RSE CCI Pakistan

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  Coca-Cola Beverage Pakistan Limited (CCBPL) is the exclusive bottler of ‘The Coca-Cola Company’ (TCCI) in Pakistan with the rights to produce, market, and distribute Coca-Cola's non-alcoholic carbonated, still purified water, fruit juices, and energy beverages. In 2016, IFC committed a €75 million A-Loan to CCBPL (or the Company). This proposed investment is a repeat business under COVID-19 RSE Facility to provide a senior unsecured A-Loan (the IFC Loan) of up to US$40 million to CCBPL.  CCBPL is an IFC portfolio client with operational footprint encompassing six manufacturing facilities across Pakistan, including Lahore, Gujranwala, Rahimyar Khan, Multan, Faisalabad, and Karachi. Its annual production capacity is 358 million-unit cases (UC) (1 unit case = 5,678 liters). CCBPL is expanding its permanent working capital funding needs with a brownfield bottling facility (known as KPGF) located in Haripur (formally known as Islamabad bottling facility). The expansion of the KPGF plant includes the addition of one Polyethylene Terephthalate (PET) line having similar production capacity as the existing operational PET line (i.e., 45,000 bottles per hour). The expansion started in June 2021 on the company’s owned land and is expected to be completed by March 2023.  CCBPL’s environmental and social (E&S) performance against IFC’s Performance Standards requirements, including implementation of E&S Action Plan (ESAP) for CCI 2016 investment available at - https://disclosures.ifc.org/project-detail/ESRS/37922/cci-pakistan has been judged satisfactory.