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IFC Investments in Poland (selected)




Board Approval Date
Project
Project
Cost*
million USD
IFC
Financing*
million USD
Project
Description
Apr-04
Lidl
    184.0
    48.6
Loan to open deep discount food stores and hypermarkets in Poland
Jun-03

Feb-00

Dec-97

Oct-96

Jul-94

Intercell
185.0

2.1

20.0

3.9

55.0

47.0

2.1

3.7

0.7

18.0

Modernization, expansion and vertical integration of the company’s operations. Intercell is Poland’s second-largest producer of unbleached packaging paper for commercial and industrial use and is located in Ostroleka.
Apr-99
Medicover
22.0
7.0
Investment in a medical services company to finance expansion of its operations in Central and Southern Europe.
Jun-98
Global Hotels
43.0
10.8
Development of a chain of Holiday Inn-franchised hotels.
May-98
Bank Wlasnosci Pracowniczej
10.0
7.0
Support for a small regional bank focusing on SME financing.
May-98
Paroc Polska
35.0
9.1
Modernization and expansion of a mineral wool plant.
Jun-97
Central Poland Fund
30.0
5.0
Establishment of a regional private equity fund for investing in SMEs.
Apr-97

Oct-95

Gaspol
10.0

60.0

1.0

25.0

Construction of a liquid petroleum gas terminal; upgrading the existing filling plants, gas storage capacity, and transport infrastructure.
Oct-96
Norgips
52.0
12.9
Construction, equipment modernization, and placing into operation of a gypsum wallboard manufacturing facility.
Jun-96
Polish American Mortgage Bank
35.0
15.0
Credit line to Poland’s first specialized mortgage lender.
Jan-96
Baltic Malt
27.5
8.8
Construction of a malt processing plant in Gdansk.
May-95
Nesky
13.3
2.0
Development of the retail network of an auto parts distributor.
Apr-95
Globi Retailing
57.0
10.0
Expansion of a modern supermarket chain.
May-94
Handlowy Heller
3.0
0.6
Establishment of the first factoring firm in Poland.
Mar-94
Amoco Poland
86.5
8.7
Appraisal and development of coal-bed methane resources in the Upper Silesian basin.
May-94
Kwidzyn Paper
328.0
24.0
Modernization and expansion of a pulp and paper plant.
Jul-93
Peters
18.0
5.5
Privatization of a state-owned meat plant; building and ventilation improvement; replacement of meat processing equipment.
Apr-93
BONA
5.1
2.0
Construction of a yogurt plant.
Dec-92
PEF-Poland
25.0
2.5
Establishment of a fund with the life of up to 10 years with an objective of long-term capital appreciation through investments in a diversified portfolio of joint ventures.
Sep-92
Huta Warszawa
299.1
46.2
Privatization and modernization of Poland’s largest alloy and special steel producer.
Dec-92
Pilkington Sandoglass
171.5
42.3
Privatization of Poland’s largest sheet glass manufacturer and construction of a float glass plant.

Principal partner is Pilkington of the UK, the world's leading producer of flat and safety glass.

Dec-91
Philips Poland
60.0
15.0
Privatization and modernization of lighting products manufacturer.
May-91
International Bank Poland

20.0
3.2
Establishment of a joint venture universal commercial bank for mobilizing short- and medium-term deposits from interbank market and corporate clients.
Apr-91
Warsaw Corporate Center
14.6
4.1
Construction of an office building in Warsaw.
May-90
Bristol Hotel
36.2
10.2
Privatization and renovation of a 200-room hotel in Warsaw under a joint-venture privatization agreement with Trusthouse Forte and IFC.
Dec-89
EDB-AL
60.0
29.6
Agency line to EDB to create a credit/quasi-equity facility to provide investment resources for projects too small for IFC to finance.
Nov-88
Hortex
56.9
14.8
Expansion of six fruit and vegetable processing factories and construction of facilities to produce frozen foods.

* Project cost and IFC financing refer to amounts approved by the IFC's Board