Project Notice |
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| PNR | 43622 |
| Project Name | DFF - Umka Cardboard |
| Project Detail | Provision of a EUR 10 million senior secured loan to Umka d.o.o. (Umka or the borrower), a limited liability company incorporated in Serbia and the leading recycled cardboard manufacturer in the Western Balkans region. The loan proceeds will be used to finance a part of the companys EUR 44.5 million investment in the expansion of its manufacturing capacity through an upgrade of the existing cardboard machine. Project Objectives The investment will result in: Higher energy/resource efficiency of Umkas operations resulting in lower energy intensity of its operations in terms of electricity and gas spent per unit of product. The increase in operating scale and removal of bottlenecks will result in lower input costs and operating cost per unit of product, making the company more cost efficient and more competitive. Environmental benefits since the company will invest in a new system for aerobic and anaerobic treatment of the plants wastewater discharge. Increase in waste paper collection and recycling in Serbia and the Western Balkans region thanks to Umkas post-project substantial increase in waste paper recycling. Introduction of coated liners as a new product category with higher profit margin as well as improvement of existing products quality is expected to result in increase of Umkas share of sales with existing customers as well as to acquire new customers that require higher quality of cardboard. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Oil & Gas |
| Country | Serbia , Southern Europe |
| Project Value | RSD 44,500,000 |
Contact Information |
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| Company Name | UMKA DOO |
| Address | Jadranka Priljeva jadranka.priljeva@umka.rs 381 11 3602 600 https://www.umka.rs Fabrika kartona Umka d.o.o., 13. oktobra 1, 11260 Umka, Serbia |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/51894.html |
