PROJECT

Projects

Summary of Investment Information

Project Number

34602

Company Name

Bilt Paper B.V.

Date SPI Disclosed

Jun 26, 2014

Country

Netherlands

Region

Europe

Projected Board Date

Aug 28, 2014

Environmental Category

A - Significant

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - MAS Asia & Pac

Industry

Agribusiness and Forestry

Previous Events

Approved : Aug 28, 2014
Signed : Oct 3, 2014
Invested : Oct 30, 2014

Sector

Paper for Printing and Writing

Project Description

IFC is considering a potential investment consisting of debt and/or equity in Ballarpur International Graphic Paper Holdings (BIGPH), a company incorporated in the Netherlands. BIGPH owns subsidiaries which are leading pulp and paper manufacturers in India and Malaysia. BIGPH is a step-down subsidiary of Ballarpur Industries Limited (“BILT” or the “Company” and BILT together with its subsidiaries referred to as the “Group”), which is head quartered in India and is an IFC investee company (# 10066 in 2000) and (# 20798 in 2003). Part of the investment proceeds may be directed to Sabah Forest Industries (SFI), whose operations are located in Sabah state of Malaysia.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation