ANNOUNCEMENT 29 Sep 2013

On 29 September 2013, the EIB provided financing worth EUR 219 million (USD 292 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 29 Sep 2013 | Removal date: open ended

State loan

On 29 September 2013, the European Investment Bank (EIB) and Svenska Cellulosa Ab Sca (Publ) signed an agreement worth EUR 219 million (approx. USD 292 million) for the project Sca Hygiene and Forest Products Rdi from Sweden. The total cost of the project is estimated at EUR 439 million.

According to the project description issued by the EIB, The project concerns SCAs investments in research, development and innovation related to personal care, tissue and forestry products over the period of 2013-2016. These investments focus on three main areas: i) supporting the development and innovation of new products and services, notably in the hygiene and tissue product segments, targeting at consumer well-being; ii) developing environmentally friendlier and more energy efficient solutions and processes; and iii) improving efficiency and red.

The objective of the project is defined as following: These investments focus on three main areas: i) supporting the development and innovation of new products and services, notably in the hygiene and tissue product segments, targeting at consumer well-being; ii) developing environmentally friendlier and more energy efficient solutions and processes; and iii) improving efficiency and reducing cost of various manufacturing processes..

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 SECTORS

 
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AFFECTED PRODUCTS

 
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