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CMC Sisak

Sector: Waste Processing and Treatment • Location: Croatia

Source: International Finance Corporation (IFC)

Project
Completed

The proposed Euro160 million project consists of: - financing the acquisition of the state owned steel mill, - refinancing the debt assumed before privatization - funding new investments necessary for CMC Sisak d.o.o (CMCS, the company, or the borrower) turnaround and - funding the working capital requirement.CMC plans to implement modernization and expansion investments to improve CMCS operationa

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Project Information

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The project “CMC Sisak” is an infrastructure initiative in the Waste Processing and Treatment sector, located in Croatia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

The proposed Euro160 million project consists of: - financing the acquisition of the state owned steel mill, - refinancing the debt assumed before privatization - funding new investments necessary for CMC Sisak d.o.o (CMCS, the company, or the borrower) turnaround and - funding the working capital requirement.CMC plans to implement modernization and expansion investments to improve CMCS operational efficiency and competitiveness to bring the company in line with international standards. The investment program aims to: - reduce manufacturing costs, - improve product mix and quality, and - reduce emissions. It involves: - the construction of a new state-of-the art Electric Arc Furnace; - the installation of a Ladle Furnace (LF); - the modernization of the existing Continuous Billet Caster (CC), together with the installation of new Ladles and Tundishes; and - the installation of a fabric filter Bag House and Melt Shop sheeting.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

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Country

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State

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County

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

Project Type

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Article Published Date

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