PROJECT

Projects

Summary of Investment Information

Project Number

38748

Company Name

POLYKROME SA

Date SPI Disclosed

Oct 27, 2017

Country

Senegal

Region

Africa

Projected Board Date

Nov 28, 2017

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 4, 2018

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Jun 5, 2018
Signed : Jul 5, 2018
Invested : Nov 1, 2018

Sector

Paper Packaging Products (Including Boxes, Cartons, etc.)

Project Description

 The proposed loan of up to EUR 9 million to Polykrome SA (the “Company”) is to support the Company’s investment program, and includes:  (i) relocating Polykrome’s existing  production facility to a new industrial site; (ii) purchasing additional machinery to expand its product offering; and (iii) working capital requirements (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation