Company name
Cajas y Bolsas S.A.
Project number
ES3364A-02
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.
E&S category
B
Country
El Salvador
Sector
Manufacturing
Status
Completed
Disclosed date
11/05/2010
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/06/2010
Approval date
12/09/2010
Signed date
01/24/2011
Sponsoring entity
N/A
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
USD $ 600,000
Financing amount
USD $ 1,250,000
Currency
USD
Project scope and objective
The objective of this IIC operation is to provide long-term financing for the purchase of new machinery to make processes more efficient, reduce waste, and boost sales to the agro-export sector.
Cajas y Bolsas is one of the leading corrugated box manufacturers in El Salvador. Its focus is the industrial and commercial sector in El Salvador and Central America and it recently entered the export agribusiness sector. It is part of Grupo Cybsa, a conglomerate of companies in the packing industry (corrugated boxes, folding cartons, and flexible packaging) with head offices in El Salvador and additional operations in Costa Rica.
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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 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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