Project Notice
|
PNR |
71115 |
Project Name |
DFF - Angren Insulation/Ecoclimat 2 |
Project Detail |
The provision of a US$ 6 million senior secured loan to Angren Group (Group) engaged in the production of glass wool thermal insulation materials and glass veil in Uzbekistan. The loan will finance the purchase of colouring machines and associated working capital for the existing glass veil manufacturing plant, and balance sheet restructuring through the refinancing of the outstanding balance of the existing EBRD loan. Project Objectives The project aims to boost competitiveness and enhance governance. The project will allow expanding glass veil production to meet growing local demand for more customised products. In parallel, the co-borrowers will develop a Corporate Governance Action Plan. |
Funded By |
European Bank for Reconstruction and Development (EBRD) |
Sector |
Services |
Country |
Uzbekistan , Central Asia |
Project Value |
UZS 6,000,000
|