Release date: 13 July 2012
Promoter – Financial Intermediary
JOHNSON CONTROLS INCLocation
Description
The project consists in (i) the extension of an existing plant for the manufacturing of automotive interior components (such as instrument and door panels) in Zatec (Czech Republic); (ii) the modernisation and capacity expansion of an existing lead-acid batteries manufacturing plant, and (iii) the construction of a green field plant to produce components for car batteries. The two latter investments are part of the promoters Power Solutions business and will be located in Ceska Lipa (Czech Republic).
Objectives
The project is located in a cohesion country and aims at improving the promoters presence and market performance in Czech Republic. Most automotive OEMs have developed their manufacturing capacity in this region to produce models which are affordable to local consumers, while also benefiting from the cost-advantages offered by these economies. As an OEM supplier the promoters strategy is to locate its manufacturing plants at proximity of the OEM manufacturing plants to reduce the logistics costs.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
EUR 125 million
Environmental aspects
The project comprises capital investments in three plants for the manufacturing of automotive interiors and batteries, for which Environmental Impact Assessments (EIA) may be required according to the Directive 2011/92/EU.To be assessed during the project appraisal.
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 - 23/10/2012
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).