Company name

NATURASOL, S.A. DE C.V.

Project number

13882-01

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

In implementation

Disclosed date

03/02/2022

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

Projected board date
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05/27/2022

Approval date

05/19/2022

Signed date

07/08/2022

Sponsoring entity

Naturasol and Mielmex S.A. de C.V.

Team leader

Aguirre Hernandez, Alma Iliana

Investment type

Syndicated amount

N/A

Financing amount

USD $ 14,982,900

Currency

MXN, USD

Project scope and objective

The transaction consists of a Senior secured loan for up to Mex $300 million for a term of 8 years (including a grace period of 2 years), to finance the acquisition of land and subsequent construction of a distribution center (“CEDIS”) in Mexico City. The CEDIS is strategically located with respect to the snack, cereal and peanut production facility, as well as the honey plant. The Project will allow the consolidation of the logistics operations of the finished product, achieving operational improvements for the company. In addition, it will allow a higher rate of growth of the installed productive capacity towards spaces that are currently occupied by inventories to be relocated to the new distribution center.

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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.

NATURASOL - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

256.0 Kb

NATURASOL - ENVIROMENTAL AND ACTION PLAN (ESAP)

61.4 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Fabiola Mancillas

POSITION

Gerente de Gestión Comercial y Mejora Continua

PHONE NUMBER

+52 55626587

EMAIL

fabiola.mancillas@mielmex.com

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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