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AUTOMOTIVE GLASS MANUFACTURING MOROCCO

Signature(s)

Amount
€ 110,000,000
Countries
Sector(s)
Morocco : € 110,000,000
Industry : € 110,000,000
Signature date(s)
25/11/2020 : € 54,000,000
8/12/2017 : € 56,000,000
Link to source

Summary sheet

Release date
28 April 2017
Status
Reference
Signed | 08/12/2017
20160869
Project name
Promoter - financial intermediary
AUTOMOTIVE GLASS MANUFACTURING MOROCCO
AGC AUTOMOTIVE EUROPE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 110 million
EUR 123 million
Location
Sector(s)
Description
Objectives

Construction of a greenfield automotive glass manufacturing plant in the Atlantic Free Zone of Kenitra in Morocco. The plant will produce windscreens, backlights and sidelights to be supplied to automotive original equipment manufacturers (OEMs) located in North Africa and southern Europe. The project will be implemented during 2017-2019.

The project is expected to contribute to the development of the local private sector and the creation of additional jobs, which will enhance the social and economic development of the country.

Environmental aspects
Procurement

The project entails the construction of a new automotive glass production facility. Equivalent investments in the EU would fall under Annex II of Directive 2011/92/EU as amended. The environmental dimension of the project and its individual components will be scrutinised during appraisal; in particular, i) the cumulative impact (both environmental and social), ii) raw material transport and consumption, iii) energy use and efficiency, as well as a iv) conformity check with applicable EU directives (on environmental impact assessment (EIA) and industrial emissions (IED)) and the corporate environmental, health and safety management plans.

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Link to source

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).

Documents

Environmental and Social Data Sheet (ESDS) - AUTOMOTIVE GLASS MANUFACTURING MOROCCO
Publication Date
3 Oct 2017
Document language
Main Topic
Lending
Document Number
75032187
Document Focus
Environmental Information
Project Number
20160869
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - AUTOMOTIVE GLASS MANUFACTURING MOROCCO
Publication Date
30 Nov 2024
Document language
Main Topic
Lending
Document Number
189394028
Document Focus
Environmental Information
Project Number
20160869
Sector(s)
Countries
Publicly available
Download now

News & Stories

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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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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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