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GTSF - Pirelli

Sector: Warehouse • Location: Indonesia

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project (the “Project”) is to further extend an existing partnership with BNP Paribas (“BNPP”) under IFC''s Global Trade Supplier Finance program (“GTSF” or the “Program”), approved by the IFC Board in September 2010 (Original Project Link #28723), to provide financing to rubber suppliers to Pirelli International Limited (“Pirelli” or the “Buyer”) procured from Indonesia and/or Thaila

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Project Information

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The project “GTSF - Pirelli” is an infrastructure initiative in the Warehouse sector, located in Indonesia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

Taiyo status

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Description

Description

The proposed project (the “Project”) is to further extend an existing partnership with BNP Paribas (“BNPP”) under IFC''s Global Trade Supplier Finance program (“GTSF” or the “Program”), approved by the IFC Board in September 2010 (Original Project Link #28723), to provide financing to rubber suppliers to Pirelli International Limited (“Pirelli” or the “Buyer”) procured from Indonesia and/or Thailand. Under the terms of this proposed investment, IFC would purchase a pro rata interest in receivables due from Pirelli to Utexam Solutions Limited (a subsidiary of BNP Paribas Ireland). Utexam Solutions Limited purchases rubber from Indonesian and Thai suppliers for sale to Pirelli. The Project, therefore, increases access to finance for suppliers and facilitates immediate improvement in their cash flow.

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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