Vinavil Egypt

completed

Vinavil Egypt (“Vinavil” or “the company” - http://www.vinavil.com/eg/ ) is a leading manufacturer of industrial chemicals used in paints, adhesives and other special materials for construction industry. The company is part of the “Mapei Group”, (“Mapei Group” or the “Group”) - a vertically-integrated group of emulsion and polymer manufacturing, marketing and sales companies operating in more than 50 countries worldwide. Vinavil’s current product portfolio constitutes Polyvinyl Acetate (PVA) and grinding additives. The proposed investment includes USD 15 million Straight Senior Loan to Vinavil for the expansion of its emulsions and polymer production business by diversifying production portfolio with Polystrene Acetate (PSA). Vinavil’s investment plan include: (i) construction of storage tanks (ii) new PSA production line inside the already existing production hall (the “project”).  The company was established in 2001 as an Egyptian branch of Italian Vinavil SPA. The plant is located in the industrial zone in Attaqa Industrial zone-Suez. The expansion plant will be built on a footprint of 5,550 m 2 on the existing plant. Construction for this new greenfield development started in 2017 and is expected to conclude in late 2018.