Quick Facts

Where the impacts of the investment may be experienced.
  • Poland
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-07-06
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Arctic Paper S.A.
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Finance
  • Industry and Trade
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 33.22 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 30,000,000.00
Converted using 2016-07-06 exchange rate.
Project Cost (USD): $ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-08-11
Disclosure Date: 2016-09-19
Arctic Paper

Project Description
This project provides long-term financing to Arctic Paper for resource and operating efficiency improvements, as well as capacity expansion in Poland. It is expected that these improvements will lead to increased competitiveness of Arctic Paper in the European graphic paper market. In addition, this project will support restructuring of Arctic Paper's balance sheet through extension of maturities of the existing short-term debt as part of a wider restructuring package alongside commercial banks and a bond programme.
Investment Description
Arctic Paper Group is a leading European producer in terms of production volume of bulky book paper, offering a broad range of products in the segment and one of the leading producers of high quality graphic paper in Europe. Currently, Arctic Paper operates one paper mill in Poland and two mils in Sweden with total paper capacity of 705,000 tons p.a. The company also owns controlling stake of Rottneros AB, a Swedish pulp production company operating 2 pulp mills with 400,000 tons production capacity. In 2015 the Company generated consolidated sales of PLN 2,900 million employing a workforce of approximately 1,770.
Contact Information
Malgorzata Majewska-Sliwa malgorzata.majewska@arcticpaper.com +48 601 554 806 +48 616 262 001 www.arcticpaper.com Arctic Paper SA, ul. J.H.Dabrowskiego 334a, 60-406 Poznan, Poland ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.