Kyiv, Ukraine, January 11, 2018—IFC,
a member of the World Bank Group, is providing a financing package of over
30 million euro to IMMER Group, a leading Eastern European producer of
flexible packaging, to support export-led economic growth and create jobs
IFC’s financing package, which includes 15 million euro in debt mobilized
from other lenders, is designed to support growth of IMMER Ukrplastic,
Ukraine’s largest manufacturer of flexible packaging materials whose production
facilities are based in Kyiv. IFC’s engagement helps the IMMER Group’s
broader effort to open new markets and help diversify its exports to the
“IFC’s financing comes at a crucial time. Ukraine’s economy is returning
to growth and we are looking to capitalize on this, growing in different
market segments, launching new, innovative products for the food processing
and agribusiness sector, and diversifying our export markets,” said Irina
Mirochnik, IMMER Group president, and one of the few female CEOs of a large
Ukrainian manufacturing company.
“This project is aligned with our strategy in the country, strengthening
the competitiveness of local industry, supporting job creation, and boosting
the growth of a competitive, export-oriented company,” said Jason Pellmar,
IFC’s regional head for Ukraine, Belarus and Moldova.
IMMER Ukrplastic currently employs around 1,400 people in Ukraine. The
project will help create dozens of new, highly-skilled and well-paid jobs.
It will also contribute to boosting food security and helping to improve
sustainable agricultural practices by providing high quality food packaging
materials and new products to the agricultural sector, including biodegradable
mulch and silage films.
IFC is a key international investor in Ukraine’s private sector, having
committed over $3.2 billion in long-term projects across a range of sectors
in the last 10 years.
IFC—a sister organization of the World Bank and member of the World Bank
Group—is the largest global development institution focused on the private
sector in emerging markets. We work with more than 2,000 businesses worldwide,
using our capital, expertise, and influence to create markets and opportunities
in the toughest areas of the world. In FY17, we delivered a record $19.3
billion in long-term financing for developing countries, leveraging the
power of the private sector to help end poverty and boost shared prosperity.
For more information, visit www.ifc.org
About IMMER Group
IMMER GROUP is one of the world's largest
manufacturers of flexible packaging materials, films and labels, which
incorporates two production facilities: IMMER Ukrplastic and IMMER Digital,
and IMMER Design Studio. IMMER Group employs a wide range of latest technologies.
The history of the IMMER Group began in 1927. The Group is in the TOP-15
list of the European manufacturers. IMMER Group is a member of the associations:
FPA and the consortium CEFLEX, FPE, EAFA, ERA, European Bioplastic. The
Group is an active participant of the UN Global Compact, the UN SAVE FOOD
Initiative, the Responsible Care initiative. For more information, visit:
follow us: https://www.facebook.com/IMMERGROUP/