Company name
Invertec Foods S.A., Alberto Montanari and Mario Montanari
Project number
CH1055B-01
N/A
E&S category
N/A
Country
Chile
Sector
Agribusiness
Status
Completed
Disclosed date
09/20/1999
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/28/1999
Approval date
10/28/1999
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
N/A
Financing amount
N/A
Currency
USD
Project scope and objective
Project Description: The project involves the expansion of Invertec Foods S.A. apple and capsicum (red and green bell peppers and jalapeños) dehydration facilities in Chile and the increase in the cultivation of apples required in the hydration process. The project will enable an increase in production capacity of dehydrated apples and capsicum by about 35%, from 2,593 to 3,488 tons. This will be achieved by 1) optimizing the preservation of raw materials by increasing the cold storage capacity, 2) incorporating additional stages into the drying process, 3) constructing a new warehouse for finished goods, 4) acquiring peeling equipment, 5) acquiring a sorting unit for fruit inspection to increase quality control, and 6) other investments in the plant to increase efficiency and product safety. The project also contemplates a 40% increase in the land available for apple cultivation from 176 has to 246 has. By expanding the process lines and by increasing the cold storage chambers for raw materials and finished products, the company will be able to produce throughout the year, rather than seasonally.
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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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