DFF - Teraplast 1 (EBRD-49305)

Countries
  • Romania
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
Active
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
Mar 5, 2019
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
TeraPlast Group
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 17.73 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 16
Converted using 2019-12-03 exchange rate.
Project Cost (USD)
$ 21.50 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 19.4
Converted using 2019-12-03 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 21, 2020

Disclosed by Bank Dec 3, 2019


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Project Description

According to the Bank's website, this project finances the expansion of the steel business for two companies within TeraPlast Group; (i) EUR 5 million to Wetterbest SRL for the financing of a new roof systems production and storage facility in Romania; and (ii) EUR 11 million to TeraSteel for the refinancing of the costs associated with setting-up operations in Serbia for metallic sandwich panels production and developing the presence of the company in the region. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

TeraPlast Group is one of the leading manufacturers of materials for construction and installation markets in Romania, with production sites in two countries, Romania and Serbia. The production of the Group is structured in two main business lines: plastic division and steel division (which include metallic sandwich panel and metallic roofing activities).

Contact Information

Ioana Birta
ioana.birta@teraplast.ro
+40 725 809 498
www.teraplast.ro
Saratel village, Sieu-Magherus commune, Bistrita-Nasaud county, DN 15A, km 45+500, 427301, Romania

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.