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)
- Credit lines - Credit lines
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 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).