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Projects

Project Information

Summaries of proposed guarantees are provided prior to Board consideration and final contract signing, and therefore are subject to change. Project briefs are disclosed after contract signing and do not reflect subsequent modifications (e.g., changes in guarantee amount).
 
Project Name OOO Ken-Pak Zavod Upakovki
Guarantee Holder Tapon France S.A.S.
Investor Country France
Host Country Russian Federation
Sector Manufacturing
Gross Exposure ($million) 83.45
Fiscal Year 2009
Status Proposed
Project Number 8007
Environmental Category B
Date SPG Disclosed July 07, 2009
Project Board Date August 06, 2009
 

Project Description

This summary covers guarantees for Tapon France S.A.S (“Tapon’s”) investments in the construction of a new aluminum beverage can production facility in the city of Volokolamsk. Tapon’s investments include equity investment in the amount of $38 million, shareholder loans in the amount of $49 million and $3 million for the use of a trademark pursuant to a Trademark Agreement. Tapon has applied for MIGA guarantees of up to $83.45 million against the risks of transfer restriction, expropriation, and war and civil disturbance. The proposed guarantee period for the shareholder loans and the equity investment would be seven and 15 years, respectively.

Environmental Categorization

The project is a Category B under MIGA’s environmental review procedures. Click here to view the Environmental and Social Review Summary and the Environmental Impace Assessment in English and Russian.

Development Impact

The project will increase competition in the Russian beverage can production business segment and improve production process efficiencies and product quality, by bringing in managerial practices which are competitive at the international level.  The production capacity for the new facility is expected to reach approximately 1 billion cans per year. 

MIGA’s proposed guarantee for this investment is consistent with the first pillar of the World Bank Group’s Country Partnership Strategy for Russia which focuses on sustaining rapid economic growth.

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