Project Description
The proposed Project is with the Alutech group of companies (“the Company”, “Alutech” or “the Group”), the only producer of roller shutters accessories, sectional doors and aluminum extruded products in Belarus and the IFC good-standing client since 2010. Alutech was founded in 1996. It operates three manufacturing enterprises (Alutech Incorporated, AluminTechno and Alutech Doors Systems) in Minsk, Belarus, one in Novosibirsk, Russia, one in Neunkirchen, Germany and one in Kyiv, Ukraine as well as over 23 trading companies and local warehouses in Belarus, Ukraine, Russia, Germany, Austria and Czech Republic (jointly referred as the Group) to produce aluminum profile systems, roller shutter systems, and sectional doors. The proposed Project is to refinance short-term bridge loans acquired for capital investments during 2013-2014 (the “Project”).