EBRD helps Indorama introduce advanced cotton farming technologies in Uzbekistan
EBRD helps Indorama introduce advanced cotton farming technologies in Uzbekistan
Introduction of new farming technologies
Parallel loan by IFC, support by FINTECC The European Bank for Reconstruction and Development (EBRD) is supporting the modernisation of agriculture and enhanced economic opportunities for the local population in Uzbekistan with a financing package of up to US$ 70 million to Indorama Agro (Indorama). The package will consist of a US$ 60 million capital expenditure loan and a US$ 10 million working capital loan in Uzbek sum equivalent. It will support the operations of Indorama, an established cotton industry player engaged in rotational crop farming, a systematic approach to selecting locations and cycles of crop planting.
The Ukrainian paper producer Kokhavynska Paper Factory (KPF) will reach the next stage of its development thanks to a €13.8 million loan from the European Bank for Reconstruction and Development (EBRD).
How to turn a supermarket green
How to turn a supermarket green
EBRD and donors help Ukrainian supermarket chain Silpo adopt innovative technologies Avoiding plastic wrap, installing energy-efficient fridges, recycling materials wherever possible … these are only three of the many things a supermarket can do to protect the planet. Thanks to the backing of the EBRD and its donors, consumers in Ukraine now have another way to enjoy safer and more environmentally friendly shopping ‒ the Silpo Recycling supermarket, one of the few supermarkets in the country to adopt the very latest in green technology. Silpo is part of Fozzy Group, one of Ukraine’s largest industrial trading groups and a leading multiformat retailer, with brands such as Silpo, Fora and Fozzy C&C and almost 700 outlets nationwide.
EBRD and Hamkorbank help set up new production line in Samarkand
EBRD and Hamkorbank help set up new production line in Samarkand
EBRD and Hamkorbank support Uzbek packaging producer Midas Plastics
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GEF US$ 204,000 grant through the Bank’s FINTECC to finance sustainable packaging technologies Dairy products producers will have a greater variety of packaging at their disposal following the installation of a modern production line by Midas Plastics financed by the EBRD and Hamkorbank. The company is a new producer based in Samarkand, the second-largest city in the country. In a joint transaction with the EBRD, Hamkorbank is providing a loan of up to €2.92 million to Midas Plastics, while 60 per cent of the risk on the loan will be shared by the EBRD under a Risk Sharing Facility signed between the financial institutions.
US$ 2.5 million loan for 5 ha expansion Turkmen tomato producer Agromar
The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of the Turkmen tomato producer Agromar with a US$ 2.5 million loan for the extension of the company’s production facilities.
Agromar was established in 2016 and nowadays is one of Turkmenistan s leading growers, packers and marketers of premium quality fresh tomatoes. Their core produce categories include medium TOVs and cherry tomatoes. Over 80% of their tomatoes are exported to Eastern European countries and MENA region.
Agromar is a well-established brand on the home market as well as in Russia, Kazakhstan and the Kyrgyz Republic. The owner of the brand is the company ES Milli Hasyl, which plans to use the EBRD loan for an expansion of its hydroponics greenhouse. The company plans to construct additional 5.0ha greenhouses with advanced cooling systems.