AQUASAVA 2 D.O.O.

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 4397

Status Complete

Location

Slovenia

Business Sector

Manufacturing and Services

Notice Type

Private

Project timeline

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

Project ID 4397

Status Complete

Location

Slovenia

Business Sector

Manufacturing and Services

Notice Type

Private

Environmental Category

Approval Date

30 Sep 1997

Disclosure date

05 Sep 1997

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 of DM 10 million to modernise the existing cotton production line at Aquasava d.o.o. through the replacement of old equipment and to expand the cotton product range through the purchase of new cotton weaving equipment.

The project is effectively a continuation of the existing Aquasava1 project signed in 1994. This consisted of the modernisation and upgrading of the production facilities of the cotton spinning and weaving operations, the polyester weaving and the nylon twisting and heat-setting sections. Aquasava2 has the objective of investing in equipment which will: (i) increase the company's competitiveness in the cotton spinning sector, while also increasing the production capacity of cotton weaving products; and (ii) expand the production capacity of polyester weaving and printed products, while targeting the high added-value market segment.

Transition Impact

The EBRD's investment in the company will strongly promote the development of the private sector, and in particular of a good blue-chip textile company at an important strategic phase in its development. Aquasava will be able to stand alone in the cotton and polyester markets after benefiting from the investment, while building up strong competitive advantages against western European producers in the high-quality segment of the market.

The Client

Aquasava d.o.o., Kranj, Slovenia.

EBRD Finance

DM 10 million: DM 7 million in the form of a subscription to a quota of Aquasava's shareholder capital and DM 3 million in the form of a secured senior loan.

Project Cost

DM 21.66 million (ECU 11.16 million).

Environmental Impact

The project requires an Environmental Audit and Analysis to examine the impact of the Bank's investment. The project focuses exclusively on the provision of new machinery, all of which will be in compliance with EU standards for environment and safety.

Technical Cooperation

None

Company Contact

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.

Our story

How we invest in changing lives

What we offer for businesses

Search