Release date: 13 September 2016
Promoter – Financial Intermediary
TREVESLocation
Description
Financing of Groupe Treves research, development and innovation (RDI) activities in the field of automotive acoustic and thermal insulation products and solutions
Objectives
The project covers the promoter's RDI activities in the field of automotive acoustic and thermal insulation products and solutions. A portion of the research and development (R&D) activities aim for the reduction of overall vehicle weight as well enhanced recyclability of materials. The activities are carried out primarily at the promoter's technical centre in Reims, France (about 95%), and to a lesser extent in Spain, UK, and Germany.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 35 million
Total cost (Approximate amount)
EUR 89 million
Environmental aspects
The project consists of R&D activities that are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by 2014/52/EU) and that will be carried out in existing facilities without changing their already authorised scope. The project would therefore not require an EIA. However, the Bank's services will review during the project appraisal all the project-related environmental details.
Procurement
The promoter is a private company not operating in the Utilities sector and not having the status of a contracting authority. Thus it is not covered by EU directives on procurement.
Status
Signed - 27/10/2016
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).