Release date: 27 February 2002
Promoter – Financial Intermediary
Gestamp Automoción SLLocation
Description
The project consists of modernisation and retooling investments and some extensions to plants of the Gestamp Automoción group
Objectives
The promoter is a strategic supplier to the Spanish automotive industry, which represents nearly 7% of Spain's GDP and 25% of the country's exports. The promoter's proposed investments are located throughout Spain, mainly in Assisted Areas Objective 1 and 2 for allocation of EU structural funds. The project will create a significant number of new jobs and further the development of less developed areas.
Comments
Metal components for the automotive industry.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 40% of project cost
Total cost (Approximate amount)
Approximately EUR 250 mio
Environmental aspects
Metal forming is not listed in the EIA Directive 97/11. It is essentially a non-polluting activity. The project entails mainly modernisations and extensions of activities on existing sites. All the operations have, or are in the process to obtain, a certification under ISO14001.
Procurement
The promoter carries out competitive enquires, among potential suppliers for goods and services, as is usual in this industry.
Status
Signed - 9/09/2002
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).