EBRD LOAN FOR ROMANIA STEEL MANUFACTURER
October 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction & Development (EBRD) is planning to lend Romanian steel maker Donasid Euro 10 million to upgrade and increase production of round billets, used for seamless pipe manufacture. The loan will help the Tenaris-owned plant in south-east Romania boost annual production to 425,000 tons by 2009, from 230,000 tons in 2006. This will mainly supply seamless tube producer Silcotub Zalau in north-west Romania, also owned by tube giant Tenaris. An EBRD note said: "The project will successfully restructure a ...
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