Company name
Industrias Alimenticias Mendocinas S.A.
Project number
AR3814A-01
N/A
E&S category
N/A
Country
Argentina
Sector
Agribusiness
Status
Completed
Disclosed date
04/17/2008
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/27/2008
Approval date
07/29/2008
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 25,400,000
Currency
USD
Project scope and objective
IAMSA produces and markets canned and Tetra-Brik packed fruit and vegetables under the Alco and Canale labels, among others. The Company, which started out as a small fruit and vegetable farm in Mendoza in 1958, is now one of the largest producers of canned fruit and tomatoes in Argentina.
The proposed IIC loan will be used for improving the Company’s debt maturity profile and financing the permanent working capital the Company needs as it grows. With this project, the IIC will (i) support one of the major sources of jobs in Mendoza Province; and (ii) support the sustainability of a supply chain made up of more than 200 longstanding small primary producers of fruit and tomatoes throughout the country, who supply IAMSA with a large percentage of the raw material it needs each season.
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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
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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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