Company name

Grupo Corporativo Papelera S.A. de C.V. (“GCP”)

Project number

ME4024A-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
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B

Country

Mexico

Sector

Agribusiness

Status

Completed

Disclosed date

05/23/2013

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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06/25/2013

Approval date

08/06/2013

Signed date

11/06/2013

Sponsoring entity

Sistemas Integrales para el Transporte S.A. de C.V.

Team leader

Lesme Romero, Hernando

Investment type

Syndicated amount

USD $ 7,547,240

Financing amount

USD $ 13,609,100

Currency

MXN, USD

Project scope and objective

GCP is a Mexican enterprise founded in 2001 engaged in the manufacturing and conversion of sanitary paper products, mainly bathroom tissue and napkins. 


The IIC funding will be used for the procurement and commissioning of a paper mill and all ancillary equipment to help strengthen the company’s competitiveness.


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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

50.6 Kb

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Contact information

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PHONE NUMBER

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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