Reference: 20180651
Release date: 22 March 2019

Promoter – Financial Intermediary

ATLAS COPCO AB

Location

Description

The project comprises the promoter's research, development and innovation (RDI) investments to develop sustainable productivity solutions carried out in its compressor, vacuum and industrial business areas over the 2019-22 period in the EU.

Objectives

The project will contribute to developing the promoter's knowledge and know-how in compressor, vacuum and industrial technologies for application in a wide range of industrial equipment. The promoter's RDI activities are essentially driven by the need to develop enhanced product solutions, which allow its clients to increase the levels of productivity, energy efficiency, safety and ergonomics as well as to reduce the environmental impact of their production processes. The project concerns the promoter's investments to be carried out in the 2019-2022 period in its European sites but primarily in Sweden and Belgium.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 300 million

Total cost (Approximate amount)

EUR 669 million

Environmental aspects

The project concerns investments in research and development that are expected to be carried out in existing facilities without changing the already authorised scope and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. However, the Bank's services will review during the project appraisal all the project-related environmental details.

Procurement

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.

Status

Signed - 3/04/2019

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

Belgium France Germany EU Countries Sweden Industry