EBRD lends €42 million to support Polish ceramic manufacturer operating in Ukraine
April 19, 2023

EBRD lends €42 million to support Polish ceramic manufacturer operating in Ukraine

The European Bank for Reconstruction and Development (EBRD) is lending €42 million to Cersanit SA, a leading Polish ceramic tile and bathroom equipment manufacturer with a large operation in Ukraine. This support is expected to play an important role in the reconstruction of infrastructure damaged by the war.

The long-term funding will help the company complete multiple investments in both Ukraine and Poland as well as manage its working capital needs. In particular, the EBRD finance will enable the Cersanit group to scale up tile and sanitaryware production in Ukraine and complete a project for manufacturing large-format ceramic tiles at the same plant in Ukraine.

Russia’s war against Ukraine forced Cersanit’s Ukrainian subsidiary, Cersanit Invest LLC, which employs about 1,200 staff, to temporarily halt production. The war also prompted the company to make a strategic decision to dispose of its assets in Russia, which had accounted for nearly one-fifth of the group’s total sales.

Find out more

Press release


Interested in the latest news and opportunities?

This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a GOPA PACE-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.

The information on this site is subject to a Disclaimer and Protection of personal data. © European Union,