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Husqvarna AB (publ).
The project concerns the part-financing of Husqvarna’s annual R&D expenditures in the 2009-2011 period.
The project concerns investments in research, development and innovation related to forestry/garden/lawn and cutting equipment/diamond tools.
The project concerns investments in research and development that will be carried out in existing facilities already authorised. An Environmental Impact Assessment (EIA) therefore is not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC. Overall, the project is expected to have a neutral impact on the environment. A large part of the program focuses on the development of products with lower fuel consumption and emissions. In addition, the expected results will bring about improvements in safety, noise and ergonomics with the direct inherent benefits to the final user.
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.