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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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Explore different types of political risk insurance guarantees provided to investors and lenders.

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Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Ecuador

Productora de Envases Crown del Ecuador S.A.

$0.19 million
Manufacturing
Project Brief
Not Active
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MIGA has provided $193,500 in investment insurance to Prodenvases Crown S.A. from Colombia for their $215,000 equity investment in Productora de Envases Crown del Ecuador S.A. MIGA’s coverage is against the risks of currency transfer restriction, expropriation, and war and civil disturbance for a period of up to seven years.

The investor is a Columbian manufacturer, Prodenvases Crown, specializing in the production of metallic containers throughout the region. Prodenvases Crown S.A.’s investment is financing a metallic paint can assembly line in Guayaquil, Ecuador. The project enterprise, Productora de Envases Crown del Ecuador S.A., will manufacture, assemble, and commercialize metal and plastic cans for the industrial and food sectors in Ecuador. Staff from Colombia installed the necessary equipment for the project, which is expected to deliver technology transfer benefits. From July 2005, when the plant began operations, to the end of the year, sales reached $441,000. Sales for 2006 are expected to reach $1 million.

The project represents Prodenvases Crown S.A.’s seed investment in Ecuador and is likely to lead to further expansion if this project yields expected benefits.

MIGA’s support for the project is in line with the World Bank Group’s Country Assistance Strategy for Ecuador, which aims to lay the foundations for diversified and sustainable economic growth in the country, and increase opportunities and access to economic resources.

The project was underwritten through MIGA's Small Investment Program (SIP).

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