Release date: 21 September 2020
Promoter – Financial Intermediary
AGC GLASS EUROPE
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.
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.
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 140 million
Total cost (Approximate amount)
EUR 162 million
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.
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.
Signed - 21/12/2020
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).