Banca Comerciala Romana (BCR) acted as coordinator for a syndicated loan worth 51 million Euro granted to Pehart Tec Group, the largest producer of industrial paper rolls in Southeast Europe and the largest converter of household paper products in Romania, owned by Abris Capital Partners.

The financing will be used in the development of the company’s two factories in Petresti (Alba County) and Dej (Cluj County). In these two locations, Pehart intends to build new facilities for paper production, increase the converting area, invest in state-of-the-art equipment to increase production and develop the portfolio with new products; thus, the company will create new jobs for the local communities in the two cities.

 “Our development plans include investing 20 million Euro over three years, through a strong partnership with the banks that facilitated the loan. We are committed to being an example for the paper industry and, as we enter new markets, set a new standard of ethical and environmentally friendly development, constantly keeping in mind the local community and the creation of new jobs. a robust, people-oriented industry,” says Gabriel Stanciu, General Manager of Pehart Tec Group.

“BCR is an active supporter of the Romanian business environment and we are proud of the fact that we play an instrumental role in its success stories and that we support its operation process. When we finance financial investment projects or capital needs, we try to go beyond “and to create added value not only for the economy, but also for communities and employees. We finance not only the needs of the business, but also the courage”, says Eleonora Bacale, Head of Industries & TMT BCR.