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    Reference: 20210491
    Release date: 11 January 2022

    Promoter – Financial Intermediary




    The project includes the Promoter's most innovative investments in advanced production technologies and research, development and innovation (RDI) activities, specifically focused on non-powertrain related components for electric and hybrid vehicles. The project covers the period 2021-2024.


    The deployment of advanced manufacturing technology aims at increasing productivity and quality trough modernisation of the production system, deployment of flexible automation, adoption of smart factory principles and upskilling of local workforce. The RDI activities on steel automotive components, steel wheels and materials focus on innovative production methods and materials to reduce the components' weight, improving the performance of the final products, to develop new products and production concepts and simulation procedures.


    Proposed EIB finance (Approximate amount)

    EUR 65 million

    Total cost (Approximate amount)

    EUR 138 million

    Environmental aspects

    The project's activities are not listed in any of the annexes of the EIA Directive 2014/52/EU amending the Directive 2011/92/EU. The RDI activities and the deployment of technology will take place in existing facilities that will not change their scope due to the project and that will not require any new constructions. As such, the project is not covered by the EIA Directive. As the project represents a selection of those sub-projects of the promoter specifically targeting applications to hybrid and electric vehicles, it is expected to entail positive environmental externalities.


    The Promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives.


    Signed - 23/12/2021

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