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Poland: Loan To Aid Manufacturer Of Fasteners

London, 17 December 1996 (RFE/RL) -- The European Bank for Reconstruction and Development (EBRD) is investing $4 million in Poland's leading manufacturer of industrial fasteners, Srubena S.A.

This is part of the bank's strategy of providing support for the mass privatization program in Poland

EBRD officials say the financing will enable the firm to improve its manufacturing facilities and strengthen its competitive position both on the local market and internationally.

Srubena, located in Zywiec, in southeast Poland, is the country's largest manufacturer of bolts, nuts, screws and other fasteners.

In 1995 it had a turnover of about 40 million people and employed about 1,300 people. Exports accounted for half of all sales.