Monday, November 4, 2013

This operation will allow Glass Container Prim, which is one of the largest itco suppliers of glass

Glas Container Company Moldovan Prime received a loan of $ 10 million "Diaspora Business
Message from the Embassy company Glas Container Moldovan Prime received a loan of $ 10 million Comments Feed Print AUTHOR: bogdan.daradan / Posted on: March 29, 2012 Category: Projects
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According to the Director General of the Glass Container Prim, Oleg Baban, the credit is designed to help the company itco to expand its production process and support the Moldovan economy. Oleg Baban said that this investment will take place after a conversion of the debt into equity in the amount of 16.3 million USD, made two largest shareholders of the company - Western NIS Enterprise Fund and Moldova Agroindbank.
This operation will allow Glass Container Prim, which is one of the largest itco suppliers of glass containers for food and beverage manufacturers who returns 20.5 percent of all Moldovan exports, to restructure and expand balance. itco IFC Regional Director for Europe and Central Asia countries, Tomasz Telma, said the financial debt restructuring Glass Container Prim are very important for healing the financial situation of the company. itco In turn, the president and chief executive of the regional fund for direct investment Western NIS Enterprise Fund (WNISEF), Natalia Iaresiko, said that assistance to restructure portfolio companies and attracting additional financing is one of the many possibilities that the fund uses to development companies as a shareholder.
President of Moldova Agroindbank, Natalia Sparrow said that Glass Container Prim is one of the largest projects funded by the bank and its success is very important for the Moldovan economy and cooperation with major financial institutions will contribute to the development and expansion itco of production process Glass Container Prim. This successful cooperation will help potential investors in approving investment decisions in the process of production and other sectors of the economy. Glass Container itco Moldovan Prime is a private, glass production deal in 2010. The company has a glass melting furnace, modern equipment and machinery itco that produces more than 130 million units of glass per year. The main shareholders of the company - Western NIS Enterprise Fund (81.5%) and Moldova Agroindbank (16.9%). Western NIS Enterprise Fund (WNISEF) is the first regional fund in Moldova and Ukraine of direct investment capital in the amount of 150 million USD, which has an experience of over ten years of investment in SMEs.
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