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.
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).
+40 725 809 498
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 email@example.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.