Project description
and objectives:
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The proposed project envisages financing ZAO AR Carton, a Russian closed joint
stock company owned by A&R Carton Holding GmbH which is owned by A&R Carton AB
(Sweden), one of the leading companies in the European folding carton
converting industry. The financing is needed to expand the company’s new
folding carton converting plant located in Leningrad region (Russia).
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Transition impact:
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Given A&R Carton AB experience, the new plant will contribute to the
modernisation of the carton packaging industry by dispersing know-how and
setting technological, environmental, managerial and general business
standards.
The project will strengthen the competitive pressures within the packaging
industry in terms of efficiency, product quality and delivery and will
gradually broaden its local supplier base. The introduction of high-quality
gravure packaging products is expected to stimulate local producers to utilise
resources more efficiently, introduce more innovative production processes and
should also increase customer awareness of international standards with
respect to product quality and production processes.
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The client:
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A&R Carton AB is one of the leading companies in the European folding carton
converting industry. A&R Carton AB sales totalled EUR 281 million in 2005. The
company has 15 strategically sited production facilities throughout the
West-East and Nordic regions of Europe. The company has a converting capacity
in excess of 240000 tons of carton board, and some 1,800 employees.
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EBRD finance:
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The EBRD would provide financing up to EUR 9 million in the form of senior
loan.
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Total project cost:
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EUR 15.9 million.
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Environmental impact:
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The environmental due diligence undertaken by the EBRD confirmed that there
are no significant issues associated with the operation. The plant has been
designed to meet Russia and EU environmental standards and to incorporate
adequate mitigation measures. A&R Carton is committed to monitor and manage
environmental and safety issues in accordance with EU standards and best
international industry practice.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Niclas Nyström, Vice-President, CFO
Niclas.Nystrom@ar-carton.com
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EBRD contact:
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Svetlana Sikan, Operation Leader: sikans@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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