EBRD extends loan of up to PLN 400 million to Tele Fonika Kable
Poland, July 22 -- The European Bank for Reconstruction and Development (EBRD) is lending up to PLN 400 million (€92 million equivalent) to Tele-Fonika Kable, a leading European producer of power cables, to support the expansion of its medium and high voltage cable manufacturing and related research and development in Poland. The loan is being provided as part of a PLN 2.36 billion financing package with a consortium of banks.Tele-Fonika Kable will primarily use the loan to expand production at its Bydgoszcz facility and to develop new laboratory and testing capabilities at the site. This will help strengthen Poland's domestic manufacturing capacity for equipment that is critical to the modernisation of electricity transmission and di...
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