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Ukrplastic

Sector: Raw Materials • Location: Ukraine

Source: International Finance Corporation (IFC)

Project
Completed

Immer Group  (the “group” or the “sponsor”) , a leading supplier of flexible plastic packaging for consumer goods, is a 100% family owned business with facilities in Kiev, Ukraine and Ventspils, Latvia.  The group’s primary company, Kiev-based OSJC Ukrplastic (“Ukrplastic” or the “company”), was established in 1932.  Ukrplastic’s main facilities are located in downtown Kiev, on the left bank of Dn

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The project “Ukrplastic” is an infrastructure initiative in the Raw Materials sector, located in Ukraine. Taiyo aggregates data on it from International Finance Corporation (IFC).

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completed

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Description

Description

Immer Group  (the “group” or the “sponsor”) , a leading supplier of flexible plastic packaging for consumer goods, is a 100% family owned business with facilities in Kiev, Ukraine and Ventspils, Latvia.  The group’s primary company, Kiev-based OSJC Ukrplastic (“Ukrplastic” or the “company”), was established in 1932.  Ukrplastic’s main facilities are located in downtown Kiev, on the left bank of Dnipro river ( https://goo.gl/maps/hs6dTH7MQ9u ). The site occupies an area of 11.3 ha, housing 34 buildings with a total built-up area of 74,000 sqm. The establishment of the industrial facilities dates back to 1927, and since 1997 this facility is wholly owned by Ukrplastic. However, only some of the buildings are currently in use for the production processes and logistics. The company’s Kiev facility manufactures flexible packaging materials that includes the production of coextruded blown film and biaxially oriented polypropylene or BOPP film, and other surface treatments such as vacuum metallization, prepress process, flexographic/rotogravure printing, solvent-less, solvent based or extrusion lamination and coating as well as pouch making. The company developed an additional new plastic packaging and processing plant, Immer Digital located in Ventspils, Latvia– about 2.5 hours to the capital city of Riga. The company bought and installed all new equipment and machinery in the leased building. This was very strategic for the company to increase its market base and supply to its customers in Europe and new markets. The plant became operational as of February 2017. This facility, includes limited operations such as digital printing, solvent less lamination, solvent based and water based lamination and coating, pouch making, manufacturing of label and thermo-shrinkable label, whereas the main ingredients such as BOPP film are supplied from Ukrplastic’s Kiev operations. In addition, the company is supported by distribution warehouses used to store the product and for delivery to clients.  The company currently have 15 warehouses on site in Kiev and 11 warehouses in Russia, Europe and Ukraine and all the warehouses and leased/rented.  The proposed project entails investment in development of new products, including products for the agricultural sector; refinancing of some loans coming due and investment in the company’s Latvian entity. Specific use of proceeds will be for: (i) equipment for recuperation and reclamation of used solvents in liquid form and solvent vapors; (ii) new lamination equipment for specialty packaging; and (iii) new roto-printer, enabling higher flexibility.  The project cost is approximately  € 60 million. The IFC investment is expected to consist of an IFC loan for its own account of up to  € 20 million and an IFC syndicated or mobilized financing of up to Euro  € 20 million.

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High

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