Project number:


Business sector:

Manufacturing and Services

Notice type:


Environmental category:


Approval date:

30 Sep 1997



PSD disclosed:

05 Sep 1997


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


Company Contact



Business opportunities

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Public Information Policy (PIP)

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Text of the PIP

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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