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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Italy : € 100,000,000
    Industry : € 100,000,000
    Signature date(s)
    29/07/2019 : € 100,000,000

    Summary sheet

    Release date
    6 August 2019
    Status
    Reference
    Signed | 29/07/2019
    20190017
    Project name
    Promoter - financial intermediary
    MARCEGAGLIA INNOVATION AND ENERGY EFFICIENCY
    MARCEGAGLIA STEEL SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 242 million
    Location
    Sector(s)
    Description
    Objectives

    Marcegaglia is an industrial group active worldwide in the steel processing sector. The project concerns the promoter's investments in innovation, digitalisation, industry 4.0 and energy efficiency of its production plants in Italy over the period 2019-2021.

    The project aims at: - furthering digitalisation and automation of the supply chain and material flows to enhance the flexibility and adaptability of the production process; - reducing manufacturing costs; - increasing product quality; - improving resource and energy efficiency in the manufacturing facilities.

    Environmental aspects
    Procurement

    Although the project investments are all expected to be carried out in existing facilities already authorised, they will partly entail changes of equipment falling under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU. It will be assessed during due diligence if the different measures part of the project require an EIA. All environmental aspects will be appraised in detail during due diligence.

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2014/24/EU), then the EIB would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (2014/24/EU, where applicable, as well as Directive 92/13/EEC), as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - MARCEGAGLIA INNOVATION AND ENERGY EFFICIENCY
    Publication Date
    8 Aug 2019
    Document language
    Main Topic
    Lending
    Document Number
    90652680
    Document Focus
    Environmental Information
    Project Number
    20190017
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - MARCEGAGLIA INNOVATION AND ENERGY EFFICIENCY
    Publication Date
    13 Sep 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    122856097
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20190017
    Last update
    13 Sep 2019
    Sector(s)
    Industry
    Countries
    Italy
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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