PROJECT

Projects

Summary of Investment Information

Project Number

44794

Company Name

NEWKO BALKAN SH.P.K.

Date SPI Disclosed

Jul 16, 2021

Country

Kosovo

Region

Europe

Projected Board Date

Sep 15, 2021

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jan 7, 2023

Department

Regional Industry MAS LAC & EUR

Industry

Manufacturing

Previous Events

Approved : Jun 9, 2022
Signed : Jun 30, 2022
Invested : Jan 5, 2023

Sector

Other Plastic and Rubber Products (Including Polypropylene Bags, Housing Components, Containers, etc.)

Project Description

Newko Balkan SH.P.K (“Newko Balkan” or the “Company”), a Republic of Kosovo-based manufacturer of conveyor belts, seeks a senior IFC A loan of up to EUR4 million (the “IFC Loan”) to help fund (i) the Company’s COVID-related working capital needs and (ii) upgrade investments to increase efficiency and expand production operations (the “Project”).  The Project will be IFC’s second engagement with the Company following IFC’s initial investment in 2010 to support Newko Balkan’s post-privatization ramp-up and refurbishment investments.

Associated Advisory Engagement

n/a                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation