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CAMACARI TYRE PLANT

Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Brazil : € 40,000,000
Industry : € 40,000,000
Signature date(s)
5/04/2005 : € 40,000,000
Link to source

Summary sheet

Release date
9 November 2004
Status
Reference
Signed | 05/04/2005
20040188
Project name
Promoter - financial intermediary
Camaçari Tyre Plant
Continental AG.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 m.
EUR 110 m.
Location
Sector(s)
Description
Objectives

Construction and operation of a new production plant for passenger vehicle tyres at Camaçari, State of Bahia, Brazil.

To strengthen the promoter’s presence in the world tyre market and improve its global competitiveness while transfering state of the art technology to Brazil and promoting economic growth in the country.

Environmental aspects
Procurement

The Bank’s appraisal will assess the state of the environmental approval procedure and the action required by the competent authorities, as well as the environmental features of the project.

N.A.

Comments

Automotive industry.

Link to source
Summary sheet

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).

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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.
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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.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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