In December 2018, OeEB signed a long-term loan of EUR 10 million to Bosnian AS Group. The company will use the funds to expand its production capacities and to invest in energy efficiency measures.
|Project name||AS Group|
|Project country||Bosnia and Herzegovina|
|OeEB project volume||EUR 10 million|
AS Group was founded in 1996 and is active in the production and distribution of food and textiles. With over 3,000 employees, the group is one of the largest private employers in Bosnia and Herzegovina.
The loan provided by OeEB enables the company to expand its production capacity, build new production lines and invest in modern, energy-efficient facilities. The planned production expansion contributes to strengthening the Bosnian food industry and thus to generating income and government revenue. In addition, the investments help secure jobs at AS Group and are expected to create around 300 new jobs.
In addition, OeEB provides Technical Assistance funds for the implementation of an Environmental & Social Action Plan (ESAP) at AC Food - part of AS Holding. This is to ensure compliance with international environmental and social standards. The capacity building project includes the implementation and certification of ISO 14001 (environmental management systems) and ISO 45001 (occupational health and safety). The project is accompanied by the consultant Top Consult Grupa (Croatia). The ISO certification was carried out by TÜV Croatia.