Michelin R&D

Promoter – Financial Intermediary

MICHELIN GROUP

Location

• France

Description

Part-financing of the Michelin group's R&D investment in tyre production in Europe.

Objectives

This project is aimed at developing new technologies in the areas of tyre design and production.

Sector(s)

• Industry

Proposed EIB finance (Approximate amount)

EUR 300 million.

Total cost (Approximate amount)

EUR 600 million.

Environmental aspects

The project concerns research and development activities, that will be conducted in existing facilities and sites. Its compliance with European environmental legislation will be checked at the project appraisal stage.

Procurement

EU procurement directives do not apply to this private sector project.

Status

Signed - 16/06/2008