SJI CAPEX & R&D INVESTMENTS (EIB-20160996)

Countries
  • Croatia
  • France
  • Germany
  • Spain
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Saint Jean Industries
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 54.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 113.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 29, 2017

Disclosed by Bank Mar 31, 2017


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Project Description
This project involves financing for research, development and innovation (RDI) and capital expenditure of French mid-cap Saint Jean Industries in France and other European countries. The project concerns the investment programme of an innovative mid-cap company in the field of component manufacture for the transportation sector in order to strengthen its competitive market position and support worldwide growth. According to bank documents, the purported aim of the project is to develop innovative, strong and lightweight components for the transportation sector, particularly the automotive segment, supporting weight reduction objectives and contributing indirectly to sustainable transportation in Europe and worldwide. Additionally the project includes the purchase of tangible assets to maintain the group's competitiveness and support it in its growth ambitions.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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