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The proposed investment includes USD 15 million Straight Senior Loan to Vinavil for the expansion of Vinavil's emulsions and polymer production business by diversifying production portfolio with Polystrene Acetate (PSA). Vinavil’s investment plan include: (i) construction of storage tanks (ii) new PSA production line inside the already existing production hall (the “project”). The company was established in 2001 as an Egyptian branch of Italian Vinavil SPA. The plant is located in the industrial zone in Attaqa Industrial zone-Suez. The expansion plant will be built on a footprint of 5,550 m 2 on the existing plant. Construction for this new greenfield development started in 2017 and is expected to conclude in late 2018.
Mapei S.p.A. (“Mapei”, or “the Sponsor”) is a private company and the 4th largest global construction specialty chemicals producer. Mapei was founded in 1937 with its corporate headquarters in Milan, Italy. Mapei wholly-owns the Project company Vinavil Egypt
Vinavil Egypt (“Vinavil” or “the company” - http://www.vinavil.com/eg/ ) is a leading manufacturer of industrial chemicals used in paints, adhesives and other special materials for construction industry. The company is part of the “Mapei Group”, (“Mapei Group” or the “Group”) - a vertically-integrated group of emulsion and polymer manufacturing, marketing and sales companies operating in more than 50 countries worldwide. Vinavil’s current product portfolio constitutes Polyvinyl Acetate (PVA) and grinding additives.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
Mapei Group | Parent Company | Infrastructure | owns | Vinavil Egypt | Client | Infrastructure |
Contact Person: Mr. Patrizio Stecconi
Company Name: Vinavil Egypt
Address: Attaqa Industrial Area, Pieces 175,
P.O. Box 158 - Suez
Email: p.stecconi@vinavil.it
Phone: +206-232-30501
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