Tvornica Opeke Sarajevo (TOS)

Location:

Bosnia and Herzegovina

Project number:

35710

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

B

Target board date:

26 Jul 2005

Status:

Repaying

PSD disclosed:

05 May 2005

Project Description

The proposed project consists of the renovation of a disused brick factory in Sarajevo for production of a range of clay bricks. The funds will be used for the reconstruction of the building and acquisition of new equipment for TOS, a subsidiary of Nasicecement d.o.o from Croatia (the “Sponsor”). The Sponsor is a cement and building materials producer with operations in the former Yugoslav region. The aim is to support the Sponsor in becoming a diversified producer of building materials.

Transition Impact

The main transition impact of the proposed project will derive from the increased competition due to higher local production, a new product range of high quality and improved cost effectiveness. The proposed project will promote cross-border investments and regional consolidation in the industry.

TOS will be organised with best standards of practice and corporate governance. It will follow the corporate governance guidelines of the Sponsor that will include transparent processes and procedures in decision making. The proposed project will benefit from a management and human resources plan that the Sponsor is currently implementing.

The Client

TOS, as a subsidiary of the Sponsor established to own and operate a brick factory in Sarajevo for production of a range of clay bricks.

EBRD Finance

EUR 6.2 million senior debt.

Project Cost

EUR 13.2 million.

Environmental Impact

The project has been classified B/1, requiring an environmental analysis and an environmental audit.

The environmental investigations are under way. The project will be structured to meet applicable EU standards or other good international practice. An environmental action plan will be agreed between the Company and the Bank. In accordance with Bank requirements, a summary of the relevant environmental issues associated with the project and mitigation measures, action plans and other initiatives agreed will be disclosed in the local language at or near the project site. The Company will provide the Bank with annual environmental reports.

This section will be updated and amended as soon as the environmental due diligence has been completed.

 

Technical Cooperation

None.

Company Contact

Dario Sertic, Chief Financial Officer, Nasicecement d.o.o.
Nasicecement d.o.o.
Tajnovac 1
Soljan
31500 Nasice
Croatia

Tel: 385 31 616 374
Fax: 385 31 609 029

Email: dario.sertic@nasicecement.hr

 

Business opportunities

For business opportunities or procurement, contact the client company.

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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.