| Project Detail |
Project Description
Provision of a senior secured long-term loan of up to US$10 million to Imkon Plus LLC ("the Company"), a leading ice cream producer in Uzbekistan.
Project Objectives
The EBRD funding will support expansion of the Companys distribution network as well as the construction and operation of a cold storage and processing facility for frozen fruit and vegetables.
Transition Impact
The transition impact of the Project is expected to derive from its contribution to the competitive and well-governed qualities. In particular, the Project will support the Company to increase its market coverage and improve its operational efficiency by expanding its distribution network (including by entering new cities) and by developing a new frozen fruit and vegetable segment (including through exploring export opportunities). In addition, the Project is expected to strengthen and improve the Companys governance and business conduct, especially with regard to improving financial management and reporting (by adopting IFRS standards) as well as supporting the adoption of international certification and standardization (by preparing for ISO-22000 standard). |
