Dräexlmaier attracts 40 million EUR financing from EBRD

Dräexlmaier, the German producer of automotive components and one of the largest employers in Romania, attracted a financing of 40 million EUR from the European Bank of Reconstruction and Development (EBRD) through an emission of hybrid bonds.

The financing adds to another 50 million EUR from a previous loan, bringing the project financing volume to a total of 90 million EUR. The funds are going to be used to increase the production capacity of the factories in Romania, Serbia, Macedonia and Tunisia, and also for financing a new production plant in Republic of Moldova. 

Dräexlmaier is present in Romania since 1993 and owns production plants in five cities: Satu Mare, Pitesti, Timisoara, Hunedoara, and Brasov. The group is present in over 20 countries with approximately 60 units that produce electrical and electronic systems, luxury interiors and board systems for automobile, including Mercedes-Benz, Porsche and BMW.

by Mihaela Constantin