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Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
Poland : € 640,000
Germany : € 5,460,000
Finland : € 13,900,000
Industry : € 20,000,000
Signature date(s)
11/11/2016 : € 640,000
11/11/2016 : € 5,460,000
11/11/2016 : € 13,900,000
Link to source

Summary sheet

Release date
28 October 2016
Status
Reference
Signed | 11/11/2016
20160380
Project name
Promoter - financial intermediary
VALMET AUTOMOTIVE
VALMET AUTOMOTIVE OY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 42 million
Location
Sector(s)
Description
Objectives

Investment programme including activities for rooftop systems' product and manufacturing process development and engineering as well as investments for the upgrade of IT, supply chain, utilities and facilities infrastructure with a view to improving energy efficiency and environmental impact

The project is expected to increase the promoter's know-how and innovativeness in the field of automotive product and manufacturing process development and engineering.

Environmental aspects
Procurement

The project concerns investments in research, development and innovation (RDI) as well as capital expenditures for IT, supply chain and infrastructure upgrade that are expected to be carried out in existing facilities already authorised for the same purposes in Finland, Germany and Poland. Full environmental details will be checked during the appraisal.

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

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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Alternatively, the EIB can be contacted through its external offices.
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