Feka Automotive to build energy-efficient production facility – EBRD approves EUR 15 million

The European Bank for Reconstruction and Development (EBRD) is supporting the investment by extending a EUR 15 million loan to Feka Automotive (Feka), a Serbia-based producer of automotive lighting.

Feka, which has supply contracts with leading international car manufacturers such as Toyota, Volkswagen and Stellantis, will use the funds to improve its overall efficiency and increase the availability of reliable lighting devices to customers around the world, the EBRD says in a press release.

The EBRD loan will help Feka, a subsidiary of Turkish Feka Otomotiv A.S, to construct a new energy-efficient production facility adjacent to its principal production facility near Cuprija in central Serbia. The funds will also be used for the acquisition of rooftop solar panels and the installation of new state-of-the-art, energy-efficient production lines and equipment.

The new production buildings are designed to achieve B-rated energy performance levels, which is above the national requirement, it is added. The project’s scope also includes the acquisition of advanced production technology that promises superior energy and production efficiency. By implementing these upgrades, Feka aims to significantly reduce energy consumption.

EBRD Evropska banka za obnovu i razvoj Beograd

FEKA Automotive d.o.o. Ćuprija

European Bank for Reconstruction and Development

EBRD

Feka Automotive

Feka Automotive AS

production of automotive lighting

construction of energy efficient production facility

rooftop solar panels