Release date: 23 October 2006
Promoter – Financial Intermediary
TURKIYE SISE VE CAM FABRIKALARI A.S.Location
Description
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.
Objectives
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.
Comments
Glass Manufacturing.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 55 million.
Total cost (Approximate amount)
Up to EUR 125 million.
Environmental aspects
An EIA has already been performed for the coating line and is underway for the float line, which will be verified during appraisal.
Procurement
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.
Status
Signed - 7/03/2007
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).