Translated version of this PSD: Slovenian
The provision of a long-term loan of up to EUR 15 million to Salonit Anhovo d.d. ("Salonit", the "Company"), a vertically integrated Slovenian building materials producer.
The loan will be used to finance energy and resource efficiency investments by the Company, inb particular, the installation of equipment required to increase the ratio of alternative fuels ("AF") as well as to restructure its balance sheet.
The transition impact of the proposed investment will derive from setting standards of corporate governance and business conduct. Specifically, the project pushes the technological frontier within EBRD countries of operations (and worldwide) by supporting the introduction of hot-disk technology in combination with a chlorine-by-pass system, which will result in significant energy and resource savings.
SALONIT ANHOVO, D.D.
Salonit, founded in 1919, is the leading vertically integrated building materials producer in Slovenia, producing aggregates, clinker, cement and concrete. Salonit is headquartered in Anhovo, with facilities concentrated in Slovenia. The Company is owned by Austria-based Wietersdorfer Group (71.6%), Italy-based Buzzi Unicem (25%) and ca. 400 minority shareholders (3.4%) who are primarily (ex-)employees. Salonit 2015 sales amounted to EUR 58.5m, with EBITDA at EUR 15.5m. The Company operates the largest processing facility in Slovenia with ca. 1.3m tonnes linker/year
capacity, which is also one of the most technologically advanced in the EU.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised B. Environmental and social issues associated with the project are site specific and can be readily assessed and mitigated as part of an Environmental and Social Due Diligence ("ESDD"). A fit for purpose ESDD was undertaken by the Bank of the Company. This included a site visit and a review of questionnaires completed by the Client followed by an independent audit and assessment of the Company, its current and past operations as well as the proposed investment program. The ESDD has confirmed that the Company has the capacity to fully implement the Bank's Performance Requirements ("PRs"), and is in compliance with National and EU legislation. Salonit has a dedicated EHS manager and is certified to ISO 14001 and OHSAS 18001. The Company is well managed with good house-keeping, however, due to the sites being in close proximity to residential areas in a valley, there are ongoing needs to manage environmental and social impacts, such as noise and traffic. The plant is located in a sensitive location, with Natura 2000 areas in the near vicinity, although confirmed by the independent audit the Company's operations are not impacting any Natura 2000 site. The Company is developing a comprehensive program to address these challenges together with the local community and local authorities. It should be noted that Salonit has a well-developed site specific stakeholder engagement plan ("SEP") which forms part of a site specific social, environmental, health and safety management system.
Salonit has made progress in addressing environmental liability issues and has made significant investments in environmental abatement system and best practice at the plant and the associated quarry. The cement plant has a valid integrated permit, in line with the requirements of the Industrial Emissions Directive ("IED"), and is subject to regular inspection from the regulators. To ensure ongoing compliance and the implementation of Best Available Techniques ("BAT") in accordance with good international practice, the Company has made significant investments in technological and environmental upgrades, notably upgrading air filters, reducing fugitive emissions as well as further energy and water efficiency measures.
The current on-going investment program and the use of AF will further help to reduce the environmental and social impacts of the plant. The new investment has been assessed by the independent consultant, and this has been confirmed as complying with the requirements of BAT.
The new investment has also been permitted by the local Competent Authorities. The Company is developing a program to manage possible concerns of Civil Society Organization ("CSO") in Slovenia as well as the local community due to the perceived challenges of use of AF.
A Non-Technical Summary ("NTS") and SEP and complaint procedure have been developed for the Project, which will be disclosed on the Company web site.
Company Contact Information
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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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.