Huhtamaki Russia

Location:

Russia

Project number:

46315

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Approval date:

30 Apr 2014

Status:

Complete

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

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