Ukrplastic (IFC-37450)

Countries
  • Latvia
  • Ukraine
Geographic location where the impacts of the investment may be experienced.
Specific Location
Kiyv, Ukraine and Ventspils, Latvia.
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
May 12, 2017
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
Ukrplastic, PAT
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 18.35 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)
$ 18.35 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 18, 2025

Disclosed by Bank Mar 7, 2017

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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.

According to IFC website, the project entails investment in development of new products, including products for the agricultural sector; refinancing of some loans coming due and investment in the company’s Latvian entity. The following are the project's expected development impacts:

1) Supporting local producer: Immer Group is one of the largest producers in the manufacturing sector in Ukraine, supporting viable economic activity and preserving jobs during these difficult times in Ukraine
2) Demonstration effect: some of the IFC's financing will be directed towards completion of energy and cost efficient investments, launched before the crisis. The Project will serve as a strong example to other companies in Ukraine and encourage them to reduce their cost by investing in energy efficient technologies.
3) Employment preservation: IFC financing will help sustain operations and, hence, preserve jobs for the Company's employees as well as for its people/ businesses in the supply chain.
4) Food security and resource efficiency: improvement of agriculture yields thanks to locally produced, affordable mulch and silage films helping to save on watering, seeds and cattle food.
5) Support of the weakened economy of a conflict affected country.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor Relationship
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.

Immer Group  (the “group” or the “sponsor”) , a leading supplier of flexible plastic packaging for consumer goods, is a 100% family owned business with facilities in Kiev, Ukraine and Ventspils, Latvia.  The group’s primary company, Kiev-based OSJC Ukrplastic (“Ukrplastic” or the “company”), was established in 1932. 

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.

Ukrplastic’s main facilities are located in downtown Kiev, on the left bank of Dnipro river ( https://goo.gl/maps/hs6dTH7MQ9u ). The site occupies an area of 11.3 ha, housing 34 buildings with a total built-up area of 74,000 sqm. The establishment of the industrial facilities dates back to 1927, and since 1997 this facility is wholly owned by Ukrplastic. However, only some of the buildings are currently in use for the production processes and logistics. The company’s Kiev facility manufactures flexible packaging materials that includes the production of coextruded blown film and biaxially oriented polypropylene or BOPP film, and other surface treatments such as vacuum metallization, prepress process, flexographic/rotogravure printing, solvent-less, solvent based or extrusion lamination and coating as well as pouch making.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Immer Digital Parent Company - owns Ukrplastic Client -

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.

Project Contact: Nikolay Kaftanov
Finance Director, Immer Group
Telephone No.: (+380) 44 517 1866
Website: office@ukrplastic.com

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

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/

How it works

How it works