Globino

Location:

Ukraine

Project number:

42411

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Target board date:

12 Jul 2011

Status:

Signed

PSD disclosed:

13 May 2011

Translated version of this PSD: Ukrainian

Project Description

The EBRD is considering providing up to USD 25 million to finance capital investments at the Globino Group, with the goal of modernising and expanding production capacity at pig production farms and the meat processing plant.

Transition Impact

The Transition Impact potential of the Project will derive from:
1) demonstration of the successful restructuring of the Globino Group’s activities in terms of modernisation and expansion,
2) backward linkages to cereal crop suppliers and 3rd party pig suppliers, and
3) setting standards for improving environmental standards.

The Client

Globino Group is one of the major meat processing groups in Ukraine. The Group is vertically integrated with a feed mill, pig breeding / growing complex and meat processing plant. The Group also includes a cheese and butter producing plant.

EBRD Finance

Up to USD 25 million.

Project Cost

Approx. USD 91 million.

Environmental Impact

The proposed project has been categorised B in accordance with the 2008 EBRD Environmental and Social (E&S) Policy, as the potential impacts are expected to be site specific and readily identifiable and addressed through mitigation measures.

The environmental and social due diligence for the project, which is ongoing, includes an independent third party environmental and social audit to assess the Company’s capacity and systems to manage environment, health, safety and labour issues in its operations. It will also assess the Company’s ability to operate to EU environmental standards and to comply with the Bank’s Environmental and Social Policy 2008 Performance Requirements applicable to the project (specifically PRs 1-8 and 10).

Based on the findings of due diligence, if necessary, an Environmental and Social Action Plan (ESAP) will be prepared and agreed with the Company to address any environmental and social issues identified within a reasonable time-frame.

This PSD will be updated as the results of the E&S due diligence become available.

Technical Cooperation

Funding for a multi-regional study of the meat processing sector.

Company Contact

Mr. Igor Skubiy
Email: skubiy@globino.ua

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)

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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.