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

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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.