EBRD Loans €21,4M to Serbian Metalfer for Greener Steel Production

EBRD Loans Sirp Metalfer Million E for Greener Steel Production
EBRD Loans €21,4M to Serbian Metalfer for Greener Steel Production

📩 12/01/2023 16:11

The European Bank for Reconstruction and Development (EBRD) provided a 21,4 million Euro loan to Serbia's leading concrete reinforcing steel producer Metalfer Still Mill doo.

The loan will finance the construction of a new rolling mill for processing scrap metal and semi-finished products, which will increase efficiency and reduce emissions, as well as a new rooftop solar photovoltaic (PV) mini-plant producing up to 4 MW. renewable energy to meet production needs.

“Manufacturing is one of the sectors where it is most difficult to reduce energy and resource use, so we are happy to support two aspects of the low-carbon transition in this project: energy efficiency plus renewable energy,” said EBRD Director Matteo Colangeli. Western Balkans. In addition, increased production will enable Metalfer to meet high demand from the construction industry both domestically and potentially throughout the region, which has been affected by supply chain disruptions in recent years.”

Founded in 2005 in Serbia, Metalfer Steel Mill doo has become a major producer of products such as steel billets, rebar and wire rods using locally sourced scrap metal. The company operates a rolling mill and a foundry and supplies its products mainly to the local construction industry.

The loan to Metalfer Still Mill will increase the EBRD's total commitment to Serbia to approximately €8 billion.

The EBRD invested 2022 million Euros in the Serbian economy in 648 alone.

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