Release date: 28 July 2017
Promoter – Financial Intermediary
ADIENT GERMANY LTD UND CO KGLocation
Description
The project consists of research, development and innovation (RDI) expenditures in the vehicle seating business. The project will be implemented in several locations all over Europe, mainly in Germany.
Objectives
The project covers European R&D expenditures related to weight reduction, safety improvement and other performance-related aspects of seats that the promoter develops for the light vehicle automotive industry, as well as for other transport sectors such as commercial vehicles.
Comments
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Sector(s)
Proposed EIB finance (Approximate amount)
EUR 175 million
Total cost (Approximate amount)
EUR 401 million
Environmental aspects
R&D activities are not specifically mentioned under the EIA Directive 2011/92/EU (as amended) and are expected to be carried out in existing facilities without changing the already authorised scope. Therefore it is very unlikely that any part of the project would require an Environmental Impact Assessment (EIA). The environmental details of the project will be reviewed during the project's appraisal.
Procurement
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 EU Directives on procurement.
Status
Signed - 28/07/2017
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).