Company name
Sigma S.A.
Project number
ES1006B-01
N/A
E&S category
N/A
Country
El Salvador
Sector
Manufacturing
Status
Completed
Disclosed date
06/30/2003
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/25/2003
Approval date
06/25/2003
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
N/A
Currency
USD
Project scope and objective
1. The project consists of (i) financing permanent working capital requirements, mainly accounts receivable and inventory, and (ii) the modernization and expansion of Sigma S.A.’s different divisions to maintain quality and provide production flexibility. The project also includes the final stage of the implementation of a new management information system that should allow for better management of working capital requirements, control of the business cycle, and customer relations. Sigma S.A. seeks to maintain its market share in Central American countries and gain market share in Mexico, the Caribbean, and other markets. The project will enable Sigma S.A. to produce products that some of its major clients are asking for and that it cannot produce at present.
2. Sigma S.A. is a successful Salvadoran multinational manufacturer with a long track record in the region and offers comprehensive product packaging, advertising, and presentation solutions to its clients. The group also provides solutions in the areas of graphic printing, corrugated and plastic packaging, and printing inks and dyes for product packaging and presentation materials.
3. The IIC will support Sigma S.A.'s operations with a long-term loan. The IIC and the Sigma S.A. group have had a good banking relationship since the early nineties. This is the IIC's second operation with Sigma S.A. and its third with an affiliated company. Sigma S.A. has met all of the loan requirements, including compliance with environmental and labor standards.
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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