EIB agrees €65m loan to lead and zinc group KCM
The European Investment Bank is to provide a €65 million loan to KCM AD, a Bulgarian producer of lead and zinc, to raise its production output by 25%.
At the same time, the company’s use of recycled materials will increase significantly, resulting in a more efficient and sustainable production process.
KCM AD will use the EIB loan for its technological upgrade programme for 2020-2023. The programme includes the modernisation and expansion of the company’s lead and precious metals refining unit and zinc electrolysis unit.
The project will increase the recycling capacity for different types of secondary waste lead and zinc materials by 15 percentage points. Secondary materials currently make up some 20% of the total refined lead and zinc output, while the project will bring the share of secondary materials to about 35%.
