Project description
and objectives:
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The project aims to modernise steelmaking and casting facilities and the plate mill at the Makstil plant in Skopje, in order to restore integrated production capacity and to increase the plant's overall efficiency.
The project objectives are to:
(i) modernise and restore steelmaking and casting capacity at Makstil;
(ii) modernise the plate mill, in order to restore integrated production capacity for 300,000-400,000 tonnes per year and increase plant efficiency;
(iii) reinforce Makstil's market in the region and extend it to the USA and western Europe.
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Transition impact:
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This investment will be the largest made by an international strategic investor in FYR Macedonia. As the country has one of the lowest levels of FDI per capita in the region, the project will have a very important demonstration effect.
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The client:
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Makstil AD, a joint-stock company organised under the laws of FYR Macedonia. Makstil steel plant and plate mill will be the borrower of the project.
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EBRD finance:
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US$ 15 million (ECU 13.5 million) loan.
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Total project cost:
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US$ 70 million (ECU 63 million).
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Environmental impact:
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Makstil's modernisation plans, and the proposed installation of continuous casting in particular, are likely to decrease dust emissions, which had exceeded national norms in the past. The modernisation will also significantly improve energy efficiency.
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Technical
cooperation:
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None
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Andi Aranitasi, Operation Leader: aranitaa@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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