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
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
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.
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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.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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 OfficesFor inquiries, comments and information requests about the project
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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