Bericap KZ - equipment modernization

cancelled

Translated version of this PSD: Russian The EBRD is considering a US$ 4 million loan to Bericap Kazakhstan LLC, a plastic container tops producer. The proposed loan will support the Company’s expansion plan through financing of a new warehouse facility and the purchase of new equipment: injection and other supplementary machinery for the production of new generation closure caps. Demonstration of new environmental technology to the market for the production of eco and consumer friendly closures (lighter in weight with shorter neck). Setting market business standards and best practices while an example for other packaging producers in Kazakhstan and Central Asia at large. Bericap Kazakhstan LLC is a plastic closures (container tops) producer, supplying Kazakhstan and other Central Asian markets from a local manufacturing base. It is a part of the larger Bericap Holding Group. USD 4.0 million senior loan. USD 4.6 million. Categorised B. The activities of the Company may be associated with some limited environmental and occupational health and safety impacts but these have been identified and are being managed by the Company. An Environmental and Social Action Plan was agreed in the context of the previous projects with the Company and the Company was implementing that plan and providing satisfactory environmental and social reporting to the Bank. The Company has been requested to provide an update to the Bank on environmental and social issues and the Bank will decide on the basis of that update whether a revised ESAP will need to be agreed with the Company. None.