PROJECT

Projects

Summary of Investment Information

Project Number

35223

Company Name

THE ALUTECH GROUP

Date SPI Disclosed

Nov 24, 2014

Country

Belarus

Region

Europe

Projected Board Date

Jan 9, 2015

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry MAS LAC & EUR

Industry

Manufacturing

Previous Events

Approved : Jul 22, 2015
Signed : Sep 8, 2015
Invested : Nov 17, 2015

Sector

Aluminum

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”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation