Release date: 8 February 2012
Promoter – Financial Intermediary
TURKIYE SISE VE CAM FABRIKALARI AS
Location
Description
Expansion of the flatglass and glass tableware manufacturing capacity of the Bulgarian plant of the Turkish glass company Sisecam A.S.
Objectives
Increasing the export capacity of Trakya Glass Bulgaria EAD, Sisecam’s Bulgarian subsidiary located in Targovishte, Bulgaria, an EU Convergence region with high unemployment.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 80 million
Total cost (Approximate amount)
EUR 168 million
Environmental aspects
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.
Procurement
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.
Status
Signed - 10/05/2012
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).