Croatian pharmaceutical packaging producer Piramida d.o.o. will receive an investment of 3.6m from EBRD to strengthen and expand its production.
Of €3.6m, €2.7m will be used for balance sheet restructuring and €0.9m will finance the additional production facilities.
Piramida CEO Kresimir Hlede said that the investment would mark a change in the company's production facilities.
"Modernisation and extension of the production plant and introduction of new ampoules and vials lines will enable Piramida to create a competitive advantage, providing greater reliability and flexibility to our customers," Hlede added.
The EBRD loan to Piramida is being arranged under the EBRD Local Enterprise Facility, an investment instrument providing long-term financing to small and medium-sized enterprises in the Western Balkans, Turkey and the SEMED region (Egypt, Jordan, Morocco and Tunisia).
