PROJECT

Projects

Summary of Proposed Investment

Project Number

27038

Company Name

NEWKO BALKAN SH.P.K.

Date SPI Disclosed

Feb 11, 2010

Country

Kosovo

Industry

Manufacturing

Projected Board Date

Mar 26, 2010

Status

Completed

Sector

Agriculture, Construction, and Mining Machinery

Department

Regional Industry MAS LAC & EUR

Environmental Category

B - Limited

Previous Events

Approved : Jun 3, 2010
Signed : Jun 23, 2010
Invested : Sep 8, 2010

Project Description

Ozer Konveyor Band Turizm Sanayi ve Ticaret A.S. (the “Sponsor”, or “Ozer Band”), a mid-sized Turkish conveyor belt manufacturer, is carrying out a modernization and expansion program for its subsidiary Newko Balkan L.L.C. (the “Borrower”) incorporated in Kosovo to improve its competitiveness and widen its product range . The Sponsor asked IFC to provide an A Loan of up to EUR 6 million to Newko Balkan (the “Project”). The Borrower, which was privatized in 2005 by the Kosovo Trust Agency (“KTA”) enjoys a 40 years experience in conveyor belt manufacturing. Similarly, the Sponsor has 34 years experience in conveyor belt manufacturing; and more than 60 years experience in the rubber industry.

Sponsor / Cost / Location

Development Impact