a new plant for the production of high performance tyres for passenger cars and for light commercial vehicles, located in Slatina, Romania (about 180 km west of Bucharest).
Objectives
The creation of jobs will significantly contribute to an amelioration of the purchasing power and standard of living in the region. The project is meant to help the promoter to satisfy growing demand for tyres used on vehicles with higher performance and SUVs.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million.
Total cost (Approximate amount)
EUR 171 million.
Environmental aspects
An Environmental Impact Study (EIS) has been prepared, no complaints had been brought forward and the construction permit was issued. No protected (nature) sites [according to Law 137/1995] are affected by the project. The production processes do not include significant pollution potential.
Procurement
The promoter is a private company not operating in the utilities sector and is thus not covered by EU Directives on procurement.
Status
Signed - 26/03/2008
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).