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Company name

Arzyz Industrias, S.A. de C.V. y Marzal Capital, S.A. de C.V.

Project number

14387-01

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

Manufacturing

Status

In implementation

Disclosed date

10/06/2023

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

Projected board date
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11/29/2023

Approval date

11/29/2023

Signed date

12/22/2023

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

USD $ 20,000,000

Financing amount

USD $ 30,200,000

Currency

USD

Project scope and objective

The project consists of a financing for Grupo Arzyz, a leader in the nonferrous metals sector in Mexico, of up to $50.2 million to (i) finance the construction and start-up of a new rotary kilns plant, and (ii) the purchase of adjacent land for the future expansion of the plant. This is IDB Invest's second transaction with Grupo Arzyz.

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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.

VARMOXZ II - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

92.2 Kb

VARMOXZ II - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS OR RRAS)

297.0 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

maria.ramirezzablah@arzyz.com

PHONE NUMBER

+52 81 8288 0000

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .