DFF - Healthline 2 (Medical Equip. Manuf.) (EBRD-52410)

Countries
  • Uzbekistan
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
Approved
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 13, 2020
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
Healthline LLC
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Humanitarian Response
  • Industry and Trade
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)
$ 2.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 3.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 7, 2021

Disclosed by Bank Nov 5, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

Under this project EBRD provides a loan to JV Healthline LLC  for purchasing of the acquisition of a third production line for the manufacturing of single-use medical gloves, as Healthline decided to install a third production line under the project which will increase the production capacity of disposable medical gloves. This project was approved in the context of the Bank's response to the COVID-19 pandemic. 

PROJECT OBJECTIVES

The project is part of the JV Healthline LLC company's strategy to expand its existing product range and establish a new production plant for the manufacturing of disposable medical gloves (surgical and examination gloves). 

 

Investment Description
Private Actors Description

JV Healthline LLC is a limited liability company incorporated in Uzbekistan in 2004. The Company is a leading local manufacturer and trader of disposable medical devices including disposable syringes, intravenous sets, gynaecological speculums, blood lancets, catheters and dialysis filters. 

Healthline has been an existing client of the EBRD since November 2019. The initial project involved the establishment of a medical glove production facility with two production lines to which the EBRD provided debt financing of USD 9.2 million. To respond to the increased demand for PPE, Healthline decided to install a third production line under the project which will increase the production capacity of disposable medical gloves.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - JV Healthline LLC Contractor Education and Health

Contact Information

Company Contact Information

Mirgiyos Nazarov
mirgiyos.nazarov@healthline.uz
+998781504422
www.healthline.uz
236A Navruz street, Uzgarish K.F.Y., Zangiata district, Tashkent region, 111802, Uzbekistan

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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