Reference: 20140213
Release date: 20 December 2017

Promoter – Financial Intermediary

LATECOERE SA

Location

Description

The promoter is a leading Tier-1 supplier of doors, fuselage sections and avionic racks and wiring for commercial aircraft. The project covers the promoter's Research, Development and Innovation (RDI) expenditures for the period 2017-2020, aiming at furthering its product and process innovation related to doors, optical networks, racks and cockpits, cabin infrastructure and video systems. The project also covers the construction of a new advanced manufacturing plant in Toulouse, France. A third component of the project covers the construction of a new assembly plant in Plovdiv, Bulgaria.

Objectives

The RDI activities included in the project will contribute to increasing the promoter's knowledge and know-how in the field of components for aero-structures and aircraft cabling solutions.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 55 million

Total cost (Approximate amount)

EUR 110 million

Environmental aspects

A large portion of the project consists of R&D activities that are not specifically mentioned under the EIA Directive 2011/92/EU (amended by 2014/52/EU), which will be carried out in existing facilities without changing their already authorised scope. This portion of the project would therefore not require an Environmental Impact Assessment (EIA). The project components that entail fixed capital expenditures for the manufacturing of aircraft components are not mentioned under the EIA Directive and should normally not require an EIA. Nevertheless, the Bank's services will review during the project appraisal whether any aspect of the new investments could fall under Annex II of the EIA Directive, as well as any other environmental details.

Procurement

The promoter is a private company not operating in the Utilities sector and not having a status of a contracting authority. Thus it is not covered by EU Directives on procurement.

Status

Signed - 5/12/2017

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

France Industry