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    Reference: 20160333
    Release date: 17 June 2016

    Promoter – Financial Intermediary

    Vetri Speciali S.p.A.



    The project comprises the reindustrialisation of an existing production unit and its conversion into a glass production plant, as well as investments in plant innovation.


    The project comprises the design and deployment of: (i) an innovative specialty glass-production plant, and training machinery and (ii) the replacement of an existing furnace in one of the promoter's manufacturing sites, with the same innovative technology as implemented at the new plant.


    Proposed EIB finance (Approximate amount)

    EUR 30 million

    Total cost (Approximate amount)

    EUR 77 million

    Environmental aspects

    The manufacture of glass falls under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, as amended, meaning that an EIA might be requested by the competent authorities. During appraisal, the Bank's services will verify all environmental details related to the new manufacturing plant as well as the furnace remaking, and check compliance with applicable EU directives such as the Industrial Emissions Directive (IED) and in particular the decision of the local competent authority in relation to the EIA.


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


    Signed - 23/11/2016


    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

    Italy Industry