Release date: 5 June 2019
Promoter – Financial Intermediary
F.LLI DE CECCO DI FILIPPO - FARA SAN MARTINO SPALocation
Description
The project comprises investments by the promoter to expand the production capacity and to finance research, development and innovation (RDI) activities over the 2019-2022 period.
Objectives
The investment will contribute to improve the promoter's competitiveness by increasing the capacity and energy/resource efficiency of their production process. The project includes also RDI activities to develop healthier and more sustainable products. The project will also create new employment and help secure existing employment and, therefore, contribute to agriculture/bioeconomy in a cohesion European region.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 54 million
Total cost (Approximate amount)
EUR 112 million
Environmental aspects
The project's compliance with all applicable national and EU environmental legislation will be verified during the appraisal. Environmental impact studies or Appropriate assessments will be carried out as applicable and mitigating and/or compensation measures applied as necessary.
Procurement
The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU procurement rules.
Status
Signed - 25/10/2019
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).