Company name
Tablemac MDF S.A.S.
Project number
CO3913A-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
B
Country
Colombia
Sector
Agribusiness
Status
Completed
Disclosed date
10/01/2010
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/02/2010
Approval date
11/30/2010
Signed date
12/07/2010
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 18,400,000
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
The proposed project consists of a loan to Tablemac MDF S.A.S. for up to US$5 million, with a term of up to 8 years. With this operation, the IIC seeks to provide financing for the construction of a plant to manufacture medium-density fiberboard (MDF), with a net production capacity of 132,000 m3 per annum. The market has grown considerably over the past five years, and there is no local MDF manufacturer in Colombia.
Tablemac S.A. owns 100% of Tablemac MDF S.A.S. It is one of the main particleboard (PB) manufacturers in Colombia, an activity it has been carrying out since 1988, and since 1999 it has also manufactured furniture. It is well regarded in the sector thanks to the quality of its products.
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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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