October 01, 2014 7:37 AM ET

Metals and Mining

Company Overview of Kurum International Sh. A.

Company Overview

Kurum International Sh. A. produces iron and steel products including hot-rolled steel re-bars. The company also produces lime and industrial oxygen. The company is based in Elbasan, Albania. Kurum International Sh. A. operates as a subsidiary of Kurum Holding A.S.

Ish-Kombinati Metalurgjik

Elbasan,  3000

Albania

Phone:

355 54 256500

Fax:

355 54 257844

Key Executives for Kurum International Sh. A.

Kurum International Sh. A. does not have any Key Executives recorded.

Kurum International Sh. A. Key Developments

International Finance Corporation Extends EUR 106 Million Debt Facility to Albania's Kurum International for HPP Projects

The International Finance Corporation has extended a EUR 106 million ($144.6 million) debt facility to finance Albania-based Kurum International's acquisition and rehabilitation of four recently-privatised hydroelectric power plants (HPPs) in the country. It includes a EUR 33 million loan for IFC's own account and EUR 73 million of financing syndicated to a diverse group of commercial banks and developmental finance institutions. The financing includes B loans of EUR 27 million from FMO (Netherlands Development Finance Company), and EUR 14 million from Odeabank, the Turkish subsidiary of Lebanon's Bank Audi. It includes parallel loans of EUR 18 million from the Black Sea Trade and Development Bank, EUR 7.0 million from Albania's Banka Kombetare Tregtare, and EUR 7.0 million from Raiffeisen Bank Albania, which is also acting as the collateral agent.

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