Project description
and objectives:
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The aim of the project is to:
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act as a catalyst for the restructuring and modernisation of essential parts
of the food and beverage chain;
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support the development and operational efficiency of private privately-owned
glass packaging facilities;
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develop the domestic market and improve the quality and availability of glass
packaging products.
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Transition impact:
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The REF is expected to have a strong transition impact, as it will contribute
to the restructuring of the food and beverage industry in the area of
packaging as well as marketing and distribution. It will help to develop
technological and management know-how as a result of continuous support from
SG Packaging and the training of local personnel. It will also contribute to
domestic market expansion with greater choice, better quality packaging and
customised products.
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The client:
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Saint Gobain Packaging Division (“SG Packaging”) of the Compagnie de
Saint-Gobain.
The Compagnie de Saint-Gobain is the leading building material group,
manufacturing and distributing engineered materials (glass, ceramics,
plastics, cast iron, and other), with a market capitalisation of EUR 16
billion. SG is rated A-/A2 by S&P's and A2 by Moody's with stable outlook.
With 20,000 people spread across its world-wide operations, SG Packaging is a
major global player in three business areas:
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manufacturing glass bottles and jars for the food and drink industry;
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producing specialty bottles made from glass for perfumes, cosmetics and the
pharmaceutical industry;
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manufacturing plastic pumps used in the packaging of cleaning, health and
beauty and pharmaceutical products.
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EBRD finance:
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Uncommitted EUR 25 million Regional Equity Facility (“REF”) for equity
co-investments with SG Packaging in several of the Bank’s countries of
operation.
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Total project cost:
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To be determined on a case-by-case basis.
At the EBRD's discretion, the Bank’s equity contribution in each sub-project
can be up to 25 per cent of total project costs.
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Environmental impact:
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Screened C/1. Each sub-project is approved by the EBRD on an individual basis
upon review of the environmental due diligence report prepared by the Client,
with due regard to the EBRD’s environmental policies and procedures. An
environmental action plan will be jointly agreed. The Client will report
annually to the EBRD on the environmental, health and safety performance of
the sub-projects encompassed by the REF.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Email:
information.packaging@saint-gobain.com
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EBRD contact:
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Tarek El Sherbini, Operation Leader: elshert@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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