EBRD supports expansion of automotive production in Bosnia and Herzegovina
Bosnia and Herzegovina, Oct. 29 -- The European Bank for Reconstruction and Development (EBRD) is providing a €15 million loan to Selzer Automotive Bosnia, a manufacturer of ready-to-install metal components and assemblies for the automotive industry.The investment will finance new machinery, tools and production equipment at the company's plant in Bosnia and Herzegovina. Most of the initial loan will support the production of components for electric and low-emission hybrid vehicles, including rotor shafts used in electric motors and components for hybrid-vehicle transmissions.The project will help Selzer Automotive Bosnia expand production, improve its operational performance and strengthen its integration into European automotive su...
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