Release date: 25 June 2004
Promoter – Financial Intermediary
SAICA, S.A. Industrias Celulosa AragonesaLocation
Description
The project consists of the construction and operation of a corrugated cardboard raw materials paper mill with a nominal production capacity of 400k tonnes/year (“fluting” and “testliner”). The pulp input will entirely come from recovered paper.
Objectives
The new mill will allow to increase capacity and improve the integration of the existing upstream waste paper collection and the downstream corrugated packaging business activity currently conducted in Spain, Portugal and France
Comments
Paper.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 110 m
Total cost (Approximate amount)
Approximately EUR 220 m
Environmental aspects
In accordance with the Bank's environmental policy, SAICA will ensure that national legislation and EU directives will be applied as regards environmental protection.
Procurement
Promoter’s procurement procedures follow good industry practise; EU procurement directives do not apply.
Status
Signed - 18/01/2005
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).