Translated version of this PSD: Bulgarian
The EBRD is considering investing in a new, state-of-the-art factory and modern equipment for the production of sophisticated rubber and plastic automotive components at a production site in the industrial zone of Bulgaria’s southern town of Kardjali.
The project will demonstrate the advantages of investing in new technologies for the production of rubber and plastic components for the automotive industry.
As an expected result, Teklas Bulgaria, a subsidiary of a Turkish automotive components producer, will increase the number of its local suppliers, while the existing ones will improve the quality of their products.
Local workers will be trained in handling the new technology, while the company will advance its co-operation with local schools.
TEKLAS Bulgaria AD is a subsidiary of TEKLAS KAUCUK SANAYI ve TIKARET A.S. a Turkish automotive components producer and supplier of rubber, plastic and metal parts for global light vehicle manufacturers.
The Bank’s financing will consist of senior debt of EUR 6 million.
EUR 13 million.
The project has been categorised B in accordance with the EBRD’s 2008 Environment and Social Policy and due diligence has confirmed that potential adverse environmental and/or social impacts associated with the project are site-specific and can readily be identified and addressed through mitigation measures.
Environmental and social due diligence has been undertaken by the Bank’s specialists and included a review of the company’s questionnaire and disclosures and follow-up discussions with company management on specific elements of the operational performance.
The environmental and social due diligence concluded that the risk profile of the company is relatively low and that the existing policies, procedures and systems in place are adequate to manage any residual risks. Therefore, overall operational performance of the company is in line with EBRD requirements and no significant corrective actions are required.
The company will be monitored through its annual reports.
Ms. Ecegül Kangaloğlu
Fax: +90 262 641 79 63
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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