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    Reference: 20161004
    Release date: 11 December 2017

    Promoter – Financial Intermediary




    Investments in RDI related to cement products and production technologies in 2017-2020, as well as modernisation of a cement clinker production plant in Schelklingen, Germany.


    The purpose of the project is to strengthen the company's competitiveness by stepping up its RDI activities and revamping and modernising the production plant in view of raising its efficiency (process, energy, material and cost).


    Proposed EIB finance (Approximate amount)

    EUR 180 million

    Total cost (Approximate amount)

    EUR 369 million

    Environmental aspects

    The RDI component of the project will be carried out in existing facilities already authorised and is therefore not expected to require an Environmental Impact Assessment (EIA) under Directive 2011/92/EU as amended. The cement plant modernisation component falls under Annex II of said Directive. The Bank's services will establish during project appraisal whether or not an EIA is required in this case, as well as any other environmental details.


    The promoter 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 being subject to EU rules on public procurement. However, if after the project appraisal the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the European Union, as and where required.


    Signed - 4/12/2017


    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

    Germany Italy EU Countries Industry