PT NAMASINDO PLAS
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
PT Namasindo Plas is one of the three largest producers of plastic gallons, plastic bottles and closure caps in Indonesia. Namasindo employs 1,500 people and has a turnover of approximately US$200 mln. The majority of Namasindo's products are used for bottled drinking water and sold domestically to large customers such as Danone, Coca Cola and Nestle.
What is our funding objective?
FMO is investing in a senior debt facility that will be provided to Namasindo as part of a larger financing package. The funds of the financing package will be used by Namasindo to expand its production capacity from 9 factories to 13 factories and replace some of its existing capital expenditure. Part of the funding will be invested in a product line which uses recycled PET.
Why do we fund this investment?
The development impact of this project is significant. By financing this project, FMO is partly investing in a sustainable recycling line. Furthermore, the expansion program will generate approximately 135 new jobs and will increase tax revenues in Indonesia.
- Website customer/investment
- http://www.namasindoplas.com
- Region
- Asia
- Country
- Indonesia
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 3/20/2014
- End date
- 9/26/2017
- Total FMO financing
- USD 30.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+