| Project Detail |
Location:
Morocco
Project number:
53504
Business sector:
Manufacturing and Services
Notice type:
Private
Environmental category:
B
Approval date:
22 Nov 2022
Status:
Approved
PSD disclosed:
25 Nov 2022
The provision of a MAD 65.0 million senior unsecured loan to Plastikpack Maroc (PM), a Moroccan manufacturer of plastic packaging. The financing will support the expansion of its current facilities, the acquisition of equipment for production of pharmaceutical packaging, the set-up of a greenfield facility for manufacturing of plastic pallets and crates made from recycled polypropylene, the construction of a new building, in accordance with Building Research Establishment Environmental Assessment Method (BREEAM) standards and a working capital increase.
Project Objectives
With the EBRD supported capital expenditure plan, the Borrower is looking to tap into high-growth market opportunities in Morocco, expanding its product portfolio into durable recyclable plastic packaging as well as packaging for pharmaceuticals. |
