| 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. |
