Name of the credit program: Private Sector Investment
Project / Investment title: Construction and equipping of a factory for the production of medium- and high-voltage energy cables for voltages ranging from 10 kV to 220 kV in Bedekovcina.
In July 2024, we began building of our third factory in the Poznanovec Business Zone, municipality of Bedekovčina. This new production facility will produce Medium and High Voltage power cables ranging from 10 kV to 220 kV. With this strategic investment of €40 million, we are significantly boosting our Group’s capacities and expanding our product line from Low Voltage to Medium and High Voltage cables.
The new 15,000 m² factory will include 12 production lines covering all six stages of manufacturing, as well as cutting-edge testing equipment to ensure product quality and safety. Construction is expected to be completed and production launched in the fourth quarter of 2025.
This is the initial step of the investment. In subsequent phases, we intend to expand our production program to include cables with voltage ratings of up to 500 kV. With this expansion, the overall investment is estimated to be around €100 million, reinforcing our long-term growth strategy and position as one of Europe’s top power cable manufacturers.
The project (first phase) is supported by a loan from the European Investment Bank with a subsidized interest rate and backed by a guarantee provided by the European Union through the NextGenerationEU Instrument.
In line with our strong commitment to sustainable development, the factory will be built to the highest European standards for energy efficiency and environmental protection. Modern materials and technology will be used during construction to reduce environmental impact, while the manufacturing process will be optimized for maximum energy efficiency.
This investment is a significant step in our development toward a more technologically advanced, energy-efficient, and sustainable industry.