Release date: 4 October 2013
Promoter – Financial Intermediary
JOHNSON CONTROLS INCLocation
Description
The project consists of RDI expenditures related to weight reduction and other performance related aspects, and safety improvement of car seats which JCI supplies to OEMs. The project will primarily take place in Germany, the location of JCI's European head office.
Objectives
The project is limited to the promoter’s seating segment. Specifically, it covers research and development expenditures related to weight reduction, safety improvement and other performance-related aspects of car seats which the promoter supplies to Original Equipment Manufacturers (OEMs). In parallel, the R&D aims at the expansion of the product range, while improving the modularisation of seating to fit a wider range of platforms and OEMs, leading to cost reduction and enhanced competitiveness.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 220 million
Total cost (Approximate amount)
EUR 476 million
Environmental aspects
R&D activities are not specifically mentioned under the EIA Directive 2011/92/EU, and the project is expected to be carried out in existing facilities without changing their already authorised scope. However, any potential investment concerning test equipment, which fall under Annex II of the EIA Directive, along with any other environmental issues, will be clarified during the project’s appraisal.
Procurement
The promoter is a private company not operating in the Utilities sector and not having a status of a contracting authority. Thus it is not covered by EU Directives on procurement.
Status
Signed - 26/11/2013
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).