KRUSZWICA S.A.

Location:

Poland

Project number:

4103

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Target board date:

07 Oct 1997

Status:

Completed

PSD disclosed:

12 Sep 1997

 

Project Description

Equity investment of up to the ECU equivalent of US$ 18.5 million to finance the modernisation programme of Kruszwica, the largest producer of edible oil in Poland.

The project will finance the company's modernisation programme, including environmental protection improvements.

Transition Impact

The expected transition impact is high and will contribute to: (1) promoting competition; (2) demonstrating ways of achieving successful restructuring in a key sector for Poland.

The Client

Zaklady Tluszczowe Kruszwica S.A., a Polish registered company. Currently the largest producer of edible oil in Poland, the company is located in central Poland. The EBRD will co-invest alongside Cereol (part of the Eridania Beghin – Say Group). The EBRD investment will be channelled through Polska Oil Investment BV, an ad hoc vehicle created in the Netherlands.

EBRD Finance

Equity investment – up to the ECU equivalent of US$ 18.5 million.

Project Cost

US$ 40 million (ECU 37.1 million) to be implemented by July 2001.

Environmental Impact

The project was screened B/1, requiring an environmental audit of the existing facilities and an environmental analysis of the proposed development. A pre-investment audit had been commissioned by the company and submitted to the EBRD for its review. Additional information was required, which was carried out by the same consultants undertaking additional studies, including the environmental analysis. All this was completed by August 1997. The audits and the analysis resulted in a number of recommendations, which have been built into a draft Environmental Action Plan (EAP).

Technical Cooperation

None

Company Contact

 

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.