The operation will support investment in a manufacturing facility producing plastic closures (or lids) for the Central Asian food and beverage container market.
The Company plans to construct purpose-built produc-tion facilities and relocate its operations in order to
(a) optimize costs;
(b) provide space for future expansion; and
(c) improve the environmental and worker health and safety characteristics of the plant.
Market expansion through forward linkage with the buyers of plastic closures and enhancement of the competitive business environment of smaller produc-ers in the beverages, food, cosmetics and other indus-tries, dependent on closures.
Corporate governance impact lies in the adoption of sound environmental, health and safety standards (EAP is a condition of the Bank’s loan).
- Skills Transfer.
Bericap Kazakhstan LLC is a plastic closures (container tops) producer, supplying Kazakhstan and other Central Asian markets from a local manufacturing base. It is part of the larger Bericap Holding Group.
USD 2.5 million senior loan.
USD 2.5 million.
The construction and operation of the new plastic closures manufacturing plant is likely to be associated with limited environmental, health and safety issues, which can be read-ily identified, assessed and mitigated. The facilities will be located in an industrial area. However, the land allocated for the project has never been used for any industrial activi-ties before. There are no known environmentally or archaeologically valuable or sensitive areas in the vicinity of the site. For the above mentioned reasons, the EBRD has classified the project B/0, requiring an Environmental Analysis.
The Environmental Analysis was carried out by EBRD En-vironment Department. The investigations showed that the Project will be structured to meet Kazakh environmental, health and safety requirements and EU environmental standards, and that the direct environmental, health and safety impacts during the construction and the operation of the new plastic caps plant would be insignificant and effi-ciently mitigated. Environmental protection measures will be fully incorporated in the project design.
Serdar Hatipoglu, General Director
Bericap Kazakhstan LLP
93d Burundaiskaya street, Turksib rayon
Almaty, Republic of Kazakhstan
Tel: + 7 3272 340603
Fax: + 7 3272 340631
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