Release date: 16 May 2011
Promoter – Financial Intermediary
Johnson Controls Inc.
Location
Description
Research, development and innovation activities in support of manufacturing sites for Johnson Controls Inc. latest generation of lead-acid battery capacities in Germany. In addition to the RDI activities performed in the R&D centre located in Hannover, the project includes the expansion of the manufacturing plant located in Zwickau and the expansion of the recycling plant located in Krautscheid.
Objectives
The project supports the development of the new AGM batteries, which is one of the most important elements of the ongoing trends towards electrification in the automotive industry, and the widespread implementation of micro-hybridisation. AGM batteries also display better safety features than those based on conventional technology.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 155 million
Environmental aspects
The project comprises capital investments in manufacturing and recycling plants for automotive batteries as well as related innovation and product development activities, for which Environmental Impact Assessments (EIA) may be required according to the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. To be assessed during the project appraisal.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed - 20/12/2011
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).