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    Reference: 20150624
    Release date: 16 December 2015

    Promoter – Financial Intermediary

    French aeronautic component supplier

    Location

    Description

    The project aims at developing innovative solutions for the manufacture of new generation materials for aircraft engines and the development of new processes to manufacture aircraft components.

    Objectives

    The project will help strengthen the promoter's technological and industrial competitiveness as a mid-sized Tier-1 supplier for the European aircraft manufacturing industry. The close proximity of the promoter's plants to the original equipment manufacturer (OEM) sites in France will provide a competitive advantage for the promoter. Expanding its research and development (R&D) and manufacturing capacity is a fundamental element in its growth strategy.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 40 million

    Total cost (Approximate amount)

    EUR 100 million

    Environmental aspects

    The research, development and innovation (RDI) activities are expected to be carried out in existing facilities that are already used for the same purposes, and that are not expected to change their scope due to the project. An environmental impact assessment (EIA) is therefore not needed according to EIA Directive 2011/92/EU.

    Procurement

    The company has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not subject to EU rules on public procurement.

    Status

    Signed - 28/07/2017

    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).

    Related tags

    France Portugal Industry