EBRD Extends Loan to Serbian Producer of Concrete Reinforcement Steel – EUR 21.4 Million for Financing of Solar Panels and Scrap Processing

The European Bank for Reconstruction and Development (EBRD) has provided a loan of EUR 21.4 million to Metalfer Steel Mill d.o.o., Serbia’s leading manufacturer of concrete reinforcement steel, the EBRD says in a press release.

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

– Manufacturing is one of the sectors where reducing the use of energy and resources is most challenging, so we are happy to support two aspects of the low-carbon transition in this project: energy efficiency plus renewables – said Matteo Colangeli, EBRD Director for the Western Balkans.

He adds that increasing production will allow Metalfer to meet high demand from the construction industry, both domestically and potentially across the region, which has been hit by supply-chain disruptions in recent years.

The loan to Metalfer Steel Mill will increase the EBRD’s total commitment to Serbia to nearly EUR 8 billion, the press release says.

EBRD Evropska banka za obnovu i razvoj Beograd

Metalfer Steel Mill Sremska Mitrovica

European Bank for Reconstruction and Development

EBRD

Metalfer Steel Mill doo

concrete reinforcement steel

loan

solar power plant

construction of a solar power plant

scrap processing