Company name
Fábrica Nacional de Papel S.A.
Project number
UR2384A-01
N/A
E&S category
N/A
Country
Uruguay
Sector
Agribusiness
Status
Completed
Disclosed date
06/28/2004
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/04/2004
Approval date
08/04/2004
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 4,000,000
Currency
USD
Project scope and objective
Fanapel produces chemical-pulp paper for printing and writing, coated and uncoated paper, wrapping paper, conversion paper, and special paper, as well as notebooks, envelopes, and folders. The manufacturing plant is located in the town of Juan Lacaze, Colonia Department, 150 km from the city of Montevideo; it is the largest paper manufacturer and one of the largest private companies in the country. Fanapel provides 480 direct jobs and a large number of indirect jobs; it is the main source of employment and development in Juan Lacaze, which has 13,000 inhabitants.
The funding to be provided by the IIC seeks to improve the company's debt ratio by replacing some short-term liabilities and to assist Fanapel in fulfilling its debt reduction commitment with Banco de la República Oriental del Uruguay.
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Contact information
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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 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(292) 623-3952.
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.
ENVIRONMENTAL AND SOCIAL REVIEW
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