Release date: 16 May 2007
Promoter – Financial Intermediary
MICHELIN GROUPLocation
Description
Part-financing of the Michelin group's R&D investment in tyre production in Europe.
Objectives
This project is aimed at developing new technologies in the areas of tyre design and production.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300 million.
Total cost (Approximate amount)
EUR 600 million.
Environmental aspects
The project concerns research and development activities, that will be conducted in existing facilities and sites. Its compliance with European environmental legislation will be checked at the project appraisal stage.
Procurement
EU procurement directives do not apply to this private sector project.
Status
Signed - 16/06/2008
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).