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    Reference: 20200601
    Release date: 21 September 2020

    Promoter – Financial Intermediary

    AGC GLASS EUROPE

    Location

    Description

    The project aims at financing AGC Europe research, development and innovation (RDI) projects in relation to the development of innovative glass products and more sustainable production processes.

    Objectives

    The project comprises the Promoter's research, development and innovation (RDI) operational and capital expenditures related to flat glass manufacturing and processing for automotive, architectural and industrial applications. This RDI focuses on energy-efficient glass solutions. The project will further strengthen the proprietary know-how of a European promoter in the field of sustainable glass production and innovative applications which will drive the productivity, competitiveness and environmental sustainability of the company.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 140 million

    Total cost (Approximate amount)

    EUR 162 million

    Environmental aspects

    The research and development (R&D) activities will be managed and carried out in already existing and authorised R&D facilities. As the project will not result in a change to the authorised scope of the RDI facilities, the project is not subject to the Environmental Impact Assessment Directive – Directive 2014/52/EU amending Directive 2011/92/EU. All environmental and social aspects will be assessed in detail during due diligence.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, and is thus not subject to EU rules on public procurement.

    Status

    Signed - 21/12/2020

    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

    Belgium France Germany Industry