SSL Bosnia II

completed

The proposed project is to provide further support to Sisecam, up to €15 million, to continue the restructuring of its Bosnian subsidiary SSL, and thereby reinforce the turnaround after privatization. The new investment program (“the Project”) is expected to (i) increase SSL’s operational efficiency through renovation investments and equipment upgrades, that will at the same time result in a capacity increase to enable economies of scale, (ii) improve environmental performance through additional investments related to the existing Action Plan, such as waste water treatment, air emission control equipment and Clean Production (especially energy savings and material) projects, and (iii) replace short-term debt with long-term funding. SSL plant is located in the Tuzla Canton of the Federation Bosnia Herzegovina on the outskirt of the city of Lukavac (140 km north of the capital Sarajevo and 14 km west of Tuzla).