According to the Bank's website, this project provides financing for the modernization and implementation of an energy-efficient capex programme for the recently privatized JSC Indorama Kokand Fertilizers and Chemicals (previously JSC Kokand Superphosphate Plant).
According to the Bank's website, Indorama Holdings B.V. currently owns 95.54 percent of the company. The remaining shareholding belongs mainly to current and former company employees. Indorama Holdings B.V. is a wholly-owned subsidiary of Indorama Corporation Pte. Ltd., domiciled in Singapore ("IRC").
IRC is the holding company of Indorama Group, one of Asia's leading industrial conglomerates with wide interests in petrochemicals, fertilisers and related downstream businesses. IRC is wholly-owned for the benefit of Mr. S.P. Lohia and his family. Indorama Group was established in 1975 in Indonesia. It is West Africa's largest of petrochemicals, including olefins, polyolefins, phosphoric acid, phosphate fertilisers, ammonia, and urea, and one of the world's largest producers of synthetic disposable gloves.
Together with its associate, Indorama Ventures Public Company Limited, domiciled in Thailand, Indorama Group is the world's leading producer of polyester and the leading producer of polyester feedstock (PX, PTA, and MEG) and man-made fibers. Its manufacturing activities are spread across 136 sites in 37 countries with a total sales volume of almost 25 million tons a year and annual sales value of over US$15 billion.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||INDORAMA CORPORATION PTE. LTD.||Parent Company||-|
|-||-||-||-||Indorama Holdings B.V.||Parent Company||-|
|-||-||-||-||INDORAMA KOKAND FERTILISERS AND CHEMICALS JSC||Client||-|
Mr. Rahul Singh
+998 71 2332264
11/1 Amir Temur Avenue, Mirobod district, 100100 Tashkent, Uzbekistan
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 email@example.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.