EBRD and Hamkorbank help set up new production line in Samarkand
EBRD and Hamkorbank help set up new production line in Samarkand
EBRD and Hamkorbank support Uzbek packaging producer Midas Plastics
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GEF US$ 204,000 grant through the Bank’s FINTECC to finance sustainable packaging technologies
Dairy products producers will have a greater variety of packaging at their disposal following the installation of a modern production line by Midas Plastics financed by the EBRD and Hamkorbank.
The company is a new producer based in Samarkand, the second-largest city in the country. In a joint transaction with the EBRD, Hamkorbank is providing a loan of up to €2.92 million to Midas Plastics, while 60 per cent of the risk on the loan will be shared by the EBRD under a Risk Sharing Facility signed between the financial institutions.