25323 - SEF Konstruksion

Who We Are
Who We Are

IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.
More About Us
About IFC

Our Leadership

Development Partners
Accountability

Learn more about accountability
Annual Report

Download the Report
What We Do
What We Do

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.
What We Do Overview
SOLUTIONS

Our products and services
OUR PRIORITIES

Climate Business

Fragile & Conflict Afflicted Situations

Gender

Mobilizing Private Capital

Sustainability
SECTORS & EXPERTISE

Agribusiness & Forestry

Creative Industries

Education

Financial Institutions

Funds

Health

Infrastructure

Manufacturing

Public-Private Partnerships

Tourism, Retail & Property

Trade & Supply Chain Finance

Venture Capital

Working Upstream
Where We Work
Where We Work

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.
Overview
By Region

Africa

East Asia and Pacific

Europe

Latin America and the Caribbean

Middle East and Central Asia

South Asia
Our Impact
Our Impact

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.
Our Impact Overview
PRINCIPLES & MEASUREMENT

Impact Investing at IFC

Measuring and Monitoring (AIMM)

Evaluation

Sustainable Development Goals (SDGs)

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

For Partners

For Investors

Get in Touch

Summary of Proposed Investment

Project Number

25323

Company Name

Konstruksione Metalike shpk

Date SPI Disclosed

Sep 12, 2006

Country

Albania

Industry

Manufacturing

Projected Board Date

Oct 13, 2006

Status

Completed

Sector

Other Steel Products (Including Wire, Metal Sheets etc.)

Department

Regional Industry MAS LAC & EUR

Environmental Category

B - Limited

Previous Events

Approved : Jan 22, 2007
Signed : Jan 22, 2007
Invested : May 11, 2007

Project Description

Konstruksione Metalike, is the largest locally-owned producer of heavy and light steel structures and steel frames in Albania. The company currently imports and customizes locally approximately 2,000 tonnes of steel structures a year. This project involves:

- expanding steel-finishing capacity to approximately 4,000 tonnes of steel structure per year through the construction of a larger site in Vora, an industrial area adjacent to Tirana; and
- purchasing new cutting and welding machinery and transport equipment to sustain the expansion and improve operational efficiencies.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	2.56
Equity

Development Impact

The project contributes to the development and sophistication of Albania’s domestic steel industry, which to date relies heavily on imports of finished steel structures from the region. Konstruksione Metalike is the only domestic company with the ability to cut, weld, paint and finish steel structures in a manner that is directly comparable to finished products imported from other countries. The company is the only one in the country to use AutoCAD-based design technology. As the Albanian construction industry continues to grow and demand for steel rises, Albanians will benefit through the project from larger quantities of affordable and readily available domestic steel structures.

The company employs 65 people, who receive higher salaries than the industry average in Albania. With the proposed project, an estimated additional 40 workers will be hired and properly trained. Development impacts that will be monitored during supervision include the company’s financial performance and transition to higher value-added products.

IFC has played an important role in helping small companies, like Konstruksione Metalike, that are leaders in their industry sectors and that have potential for strong growth. IFC has provided technical assistance to such companies through SEED-Albania technical assistance facility, including to Konstruksione Metalike with ISO-2000 trainings. Through this project, IFC is helping complete the project’s financing package with long-term financing and is working closely with the sponsors to help strengthen the company’s corporate governance and environmental practices.

The project involves the construction and operation of a new workshop and office facilities for a company in the large metal structures business to be located in an industrial zone near Tirana. Based on the site visits and discussions with Konstruksione Metalike management, IFC believes this project will have limited potential adverse environmental and social impacts. Also any impacts will be few in number, site-specific, reversible and easily addressed through agreed mitigation measures. As a result this is a Category B project.

Contacts

For Inquiries About the Project, Contact

Dr. Ing. Fatos Miraci, Administrator
Rr. “Vaso Pasha”, P.24, Shk. 2, Ap.11
Tirana - Albania
Cell.: 011-355-68-20-26708
Telephone/Fax: 011-355-4-227-438
Fax: 011-355-4-22561
E-mail: ishpk@icc-al.eu.org

For Inquiries and Comments About IFC, Contact

General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Projects

Summary of Proposed Investment

Project Description

Sponsor / Cost / Location

Development Impact

Similar Projects

Contacts

Projects

Summary of Proposed Investment

Project Description

Sponsor / Cost / Location

Project Sponsor and Major Shareholders of Project Company

Total Project Cost and Amount and Nature of IFC's Investment

Board Approved IFC Investment

Location of Project and Description of Site

Development Impact

Anticipated Impact Measurement & Monitoring (AIMM) Assessment

IFC's Expected Development Contribution

Environmental and Social Issues - Category

Press-Release

Related ESRS/ERS

Similar Projects

Contacts

Disclaimer