STICHTING AERA
Status: Completed investmentWhy disclosure?
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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
Aidenvironment is a consultant that has been hired to work with PT Namasindo Plas. Namasindo 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 million. The majority of Namasindo's products are used for bottled drinking water and are sold domestically to large customers such as Danone, Coca Cola and Nestle.
What is our funding objective?
FMO is providing capacity development financing for consultancy services, which will support the development and implementation of a supply chain and corporate social responsibility program. The project targets Namasindo's PET bottle recycling supply chain and aims to address the health, safety and social risks related to the informal PET bottle collection system.
Why do we fund this investment?
This project will focus on improving the livelihoods of the waste pickers, both those in the collection centres and the informal waste pickers. The waste pickers' work makes the recycling of plastic bottles possible, contributing to the greening of this part of the supply chain.
- Website customer/investment
- http://www.aidenvironment.org
- Region
- Asia
- Country
- Indonesia
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 2/26/2015
- End date
- 8/21/2017
- Total FMO financing
- EUR 0.08 MLN
- Funding
- FMO NV