Company name
Patagoniafresh S.A.
Project number
CH3869A-01
N/A
E&S category
N/A
Country
Chile
Sector
Manufacturing
Status
Completed
Disclosed date
02/18/2011
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/22/2011
Approval date
03/22/2011
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 5,000,000
Financing amount
USD $ 25,000,000
Currency
N/A
Project scope and objective
Patagoniafresh produces aromas and juice concentrates from apple, grape, berries, and other ingredients. The borrower is the leading exporter of non-citrus juice concentrates in the southern hemisphere and a strategic supplier of large markets seeking to reduce the risk of climate effects linked to the hemisphere. The juice concentrates are exported primarily to the United States, Canada, and Mexico.
Patagoniafresh is controlled by Empresas Iansa S.A., a reputable Chilean agribusiness company.
IIC financing will be provided in parallel with financing from other local banks. The proceeds will be used to refinance current short-term liabilities, finance working capital requirements, and make investments to improve the plant’s energy and production efficiency.
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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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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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