Release date: 9 January 2004
Promoter – Financial Intermediary
Two major companies from the automotive sector holding a 50%-share each.Location
Description
This project comprises the set-up and operation of a green-field manufacturing plant for components of fuel injection systems for vehicle diesel engines in Stollberg, Saxony.
Objectives
The loan will finance the green-field development of a new manufacturing plant in Stollberg, Saxony, and a related research and development project in Regensburg, Bavaria, in the area of fuel-injection systems.The sub projects under this operation are eligible for Bank financing under Article 267 point a) regional development and point c): i2i.
Comments
Automotive supply industry.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 105m.
Total cost (Approximate amount)
n/a
Environmental aspects
The project is seen as complying with environmental regulations. The fuel injection system to be produced at this new plant helps to reduce fuel consumption and tailpipe emissions of diesel engines.
Procurement
Procurement regulations do not apply to this private industry project. The promoter carries out competitive enquiries among potential suppliers for goods and services, as is usual in the industry.
Status
Signed - 5/12/2003