Release date: 4 May 2005
Promoter – Financial Intermediary
MichelinLocation
Description
Capacity increases at two existing production plants of Michelin Brasil, one for truck and bus tyres and one for steel wires and steel cord for tyre production.
Objectives
To strengthen the promoter’s presence in the world tyre market and improve its global competitiveness while promoting economic growth in Brasil.
Comments
Automotive industry.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million.
Total cost (Approximate amount)
EUR 82 million.
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 - 20/09/2006
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).