DFF: Wuppermann Hungary Kft (EBRD-47326)

Countries
  • Hungary
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 26, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Wuppermann Hungary Kft
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 10,000,000.00
Converted using 2016-05-26 exchange rate.
Project Cost (USD)
$ 112.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 102,500,000.00
Converted using 2016-05-26 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 22, 2017

Disclosed by Bank Jun 15, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
The EBRD has provided financing to Wuppermann Hungary Kft. in the form of portage equity. This project is Wuppermann's first investment in Hungary and the second largest independent galvanising company in Europe. The greenfield plant in Gyor-Gonyu will replace Wuppermann's existing plant in Linz. The production activities are expected to commence in the last quarter of 2016.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
WUPPERMANN HUNGARY KFT is a German family-owned company with a track record of over 140 years. The company specializes in production of galvanised steel strips, welded tubes, profiles and intermediary steel components. The majority of its products are sold in Germany and other EU countries.
Contact Information
Wuppermann AG info@wuppermann.com +49 (0) 21 71 50 00 800 +49 (0) 21 71 50 00 802 Ottostra├če 5 D-51381 Leverkusen Germany ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.