EBRD grants a loan to Feka Automotive to expand its Ćuprija factory

The European Bank for Reconstruction and Development (EBRD) is supporting the investment by extending a €15 million loan to Feka Automotive (Feka), producer of automotive lighting.

Feka, which has supply contracts with leading international car manufacturers such as Toyota, Volkswagen and Stellantis, will use the funds to improve its overall efficiency and increase the availability of reliable lighting devices to customers around the world.

The EBRD loan will help Feka, a subsidiary of Turkish Feka Otomotive, to construct a new energy-efficient production facility adjacent to its principal production facility near Ćuprija in central Serbia. The funds will also be used for the acquisition of rooftop solar panels and the installation of new state-of-the-art, energy-efficient production lines and equipment.

The new production buildings are designed to achieve B-rated energy performance levels, which is above the national requirement. The project’s scope also includes the acquisition of advanced production technology that promises superior energy and production efficiency. By implementing these upgrades, Feka aims to significantly reduce energy consumption.

The EBRD is a leading institutional investor in Serbia and has now invested more than €9 billion through 353 projects, of which the majority have supported the private sector. The Bank’s focus in Serbia is on supporting private-sector competitiveness, green-energy transition and sustainable infrastructure.

(Danas, 18.04.2024)

https://www.danas.rs/vesti/ekonomija/ebrd-feka-jagodina/

 

This post is also available in: Italiano

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