Release date: 12 February 2013
Promoter – Financial Intermediary
SVENSKA CELLULOSA AB SCA (PUBL)Location
Description
The project concerns SCA’s investments in research, development and innovation related to personal care, tissue and forestry products over the period of 2013-2016.
Objectives
These investments focus on three main areas: i) supporting the development and innovation of new products and services, notably in the hygiene and tissue product segments, targeting at consumer well-being; ii) developing environmentally friendlier and more energy efficient solutions and processes; and iii) improving efficiency and reducing cost of various manufacturing processes.
Sector(s)
Proposed EIB finance (Approximate amount)
SEK 1850 million (EUR 219 million)
Total cost (Approximate amount)
SEK 3713 million (EUR 439 million)
Environmental aspects
The project concerns investments in Research and Development that are expected to be carried out in existing facilities, already authorised, and which would therefore not require an EIA under Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. At appraisal, it will be determined if any of the work to be carried out would require a change to existing environmental permits.
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 - 30/09/2013
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).