MAKSTIL

Location:

FYR Macedonia

Project number:

5107

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

B

Target board date:

15 Sep 1998

Status:

Complete

PSD disclosed:

02 Jul 1998

Project Description

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.

Transition Impact

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.

The Client

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.

EBRD Finance

US$ 15 million (ECU 13.5 million) loan.

Project Cost

US$ 70 million (ECU 63 million).

Environmental Impact

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.

Technical Cooperation

None

Company Contact

 

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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Text of the PIP

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Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.