Reference: 20190161
Release date: 3 October 2019

Promoter – Financial Intermediary

ZKW GROUP GMBH

Location

Description

The project concerns the promoter's investments in research, development and innovation (RDI) in the field of innovative automotive lighting systems carried out in Austria and Slovakia, as well as investments in state-of-the art machinery and equipment for the promoter's manufacturing site located in Slovakia. The project covers the period between 2019 and 2021.

Objectives

The project aims at developing innovative lighting systems for automotive applications as well as to enhance the promoter's manufacturing capacity and efficiency by deploying state-of-the-art machinery and equipment in one of its manufacturing plants.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 326 million

Environmental aspects

RDI activities as well as the installation of new equipment of this kind are not listed in any of the annexes of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU. Therefore the project is not expected to require an Environmental Impact Assessment (EIA) a per the above mentioned Directive; however the Bank's project team will assess the environmental details and decision of the competent authority during the due diligence.

Procurement

The promoter is a private company not operating in the utilities sector and does not have the status of a contracting authority. Thus, it is not covered by EU Directives on procurement. Procedures followed are in the best interest of the project and satisfactory for the EIB.

Status

Approved - 27/09/2019

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

Austria Slovakia Industry