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    Reference: 20170723
    Release date: 23 October 2017

    Promoter – Financial Intermediary

    FLORIM CERAMICHE SPA

    Location

    Description

    The project concerns the acquisition and installation of Advanced Manufacturing Technology (AMT), machinery and equipment, logistic equipment and related automation for the production of large ceramic slabs and their subsequent cut-to-size. The project covers the period 2017-2018 and will be carried out in Mordano (province of Bologna, Emilia Romagna region) and Fiorano (province of Modena, Emilia Romagna region) where two new buildings – which are however not part of the financed project – will be erected.

    Objectives

    The project is expected to support the company's growth by expanding its manufacturing capacity to serve the market's growing demand for these ceramic products, while driving the change from a "make-to-stock" to a "make-to-order" production strategy.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 40 million

    Total cost (Approximate amount)

    EUR 81 million

    Environmental aspects

    Manufacture of ceramic products by burning, in particular roofing tiles, refractory, bricks, tiles, stoneware or porcelain are specifically mentioned in Annex II of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Due to the characteristics of the project, it is likely that the local competent authorities have required an Environmental Impact Assessment (EIA) for the construction of the new factories and for the related installation of new production lines and logistic equipment, as these investments might have been considered a major modification of the existing Integrated Environmental Authorisation. The Bank's services will review during the project appraisal whether any of the investments requires an EIA, as well as any other environmental details of the project.

    Procurement

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

    Status

    Signed - 16/11/2018

    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

    Italy Industry