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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Jimenez Grandes, Gabriel
USD $ 35,000,000
Project scope and objective
The proposed transaction consists of granting Masisa S.A. (“Masisa” or “the Company”) a loan with a tenor of five years to finance the Company’s 2021-2023 capital investment plan and working capital for up to US$ 35 million. These investments include launching new lines to increase Masisa’s production capacity, investment in equipment and technology to gain efficiency in the production process, and non-discretionary investments for operational maintenance of its plants. The loan will be funded with IDB Invest resources.
Masisa works to transform spaces and inspire its customers through design, quality and sustainability in the production and sale of furniture and interior design solutions, with products including light and UL MDF, MDP, melamine, lining, and other added-value boards.
From its industrial operations in Chile, Mexico and Venezuela, forests in Argentina, and sales offices in Peru, Ecuador and Colombia, it aims to transform spaces, reaching customers from all over the world in more than 30 markets across South, Central, and North America, and Asia.
Its products are developed under responsible production standards, from the forest to the end product, in compliance with TSCA Title VI, CARB 2, FSC, and EPA certifications. Masisa is a Chilean publicly traded company that has been in operation since 1960, whose shares are traded on the Santiago Stock Exchange.
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Alternatively, you may also use the following contact information:
Paola Lara Abdo
+56 2 23506026
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005