Chumak II

complete

The proposed Project comprises the expansion of the Company’s production facilities and purchase of new equipment, the introduction of innovative packaging solutions and financing of the working capital needs in relation to increasing operations. The transition impact potential for this investment remains substantial: Chumak is a leading food processor located in southern Ukraine, is involved in the production of tomato paste based products, edible oil, mayonnaise, pickled and canned vegetables and is an owner of the brand names “Chumak” and “Daryna”. USD 16.0 million term loan and USD 10.0 million revolving credit line. Up to USD 77.0 million. The project is screened B/1 requiring an environmental audit and analysis of the facilities and the proposed expansion plans. These studies will be undertaken by independent consultants and any necessary remedial actions will be structured into an environmental action plan to be agreed with the Company. The Company will be required to comply with both national and EU standards for environment, health and safety and provide the Bank with an annual environmental report on any environmental action taken in the year. Following completion of the studies this PSD will be updated to reflect the findings. None. Carl Sturen , President Kozatska str. 3, Kahovka Cherson Reg., 74800 Ukraine Tel. +38 0552 326 000