Ukrplastic (EBRD-41393)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Completed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 12, 2010
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ukrplastic
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 41.36 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 29.8 millon
Converted using 2010-10-12 exchange rate.
Loan Amount (USD)
$ 41.36 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 29.8
Converted using 2010-10-12 exchange rate.
Project Cost (USD)
$ 41.36 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 29.8
Converted using 2010-10-12 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 24, 2018

Disclosed by Bank Sep 8, 2010


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Project Description

According to EBRD website, the bank provided €29.8 million loan to Ukrplastic, to finance the Company’s energy efficiency investments, launch of new product segments and to restructure its balance sheet. It aims to facilitate launch and domestic production of new international quality products currently unavailable in Ukraine. It will introduce new energy efficiency measures, which will result in significant Green House Gases emission savings, with a strong demonstrational effect for the industry. As a result of project implementation Ukrplastic will improve its corporate structure, financial transparency and management.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project Contact: Olena Galkina
Deputy Chairman of the Management Board and Marketing
Email Address: olena.galkina@ukrplastic.com
Telephone No.: +38 044 5173530

General enquiries to EBRD: 
Telephone No.: +44 20 7338 7168
Email Address: projectenquiries@ebrd.com

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.