📋 Tender Overview
Location:
Croatia
Project number:
55265
Business sector:
Manufacturing and Services
Notice type:
Private
Environmental category:
B
Approval date:
12 Feb 2025
Status:
Exploratory
English-language PSD published:
08 Jan 2025
Project Description
Senior secured loan of up to €50 million to BMT Alutech Solutions Croatia (the "Company"), to finance a green-field capex into manufacturing facility for a second-generation brake-by-wire systems. The loan will be guaranteed by BMT International Group.
Project Objectives
The loan proceeds will be utilized to finance the Company's capital expenditures into purchase and installation of equipment for production of innovative brake systems to be used in electric and hybrid vehicles.
Transition Impact
ETI score: 60
Transition impact will stem from the Green quality as the project supports decarbonisation of transportation and development of EV supply chains through production of brake components that will be used in electric and hybrid vehicles. With a focus on green transition quality, the project is 60 per cent (GET) certified and has been rated via the GET Direct Track methodology.
Client Information
BMT ALUTECH SOLUTIONS CR
BMT Alutech Solutions Croatia, a limited liability company established in Croatia, that will specialise in production of valve blocks for automotive sector. The Client is via BMT Alutech Solutions Belgium owned by Belgian BMT International Group.
BMT International is one of the leading industrial groups in Belgium operating in 4 key divisions - automotive, aerospace, glass moulding and foundries and general industrial sector.
EBRD Finance Summary
EUR 50,000,000.00
Total Project Cost
EUR 50,000,000.00
Confidential
Additionality
Long tenor with adequate grace period that fits the needs of this greenfield investment. Also, the client will comply with the EBRD environmental and social requirements, thus accepting E&S standards that exceed national requirements.
Environmental and Social Summary
Categorised B (ESP 2019). The Environmental and Social (E&S) Due Diligence was completed by ESD which included a review of questionnaires and the documentation available. The key E&S risks and impacts associated with the purchase and installation of machinery and equipment are readily identified and manageable. The building will be leased from a sister company and is already constructed in an industrial zone. The national screening procedure confirmed that no EIA is required for the project. The project is also internally processed under InvestEU Framework with approval delegation to the EBRD. There is no requirement for a separate EU approval. Accordingly, the ESDD also included compliance check in line Invest EU requirements and screening E&S aspects in line with EU DNHS. BMT Alutech Solutions Croatia d.o.o. is a new Client to the Bank and is a new entity established under BMT International Belgium Group. ESDD included a
