Skip to main content

Company name

Elementia S.A.B. de C.V.

Project number

13191-01

Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.

E&S category
tooltip

C

Country

Regional

Sector

Manufacturing

Status

In implementation

Disclosed date

09/11/2020

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
tooltip

11/04/2020

Approval date

11/04/2020

Signed date

12/17/2020

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 70,000,000

Currency

MXN

Project scope and objective

Elementia S.A.B. de C.V. (“Elementia” or “the Company”) has requested IDB Invest's financial assistance to set up an uncommitted revolving credit facility (the "Facility") to finance its suppliers through the acquisition of collection rights (the "Project" or the "Operation"). The Operation includes accounts receivable whose payment will be deferred due to the exceptional measures taken by the Company to mitigate the impact of COVID-19 on its input suppliers.

====================================================

ADDENDUM #1:  On July 8, 2021, the publication was revised to include Colombia, El Salvador, Honduras, and Perú for the use of funds.

 

ADDENDUM #2: August 9, 2023: In 2022, as the result of a spin-off of Elementia S.A.B. de C.V. in two companies: i) ELEMENTIA MATERIALES; and ii) FORTALEZA MATERIALES. Therefore, the ESRS was updated and uploaded.

 

For inquiries, comments and information requests about the project

Request information

Learn 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.

ESRS - ESAP ELEMENTIA 2021-07-08 ENG

4.0 Mb

ELEMENTIA MAT - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

245.8 Kb

FORTALEZA MAT - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

235.5 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .