Release date: 22 December 2021
Promoter – Financial Intermediary
Private sector companyLocation
Description
The project concerns the digitalisation of the Promoter's European industrial operations, including central IT deployment as well as advanced manufacturing investments in the Promoter's existing facilities in Poland, Spain and Hungary.
Objectives
The project encompasses the implementation of an Advanced Automation Strategy in Spain and the reinforcement of the Promoter's manufacturing footprint in cohesion countries (Poland and Hungary).
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 353 million
Environmental aspects
The project is expected to deliver product and process related environmental benefits due to the introduction of high performance tyres with low rolling resistance and more efficient and flexible production technologies.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.
Status
Signed - 17/12/2021
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).