Company name
Neopak, S.A and Fábrica de Papeles Carrascal, S.A.
Project number
CH3744A-01
N/A
E&S category
N/A
Country
Chile
Sector
Agribusiness
Status
Completed
Disclosed date
03/28/2008
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/29/2008
Approval date
04/29/2008
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 9,000,000
Financing amount
USD $ 31,600,000
Currency
USD
Project scope and objective
Fábrica de Papeles Carrascal, S.A. was founded in 1964 and produces several types of paper (liner and corrugated paper) and corrugated cardboard boxes from recycled paper. Carrascal sells the paper to third parties. It also uses it to produce corrugated cardboard sheets that are sold to small and medium-size companies, and cardboard boxes, sold mainly to the industrial market. In 2005, Carrascal established a 99.9%-owned subsidiary, Neopak, S.A. With its modern machinery, Neopak’s new plant will help improve the group’s production efficiency and enable it to enter the corrugated cardboard box export market.
Neopak has requested a US$5,000,000 loan from the IIC to finance working capital needed to start the production of corrugated cardboard boxes, mainly for fruit export companies.
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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
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
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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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