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According to the Bank's website, this project finances a capital facility to be used in cases of liquidity for working capital purposes.
The project will support improvements and expansion of production lines and higher value-added products, which is expected to lead to improvement in profitability and efficiency.
Out of the total (EUR 3m) investment plan of the borrower, EUR 1.09m is planned to be used for modernisation of the production lines and installation of automation and control systems, which is expected to lead to energy efficiency savings. The GET share of the project is 34%.
PrJSC Lantmannen Axa is a breakfast cereal producer in Ukraine. The Borrower is a 100% subsidiary of Lantmannen ek for, the largest agribusiness cooperative in Sweden and owned by 25,000 Swedish farmers.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
Lantmannen ek för | Parent Company | Agriculture and Forestry | owns | Lantmännen Axa PrJSC | Client | Agriculture and Forestry |
Client - PrJSC Lantmannen Axa:
Igor Chervak
Email: Igor.Chervak@axa.ua
Phone: +(380) 44 451 63 65
Website: http://lantmannen.ua/en
Address: Street Privokzalna, Building 3 08304 Kyiv Ukraine
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.