|
| Description of company and purpose of project |
The proposed project is an expansion of Chemical-Pharmaceutical Company “Biocon”’s (CPC Biocon or the Company) existing pharmaceutical customs bonded warehouse business in Ukraine. The project includes construction of new warehouse facilities and IT upgrade.
CPC Biocon is a Limited Liability Company established in 1997 in Kiev, Ukraine, providing services on custom clearance, transportation and storage of pharmaceutical products. |
|
| Project sponsor and major shareholders of project company |
| Mr. Alexander Yavorsky is the founder and controlling shareholder (90%) of the Company. |
|
| Total project cost and proposed IFC investment |
| The total project cost is estimated to be about $7 million and IFC’s proposed investment is a loan for IFC’s own account up to $3.5 million. |
|
| Location of project and description of site |
| The project is located at Bortnichy Kiev, Ukraine. |
|
| Project Development Impact and IFC's Role |
The project has developmental impact in helping a locally owned pharmaceutical distribution company to expand and raise the efficiency of its operations. The project would represent one of IFC’s few investments in a locally owned and managed Ukrainian company.
IFC Role in the project will include:
- providing long-term financing which is currently not available in Ukraine; and
- providing advice in the areas the Group’s overall development strategy and financial reporting. |
|
| Environmental and social issues - Category C |
This is a category C project according to IFC's environmental and social review procedure. There will be minimal environmental and social impacts associated with this project. Therefore, no further environmental or social analysis is required.
|
|
| To contact the project company, please write to: |
Alexander Yavorsky
29, Bereznyakovskaya St., Kiev 02098, Ukraine
Tel/Fax: + 38 044 574 00 03 |
|