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Signature(s)

Amount
€ 80,000,000
Countries
Sector(s)
Bulgaria : € 80,000,000
Industry : € 80,000,000
Signature date(s)
10/05/2012 : € 80,000,000
Link to source
Data sheet

Summary sheet

Release date
8 February 2012
Status
Reference
Signed | 10/05/2012
20110404
Project name
Promoter - financial intermediary
Sisecam Bulgaria

TURKIYE SISE VE CAM FABRIKALARI AS

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 80 million
EUR 168 million
Location
Sector(s)
Description
Objectives

Expansion of the flatglass and glass tableware manufacturing capacity of the Bulgarian plant of the Turkish glass company Sisecam A.S.

Increasing the export capacity of Trakya Glass Bulgaria EAD, Sisecam’s Bulgarian subsidiary located in Targovishte, Bulgaria, an EU Convergence region with high unemployment.

Environmental aspects
Procurement

Production of glass falls under Annexe II, 5(d) of Directive 97/11. Two separate EIAs have been established covering a) the second float glass line, the future coating and lamination lines and b) the second glass tableware line. The project is located within the perimeter of an existing industrial plant. Natura 2000 areas are not concerned. The public has been consulted and the competent authority has approved both EIAs and the execution of the project.

The promoter is a private company, not operating in the utilities sector, and it is not covered by EU Directives on procurement. The promoter carried out competitive international consultations amongst potential suppliers for the technology suppliers and the main construction contract. This is standard practice for this industry and it is in the best interest of the project and acceptable to the Bank.

Link to source
Summary sheet

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).

Documents

Environmental and Social Data Sheet (ESDS) - SISECAM BULGARIA
Publication Date
14 Jan 2016
Document language
Main Topic
Lending
Document Number
64093849
Document Focus
Environmental Information
Project Number
20110404
Sector(s)
Regions
Countries
Publicly available
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