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    Signature(s)

    Amount
    € 55,000,000
    Countries
    Sector(s)
    Türkiye : € 55,000,000
    Industry : € 55,000,000
    Signature date(s)
    7/03/2007 : € 55,000,000
    Link to source

    Summary sheet

    Release date
    23 October 2006
    Status
    Reference
    Signed | 07/03/2007
    20060217
    Project name
    Promoter - financial intermediary
    Sisecam Glass Manufacturing and R&D
    TURKIYE SISE VE CAM FABRIKALARI A.S.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 55 million.
    Up to EUR 125 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the construction and operations of a second float-glass manufacturing line and an auxiliary coating line in Yenisehir, as well as Sisecam’s R&D-activities in glass technology.

    The new float line will increase the existing production capacity of the group to meet the rapidly growing demand for flat glass in Turkey. The coating line particularly addresses the growing segment demand for energy efficient glass. Sisecam’s Research and development projects, finally, target the increase, the efficiency and quality of the company’s production and products.

    Environmental aspects
    Procurement

    An EIA has already been performed for the coating line and is underway for the float line, which will be verified during appraisal.

    This private company operates in a liberalised sector open to competition (glass manufacturing) and even if located in the EU would not be subject to EU procurement Directives. It is expected to purchase its main equipment and services for the project, amongst the few specialised international engineering companies, using negotiated procedures. This procedure, which is usual and best practice in this industry, would be in the best interests of the project and is therefore in line with the Bank’s procurement policy.

    Comments

    Glass Manufacturing.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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