PLASTECH

The financing seeks to support the growth and competitiveness of Les Entreprises Plastech Haiti S.A. and Plastech Solutions S.A. (the “Companies”, “Plastech” or the “Borrowers”), a leading company in the plastic industry in Haiti. Plastech has embarked on a US$10 million multi-year investment plan (2018-2020) that includes: i) a recycling project to use recycled material to produce different products (e.g. PET from used bottles; ii) solar power generator and distribution equipment including an LNG component to reduce the company’s carbon print and energy costs, one of the main hurdles to Plastech’s growth; iii) industrial machinery and equipment with more efficient technology; iv) purchase of equipment for excess heat recovery system; and v) debt refinancing. IDB Invest financing will have a 10-year tenor including 12 months of grace period.  Please see amendment.

AMENDMENT:  November 6, 2018

The financing seeks to support the growth and competitiveness of Les Entreprises Plastech Haiti S.A. and Plastech Solutions S.A. (the “Companies”, “Plastech” or the “Borrowers”), a leading company in the plastic industry in Haiti. Plastech has embarked on a US$14 million multi-year investment plan (2018-2021) that includes: i) a recycling project to use recycled material to produce different products (e.g. PET from used bottles; ii) solar power generator and distribution equipment including an LNG component to reduce the company’s carbon print and energy costs, one of the main hurdles to Plastech’s growth; iii) industrial machinery and equipment with more efficient technology; iv) purchase of equipment for excess heat recovery system and additional working capital; and v) debt refinancing. IDB Invest financing will have a 10-year tenor including 12 months of grace period.