Release date: 28 November 2014
Promoter – Financial Intermediary
Maier S. Coop.Location
Description
The investment is for research, development and innovation activities to develop interior and exterior vehicle trim components, addressing the car manufacturer's specific needs in terms of vehicle fuel efficiency, product differentiation and affordability.
Objectives
The EIB loan will be used by the promoter to finance its research, development and innovation (RDI) and strategic deployment investments.
Comments
InnovFin – EU Finance for Innovators is a joint initiative launched by the EIB in cooperation with the European Commission under Horizon 2020. InnovFin consists of a series of integrated and complementary financing tools and advisory services covering the entire value chain of research and innovation in order to support investments from the smallest to the largest enterprise.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 8 million
Total cost (Approximate amount)
EUR 42 million
Environmental aspects
The project concerns investments in research and development (R&D) and technology deployment that are expected to be carried out in existing facilities already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. Full environmental details will be checked during the appraisal.
Procurement
The promoter is a private company not operating in the utilities sector and not having a status of a contracting entity. Thus it is not covered by EU rules on procurement.
Status
Signed - 17/12/2014
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).