Company name
Establecimientos Ancalmo S.A. de C.V.
Project number
14817-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
El Salvador
Sector
Manufacturing
Status
Proposed
Disclosed date
12/09/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
02/28/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 10,000,000
Currency
USD
Project scope and objective
The present operation consists of long-term financing for Establecimientos Ancalmo, S.A. de C.V. (“Ancalmo”) for: (i) the construction of a new pharmaceutical plant, and (ii) the acquisition of machinery and equipment with new production technologies, to enhance productive capacity and optimize resources.
With this financing, Ancalmo will be able to modernize its manufacturing capabilities and expand its regional reach. This objective will be achieved under greater climate action commitments for Ancalmo and BID Invest, seeking to ensure that the new industrial facilities achieve an EDGE Certificate for sustainable buildings. This will ensure water and energy savings during their construction and operation phases, under international recognition standards.
Similarly, the machinery will consider parameters to maximize energy efficiency, also evaluating the feasibility of using solar energy for its operation. These studies and advisories will be provided as part of the non-financial additionalities of BID Invest within the scope of this operation.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
Miguel.castro@ancalmo.com
PHONE NUMBER
(503) 2212-8100
POST OFFICE ADDRESS
Boulevard Walter Deininger, Col. La Sultana, Antiguo Cuscatlán.
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ANCALMO - PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (PAAS O ESAP)
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ANCALMO - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS O ESRS)
204.8 Kb