Project detail - LC PACKAGING INTERNATIONAL BV

LC PACKAGING INTERNATIONAL BV

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Who is our client

LC Packaging International BV is the leading supplier in Europe for agricultural packaging and bulk bags. The company produces high quality, large & flexible industrial containers (“FIBCs” or “big bags”) used for storing and transporting products including foods, pharmaceuticals and speciality chemicals. LC Packaging has a subsidiary in Bangladesh named Dutch-Bangla Pack Ltd.

Funding objective

This Capacity Development project comprises a twofold corporate footprint research, and on level of the production plant a 1) waste recycling unit and 2) a waste reduction project.

Why we fund this project

This is in line with FMO’s strategy. LC Packaging has a strong focus on sustainable business and sustainable production. This project will include a twofold footprint research: so called “Corporate research: and “product lifecycle research”. LC Packaging envisages a planned, dynamic and sustainable expansion project in 2017, for which FMO is considered a financial partner as well.

Website client
http://www.lcpackaging.nl
Region
Asia
Country
Bangladesh
Sector
Agribusiness, Food & Water
Signing date
6/28/2017
Total FMO financing
EUR 0.13 MLN
Fund
ForeignAffairs - CD
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+