Company name
Eliane S.A.
Project number
12240-01
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
Brazil
Sector
Manufacturing
Status
Inactive
Disclosed date
05/04/2018
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/08/2018
Approval date
06/28/2018
Signed date
N/A
Sponsoring entity
Eliane S.A. - Revestimentos Cerâmicos
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 25,000,000
Financing amount
USD $ 25,000,000
Currency
BRL, USD
Project scope and objective
The Project will support the company´s 2017-2020 investment program which includes: (i) construction of three ceramic tiles production lines (equipment imported from Italy), (ii) construction of a distribution center, (iii) energy efficiency improvements, (iv) investments in safety standards requirements, (v) production automatization, and (vi) recovery of mining facilities. The financing will also include working capital, debt refinancing and maintenance capex as use of proceeds.
Eliane, founded in 1960, is the second largest ceramic tile producer (using the wet milling process) in Brazil. The company has been producing wall and floor ceramic tiles since 1960. Eliane is currently managed by Edson Gaidzinski Junior.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
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
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 SUMMARY
55.7 Kb