According to the Bank’s website, the project consists of CANPACK S.A.’s ongoing investment in CANPACK Ukraine LLC, an aluminum can manufacturing facility in Ukraine.

The Project is expected to have a positive development impact in Ukraine by supporting the private sector to sustain jobs and generate local income. The ongoing conflict has created considerable challenges for the Ukrainian economy, with GDP dropping by nearly 30% in 2022 and unemployment standing at over 10% as of early 2024. By supporting the continued operations of an aluminum can manufacturer, DFC will help sustain hundreds of jobs, generate tax revenue, and provide income through domestic procurement.

The Project has been screened as Category B because impacts associated with operational manufacturing facilities are considered to be site specific and readily mitigated.

Based on DFC’s desktop review, including of past MIGA reporting, the CANPACK facility is located within a larger industrial estate. No conversion of land occurred during the initial development of the facility in 2003, and none was required for an expansion that took place in 2008. Significant adverse impacts with respect to land acquisition and resettlement, biodiversity, indigenous peoples, and cultural heritage are not anticipated.

Key potential environmental and social risks include the need for a strong labor management system, occupational health and safety (OHS) of Project workers, and waste management.

The Project is expected to emit ~2,070 metric tonnes of CO2 equivalent (CO2e) annually from direct combustion (Scope 1), and ~4,500 metric tonnes of CO2e annually from purchased electricity (Scope 2). Wastewater is processed by an on-site wastewater treatment plant, and then goes to the municipal sewage system. The largest volumes of generated waste include non-ferrous and ferrous scrap metal, paper/cardboard, low-density (high-pressure) polyethylene, and wood/wood products. The only hazardous waste stream is a small amount of the fluorescent lamps. 

Investment Amount: Approximately $64,200,000
Investment Type: Equity
Insurance Amount: $25,000,000
Total Project Costs: Approximately $64,200,000

CANPACK S.A. is a Polish multinational company and a global leader in the manufacture of sustainable aluminum, glass, and metal packaging for the food and beverage industries.

CANPACK Ukraine LLC is the largest supplier of beverage cans in Ukraine, and its parent company, CANPACK S.A., is the third-largest in Europe.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

Unlike many other development finance institutions, DFC does not currently have an access to information policy.

Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia

ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)

The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.

You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability