Mabion

Location:

Poland

Project number:

49221

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

B

Target board date:

14 Mar 2018

Status:

Disbursing

PSD disclosed:

10 May 2018

Project Description

EBRD equity investment in the ordinary shares of Mabion S.A. in the amount of ca. USD 18 million equivalent in PLN.

Project Objectives

The operation will enable Mabion S.A. to cover the cost of the expansion of production capacity in Konstantynow Lodzki, Poland and costs and expenses related to the development and commercialization of Mabion CD20.

Transition Impact

The Project is focused on Competitive and Integrated tansition qualities: it involves R&D expenses and investments into a new innovative production facility and cooperation with local universities and supports the export initiative of a Polish company to sell biological medicine in the global markets.

Client Information

MABION SA

Mabion is a leading biotechnology company in Poland, listed on the Warsaw Stock Exchange (WSE), created for the purpose of marketing cutting-edge biotechnological drugs based on humanised monoclonal antibodies.

EBRD Finance Summary

PLN 61,425,000.00

Total Project Cost

PLN 122,850,000.00

Environmental and Social Summary

Category B. Environmental and social issues associated with the Project are site specific and readily assessed and mitigated based on an Environmental and Social Due Diligence (ESDD). In-house ESDD has been undertaken on the Company and this confirmed that they have the institutional capacity to fully implement the Bank's Performance Requirements (PRs).

The ESDD confirmed that this is a state-of-the-art facility designed to comply with both National and EU environmental, health and safety standards. Based on the ESDD, an Environmental and Social Action Plan (ESAP) has been agreed with the Company to ensure ongoing compliance and implementation of best industry practices. The ESAP contains elements related to the following issues; maintaining EHS risk management systems consistent with ISO14001 an OHSAS18000; development of a CSR reporting structure; initiate an internal EHS auditing programme to benchmark against Best Practice; develop an appraisal process for future Projects; and develop a stakeholder engagement programme.

The Bank will monitor the implementation of the Project and compliance with the ESAP.

Technical Cooperation

None

Company Contact Information

Artur Chabowski
info@mabion.eu
+48 42 207 78 90
+48 42 203 27 03
www.mabion.eu
gen. Mariana Langiewicza 60 street 95-050 Konstantynów Lódzki

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.