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    Reference: 20200669
    Release date: 6 January 2021

    Promoter – Financial Intermediary

    FASSA SRL

    Location

    Description

    The project concerns the promoter's research, development and innovation (RDI) activities on construction materials and systems, the modernisation of plants to improve production efficiency and digitalisation, as well as the construction of two state-of-the-art green-field plants for premixed products. The project will be carried out primarily in Italy and, to a lesser extent, in Spain during the period 2020-23.

    Objectives

    The project pursues different objectives: the RDI activities aim at developing new products, formulations, new eco-compatible products and new dry-construction systems; the modernisation of plants targets improved production efficiency and safety in the workplace; the new plant aims at adding state-of-the art capacity closer to the end-market, thus improving the logistics and quality of service.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 45 million

    Total cost (Approximate amount)

    EUR 107 million

    Environmental aspects

    The proposed RDI activities and investments in the modernisation of plants will be carried out in existing sites that do not need amendments of existing permits or new permits due to the project. It is likely that the new plant in a convergence region in Italy will require an environmental impact assessment (EIA) as per directive 2011/92/EU amended by directive 2014/52 EU. The Bank's services will review the environmental aspects of the project during the due diligence process.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to the EU public procurement legislation, then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

    Status

    Approved - 18/12/2020

    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

    Italy Spain Industry