Company name
Grupo Fondería S.A. de C.V.
Project number
14002-01
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

Mexico
Sector

Manufacturing
Status
In implementation
Disclosed date
07/13/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/31/2023
Approval date
08/14/2023
Signed date
06/19/2024
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 88,217,900
Currency
MXN
Project scope and objective
This transaction consists of a long-term facility in favor of Grupo Fondería S.A. de C.V. ("Fondería" or the "Company"), engaged in the manufacture of steel products from recycled scrap. The Company has four production plants, all located in the SLP industrial zone, Mexico. The facility will be used to finance the construction of a steel mill that will manufacture steel slabs from recycled scrap.
For inquiries, comments and information requests about the project
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
rgarcia@fonderia.com
PHONE NUMBER
+52 444 880 9676
POST OFFICE ADDRESS
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.
FONDERIA ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
276.5 Kb
FONDERIA ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
143.4 Kb