EUREX ALIMENTARE S.R.L.

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 35587

Status Complete

Location

Romania

Business Sector

Food and Agribusiness

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 35587

Status Complete

Location

Romania

Business Sector

Food and Agribusiness

Notice Type

Private

Environmental Category

Approval Date

16 Nov 2004

Disclosure date

15 Oct 2004

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Financing Ulker group’s expansion in the Romanian market by establishing a new production base to manufacture biscuits, chocolate, bullion and margarine products.

Transition Impact

The project has good transition impact potential. The project will:

Improve linkages in the food supply chain: The main raw materials for the new production lines in Romania will be sourced from several local producers. Local suppliers will be subject to the Sponsor’s quality controls. The project will also have a positive impact in the modernisation of the distribution channels, and expanding the number of distributors/retailers worked with. This will make possible a transfer of know-how in respect of marketing, merchandising and logistics.
Introducing greater competition and innovation. The project will increase the competitive pressures over the existing players via the increase in the volume and range of products produced.
Involve corporate governance improvements.

The Client

The Sponsor of the project is Yildiz Holding A.S., the holding company of the Ulker Group of Turkey which is the largest food company in Turkey.

EBRD Finance

Senior secured loan: US$ 8.9 million to Eurex Alimentare

Project Cost

US$ 21.8 million

Environmental Impact

This project was screened B/1 requiring an environmental audit and analysis of the plant. The study was conducted by an independent environmental consulting firm and the resulting reports and recommendations were submitted to the Bank for review.

The Eurex Alimentare plant is currently 80% complete and has not yet started operation. The consultants reviewed the existing facilities and the plans for future operations. They concluded that the finalised facility will not have a significant environmental impact, will incorporate a number of features to minimise its environmental footprint including the installation of a waste water treatment plant and a gas fired boiler. The facility will meet both national and applicable EU standards and has received the environmental authorisation in accordance with Romanian law. An EAP has been developed to ensure that the facility meets good environmental practice and legislative requirements on an on-going basis.

Technical Cooperation

None.

Company Contact

Ender Bolat (General Manager)
Eurex Alimentare S.R.L
Str. Pitar Mos, nr. 29, ap. 11, Bucuresti

Tel: +40.21.3038297
Fax: +40.21.2128395
e-mail: ender.bolat@ulker.ro

Transition impact

ETI Score:75

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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