The European Investment Bank (EIB) is lending 16.5M Euros to Polish company BA Glass Group for the upgrading and expansion of two container glass production facilities. The loan is the first tranche of the total approved financing of up to 50M Euros for the project. This EIB support for the glass industry in Poland will considerably contribute to strengthening the economic attractiveness and of the Wielkopolska and Opolskie regions. The investments will result in a significant increase in the production capacity of the plants located in Sierakow (Warta Glass) and Jedlice (BA Group). The new technology applied will enable the production of better quality, lighter glass containers, thus saving raw materials and energy in transportation. The modernisation process is expected to be completed by 2016.
