Company name
TECNOFIL, S.A.
Project number
PE1115A-01
N/A
E&S category
N/A
Country
Peru
Sector
Manufacturing
Status
Completed
Disclosed date
10/04/2002
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/06/2002
Approval date
11/06/2002
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
The Project, which has a total cost of US$18.7 million, consists of expanding and modernizing Tecnofil's copper manufacturing facilities, as well as providing the necessary working capital to expand its sales (the "Project"). A new production line, which will provide additional production capacity, capable of producing copper products in a more efficient manner will be installed. New equipment will also be installed as part of the project in existing production lines to increase productivity and improve efficiency. The increased production capacity and availability of permanent working capital supplied by the Project will permit the company to expand its average monthly sales volume from close to 1,200 MT to some 1,780 MT in order to accommodate increasing market opportunities stemming out of the Company's diversification efforts. The recent take-or-pay supply agreement with General Electric, an increase in orders from existing Tecnofil customers, and purchases from new clients have contributed to the increased demand and resulted in a capacity constraint faced by the Company. As part of the financial plan, the IIC will provide a US$5.0 million long-term loan to help fund the Project.
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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.
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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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