📋 Tender Overview
Reference: 20240775
Release date: 9 July 2025
Promoter – Financial Intermediary
GRUPO ULMA SC
Location
Spain
Description
The project scope encompasses Ulma's expenditures in research, development and innovation (RDI) and innovation-related capex focused on the construction sector value chain. It includes the Promoter's investments, planned for the 2025-2028 period, in innovative technologies and processes aimed at improving raw material recyclability, upgrading current facilities, and reducing the Promoter's carbon footprint. R&D activities focus on applying advanced manufacturing technologies as well as other strategic initiatives that enhance the Promoter's capability to implement their sustainability strategy.
Additionality and Impact
The Project concerns the Promoter's investments in research, development, advanced manufacturing technologies and digitalisation and investments to improve energy efficiency and sustainability. The Promoter operates in the construction sector. The Project will further knowledge creation and diffusion through the Promoter's R&D collaborations with customers, industrial and supply chain partners and research institutes. It will also contribute to a continued reskilling and upskilling of Promoter's resources. The Project has a substantial circular economy component, which will enable use of recycled raw materials, derived from industrial waste. The financing of this Project is therefore set to generate significant positive knowledge and environmental externalities.
Such investments contribute to the Bank's "Innovation, Digital and Human Capital" public policy objective, a part of them also to the EIB Climate Action and Environmental Sustainability policy objective. EIB financing supports the Promoter's investments addressing market failures and gaps associated with imperfect competition and incomplete markets for innovative manufacturing technologies, and those addressed by projects with positive knowledge and environmental externalities generation.
This Project will help the Promoter to implement its strategic objectives and strengthen its know-how, competence and position in the technology fields aligned with its product, digitalisation and sustainability strategy. As such, it will help the Promoter to address the evolving market and technology context, the relevant customer needs and to achieve its medium and long-term sales and profitability targets.
The Bank will support the company with access to long-term financing with customised and flexible financial terms and conditions, which increase the Promoter's average debt maturity. The Bank's financing will have a positive signalling effect to other financiers, demonstrating the Project's soundness and quality.
Objectives
The EIB loan will be used by the Promoter to finance its RDI and capex investments supporting the implementation of the company's strategy, in particular the Construction and Architectural Solutions businesses. The inv
