The European Bank for Reconstruction and Development (EBRD) has approved a EUR 20 million loan to help restart and modernize production in the Sisak steel mill in Croatia.
The factory has been acquired by the Italian company Danieli and its subsidiary ABS, and is embarking on a restructuring and modernization program. Plans include restoration of the plant’s capacity to fully integrate the operations in Sisak into the production chain of the parent company.
The Sisak plant will produce semi-finished steel products that will then be transported either to ABS main facilities in Udine in Northern Italy, or to Germany and other markets.
The Sisak plant was chosen due to good transport connections with ABS’s major customers. It was previously owned by US CMC, which acquired the plant in 2007 and operated the plant until 2011, introducing certain new investments in steelmaking.