IMPLEMENTATION LEVEL

IFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 14 Dec 2018 | Removal date: open ended

State loan

The loan agreement between the European Investment Bank (EIB) and ULMA Group was signed on 14 December 2018. The loan has a total value of EUR 26 million (approx. USD 29.4 million). The loan will support the company's research, innovation and development project mainly concerning its activities construction and architectural solutions in Spain and Poland.

According to the EIB: "The investments are expected to support ULMA Group's competitiveness and growth."

ULMA Group comprises of eight "cooperative companies". The Group's business activities are in the following areas: "Architectural Solutions, Agricola, Forklift Trucks, Construction, Conveyor Components, Handling Systems, Packaging and Piping." The Architectural Solutions unit manufactures and supplies goods made of polymer concrete in the following market segments: "Drainage Systems, Architectural Precast, External Wall System and Ventilated Facades." The ULMA Construction manufactures and supplies "formwork, shoring and temporary scaffolding systems". Ulma has its headquarters in Spain with a worldwide presence. 

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

375 Articles of concrete, cement & plaster
6810 Articles of cement, of concrete or of artificial stone, whether or not reinforced.
681091 Prefabricated structural components for building or civil engineering
681099 Other
421 Structural metal products & parts
7308 Structures (excluding prefabricated buildings of heading 94.06) and parts of structures (for example, bridges and bridgesections, lockgates, towers, lattice masts, roofs, roofing frameworks, doors and windows and their frames and thresholds for doors,
730840 Equipment for scaffolding, shuttering, propping or pitpropping
730890 Other

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