Mironovsky II (IFC-24011)

Countries
  • Ukraine
Geographic location where the impacts of the investment may be experienced.
Specific Location
Kanev, Katerinopol, Starinskaya, Kiev
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Completed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 24, 2005
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
CJSC Mironivsky Hliboproduct
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 260.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 12, 2023

Disclosed by Bank Jan 27, 2005

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the IFC, the project is to expand CJSC Mironovsky Khleboprodukt’s poultry operation from the current production capacity of 126,000 tons of poultry per annum to 227,000 tons in 2008. The project consists of expansion of the existing facilities and construction of new ones along the poultry integration chain, including: - crushing plant with increased specialized processing capacity for sunflower (800 tpd), soya beans (110 tpd), and rape seed (60 tpd) and expansion of existing feed mill; - construction of an additional processing plant to produce a wide range of semi-finished and cooked products; - expansion of the company’s own parent stock farms, broiler growing farms and hatcheries; - construction of a new slaughter plant, with processing capacity of 10,000 birds per hour; - expansion of the company’s transportation system for feed, eggs, day old chicks and finished product; and - investment in working capital.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, the project is sponsored by Mironovsky, a leading, privately-owned poultry integrator in Ukraine. Mr. Yuriy Kosyuk, a local entrepreneur, owns 96% of Merkaba LLC, which in turn owns 96% Mironovsky. Mr. Kosyuk serves as Chairman of the Board of the company. He graduated from the Ukrainian Food Institute in 1991 and that year started his first business, a small sausage production facility. Prior to launching his poultry business, Mr. Kosyuk was involved in various business activities, including exports of metals, import and manufacture of furniture, retail trading, and food processing.
Mironovsky is a leading vertically integrated poultry producer with 45% share of Ukraine’s industrial production and 16% market share of Ukraine’s poultry market. The company was one of the pioneers in developing a chilled distribution system to retailers, it sells chilled poultry products (whole birds, cutup, giblets etc.) under a well recognized brand name, Nasha Ryaba, across Ukraine.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - PJSC Mironivsky Hliboproduct Client Agriculture and Forestry

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - CJSC Mironivsky Hliboproduct:

Mr. Yuriy Kosyuk - Chairman of the Board
Address: Mironvosky 7, Vandy Vasilevskoy Street, Kiev 03055, Ukraine
Phone: +380-44-239-2509
Fax: +380-44-239-2505

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/.

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