Release date: 9 November 2004
Promoter – Financial Intermediary
Continental AG.Location
Description
Construction and operation of a new production plant for passenger vehicle tyres at Camaçari, State of Bahia, Brazil.
Objectives
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.
Comments
Automotive industry.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 m.
Total cost (Approximate amount)
EUR 110 m.
Environmental aspects
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.
Procurement
N.A.
Status
Signed - 5/04/2005
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).