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)
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
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.
