PROJECT

Projects

Summary of Proposed Investment

Project Number

29287

Company Name

MAGIC BOX COMPANY LTD

Date SPI Disclosed

May 12, 2010

Country

Kyrgyz Republic

Industry

Agribusiness and Forestry

Projected Board Date

Jun 14, 2010

Status

Completed

Sector

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

Date Revised SPI Disclosed

Mar 17, 2011

Department

Regional Industry MAS MCT

Environmental Category

B - Limited

Previous Events

Approved : Mar 3, 2011
Signed : Mar 30, 2011
Invested : Aug 24, 2012

Project Description

Magic Box is the leading producer in Kyrgyz Republic of small cardboard packages and one of the major label producers (based on offset printing) with exports to Kazakhstan and Tajikistan. Magic Box produces a variety of small size packaging and printing products for the tea, beverage, confectionary, food, detergent, and tobacco industries with an annual turnover of $3.3 million in 2009. In 2007, IFC helped the company in its first capacity expansion in cardboard packages through a $1.5 million loan. Magic Box is currently undertaking a $5.3 million investment project to (i) diversify its production base by production of flexible packaging that will serve a wider range of clients in Kyrgyzstan and Kazakhstan; and (ii) improve operational efficiency and expand current offset production.

Sponsor / Cost / Location

Development Impact