Reference: 20190919
Release date: 15 July 2020

Promoter – Financial Intermediary

ZANINI AUTO GRUP SAU

Location

Description

The project concerns capex and research, development and innovation (RDI) expenditures during the period 2020-23.

Objectives

The EIB loan will finance the company's competitiveness and growth strategy in support of its RDI and deployment investments (capex and opex for new product and process technologies, as well as other tangible and intangible capex).

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 35 million

Total cost (Approximate amount)

EUR 88 million

Environmental aspects

The investment will be implemented in an existing building adjacent to the Promoter's main facility. Obtaining the necessary environmental and operating approvals from the competent authorities will be a condition for the disbursement of the related funds. The project will have positive environmental benefits, in particular on the impact of manufacturing processes through the development of resource efficient metallization solutions. Full environmental details will be verified during the appraisal.

Procurement

The Promoter is a private company not operating in the utilities sector and not having the status of a contracting entity. Thus it is not covered by EU rules on procurement.

Status

Signed - 10/07/2020

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

Spain Industry