Saint Gobain Packaging Equity Facility

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 35991

Status Complete

Location

Regional

Business Sector

Food and Agribusiness

Notice Type

Private

Sub-projects

Sitall

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 35991

Status Complete

Location

Regional

Business Sector

Food and Agribusiness

Notice Type

Private

Environmental Category

Approval Date

27 Jun 2005

Disclosure date

18 Mar 2005

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The aim of the project is to:

act as a catalyst for the restructuring and modernisation of essential parts of the food and beverage chain;
support the development and operational efficiency of private privately-owned glass packaging facilities;
develop the domestic market and improve the quality and availability of glass packaging products.

Transition Impact

The REF is expected to have a strong transition impact, as it will contribute to the restructuring of the food and beverage industry in the area of packaging as well as marketing and distribution. It will help to develop technological and management know-how as a result of continuous support from SG Packaging and the training of local personnel. It will also contribute to domestic market expansion with greater choice, better quality packaging and customised products.

The Client

Saint Gobain Packaging Division (“SG Packaging”) of the Compagnie de Saint-Gobain.

The Compagnie de Saint-Gobain is the leading building material group, manufacturing and distributing engineered materials (glass, ceramics, plastics, cast iron, and other), with a market capitalisation of EUR 16 billion. SG is rated A-/A2 by S&P's and A2 by Moody's with stable outlook.

With 20,000 people spread across its world-wide operations, SG Packaging is a major global player in three business areas:

manufacturing glass bottles and jars for the food and drink industry;
producing specialty bottles made from glass for perfumes, cosmetics and the pharmaceutical industry;
manufacturing plastic pumps used in the packaging of cleaning, health and beauty and pharmaceutical products.

EBRD Finance

Uncommitted EUR 25 million Regional Equity Facility (“REF”) for equity co-investments with SG Packaging in several of the Bank’s countries of operation.

Project Cost

To be determined on a case-by-case basis.

At the EBRD's discretion, the Bank’s equity contribution in each sub-project can be up to 25 per cent of total project costs.

Environmental Impact

Screened C/1. Each sub-project is approved by the EBRD on an individual basis upon review of the environmental due diligence report prepared by the Client, with due regard to the EBRD’s environmental policies and procedures. An environmental action plan will be jointly agreed. The Client will report annually to the EBRD on the environmental, health and safety performance of the sub-projects encompassed by the REF.

Technical Cooperation

None.

Company Contact

Email: information.packaging@saint-gobain.com

Transition impact

ETI Score:75

PSD last updated

01 Feb 2019

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

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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