Huhtamaki Russia

Location:

Russia

Project number:

46315

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Approval date:

30 Apr 2014

Status:

Signed

PSD disclosed:

25 Feb 2014

Project Description

The EBRD is considering EUR 17.5 million loan to Huhtamaki S.N.G. and Huhtamaki Foodservice Alabuga, companies organised in the Russian Federation. The loan will finance production expansion projects and working capital needs.

Transition Impact

The project’s transition impact potential will derive from setting standards in energy efficiency and waste management. Further, the project will promote certified, high sustainability standards in the supply chain.

The Client

Huhtamaki S.N.G. and Huhtamaki Foodservice Alabuga.

EBRD Finance

A corporate loan facility of up to EUR 17.5 million for the account of EBRD.

Project Cost

EUR 17.5 million.

Environmental Impact

Categorised B. The Bank has good experience with Huhtamaki and the Company has the capacity to fully implement the Bank's Performance Requirements. The Company's corporate EHS standards are in full compliance with best international standards and practices including those of the EU. Operations are audited annually for quality, food safety and labour qualifications. The Bank will monitor Huhtamaki’s environmental and social performance for the lifetime of the project through annual environmental and social reporting and via periodic site visits.

Technical Cooperation

None.

Company Contact

http://www2.huhtamaki.com/web/contacts

 

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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