| Project Detail |
The project concerns the promoters investments in research & development (R&D) carried out from 2019 until 2021. Additionally, it also include the modernisation and moderate capacity expansion of the integrated birch plywood production facility at Lignums and at Verems.
Objectives
The financing will back the promoters investments in the sustainable modernisation and expansion of production facilities to support its growth ambitions and strengthen its competitive market position. The loan agreement is part of the European Commissions Investment Plan for Europe, which aims to help businesses access the funding required for innovation, growth and job creation. The project is fully aligned with EU policy to promote innovative mid-caps in support of the bioeconomy. The project is seeking to improve the efficient use of natural resources and aims to reduce the environmental footprint of its operations.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 39 million
Total cost (Approximate amount)
EUR 82 million |
