TEKLAS Bulgaria

Location:

Bulgaria

Project number:

44150

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

B

Target board date:

26 Nov 2012

Status:

Repaying

PSD disclosed:

26 Oct 2012

 

Translated version of this PSD: Bulgarian

Project Description

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.

Transition Impact

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.

The Client

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.

EBRD Finance

The Bank’s financing will consist of senior debt of EUR 6 million.

Project Cost

EUR 13 million.

Environmental Impact

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.

Technical Cooperation

None.

Company Contact

Ms. Ecegül Kangaloğlu
Email: ekangaloglu@teklas.com.tr
Fax: +90 262 641 79 63

 

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

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.