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.
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.
Huhtamaki S.N.G. and Huhtamaki Foodservice Alabuga.
A corporate loan facility of up to EUR 17.5 million for the account of EBRD.
EUR 17.5 million.
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.
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