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    Reference: 20170572
    Release date: 9 October 2017

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    The promoter's investment will include mainly capital expenditure related to the installation of a new automotive textile technology plant, by refurbishing an abandoned textile factory. It will also involve research, development and innovation (RDI) activities (capital expenditure and operational expenditure for new product and process technologies), as well as other tangible and intangible capital expenditure.

    Objectives

    The EIB loan will support the promoter's RDI and deployment investments, in line with the company's strategy. The investments are also expected to have a positive impact on the promoter's competitiveness and growth.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 25 million

    Total cost (Approximate amount)

    EUR 57 million

    Environmental aspects

    Full environmental details will be assessed during the appraisal.

    Procurement

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

    Status

    Signed - 12/12/2018

    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

    Portugal Credit lines