EBRD lends EUR 15 million to Serbia’s Feka Automotive

The European Bank for Reconstruction and Development (EBRD) is extending a EUR 15 million loan to Feka Automotive, 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 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.