FOOD PRODUCTION MODERNISATION

Promoter – Financial Intermediary

MASPEX - GMW SP ZOO SP K

Location

• Bulgaria
• Poland
• Romania

Description

The operation concerns investments in expansion, upgrading and modernisation of Maspex group's food and drinks production and storage facilities. The investments will be implemented in or in the vicinity of existing factories located in Lowicz, Lublin, Tychy, and Olsztynek (Poland), Valenii de Munte, Giurgiu and Vatra Dornei (Romania), and Velingrad (Bulgaria).

Objectives

The investment underpins the promoter's strategy to increase competitiveness of its businesses through the modernisation and expansion of its production process and storage capacity.

Sector(s)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 47 million

Total cost (Approximate amount)

EUR 94 million

Environmental aspects

The operation includes several investments which might fall under Annex II of Directive 2011/92/EU. An environmental impact assessment (EIA) might be required by the authorities. All aspects related to the environmental impact and permits will be verified during the project's appraisal.

Procurement

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with the publication of tender notices in the Official Journal of the EU, as and where required.

Status

Signed - 4/04/2019