Slovenia: Salonit receives EUR15m EBRD loan

Slovenia: Salonit receives EUR15m EBRD loan
14 December 2016

The European Bank for Reconstruction and Development (EBRD) has announced it is to provide a EUR15m loan to Salonit Anhovo to help it improve its operations. The funds will be used for energy and resource efficiency improvements and to restructure the company’s balance sheet.

Salonit operates the largest cement works in Slovenia and alternative fuels account for 64 per cent of all fuel used for burning clinker. The EBRD loan, which will enable the installation of state-of-the-art equipment, will increase this share further to improve the company’s profitability and reduce CO2 emissions.

The investment will move Salonit in to the top one per cent of the EU cement industry in terms of efficiency and low carbon intensity.

Published under Cement News