According to EIB website, the proposed EIB loan will support the promoter's capital investments for (i) the construction of a new production facility for upholstered furniture, (ii) the acquisition, installation and ramp-up of the related equipment for furniture production, as well as (iii) a new fully equipped storage facility over the period 2017-19. Over time the investment is expected to create up to 500 new jobs. It aims to support its planned growth by increasing its manufacturing and warehousing capacity as the current installed capacity and space available does not allow for the forecast volumes.
The project is eligible for the bank’s financing with minor negative environmental residual impact.
No contact information provided at the time of disclosure.
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