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Europe Daily Bulletin No. 8003

11 July 2001
Contents Publication in full By article 26 / 55
GENERAL NEWS / (eu) eu/eib
EUR 903 million loan for Philips in the Philippines

Brussels, 10/07/2001 (Agence Europe) - The European Investment Bank (EIB) has decided to grant a loan of EUR 93 million in favour of Philips Semiconductors Philippines Inc. (PSPI, a fully-owned subsidiary of Koninklijke Philips Electronics NV, the parent company of the Philips group) for the construction of the second integrated circuits assembly and test facility in Calamba, in the Philippines. The project covers the extension of the current production site and will more than double the...

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