Servolux

Location:

Belarus

Project number:

47618

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

PSD disclosed:

17 Nov 2015

Translated version of this PSD: Russian

Project Description

The EBRD is considering a long-term loan of up to € 25 million to - Servolux CJSC and OJSC Smolevichi Broiler Factory (the "Companies"), broiler poultry production facilities located in Minsk and Mogilev regions correspondingly.

The loan will finance the Companies' capital investments aimed at modernisation of its facilities, including the construction of a modern waste water treatment facility and animal waste recycling, the implementation of certain resource efficiency measures and partial balance sheet restructuring (the "Project").

Transition Impact

The Project's transition impact is expected to derive from: more widespread private ownership; and setting standards for corporate governance and business conduct.

Client Information

SERVOLUX

OJSC Smolevichi Broiler Factory and CJSC Servolux, joint stock companies incorporated in the Republic of Belarus, are subsidiaries of Belarusian VServolux Group, leading private branded poultry producer and animal feed producer also engaged in meat processing, dairy products manufacturing and food retail trade in Belarus (the "Group").

EBRD Finance Summary

EUR 25,000,000.00

Loan for the account of EBRD.

Total Project Cost

EUR 25,000,000.00

Environmental and Social Summary

Categorised B under the 2014 Environmental and Social Policy. The EBRD financed project focuses on modernisation of several existing auxiliary facilities and boilers which will lead to improvements in energy and resource efficiency, reduction of greenhouse gas (GHG) emissions and better environmental standards in waste management and wastewater treatment. Environmental and social due diligence (ESDD) is currently ongoing, it included a site visit by ESD specialists and confirmed that the project will not require  any significant land acquisition or displacement and is not expected to involve any environmentally sensitive operations.

The Company operations are managed well and only a few issues will need to be improved for the project to reach the full compliance with EBRD PRs. An Environmental and Social Action Plan (ESAP) will be agreed with the Company for project implementation.

This section will be updated upon completion of the due diligence.

Technical Cooperation

None.

Company Contact Information

Andrei Volkov, CFO
mail@servolux.com
+375 222 327 334
+375 222 327 399
servolux.com

 

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.