Company name

Grupo Vasconia, S.A.B.

Project number

13846-01

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
tooltip

B

Country

Mexico

Sector

Manufacturing

Status

Inactive

Disclosed date

03/11/2022

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

Projected board date
tooltip

04/11/2022

Approval date

04/11/2022

Signed date

N/A

Sponsoring entity

N/A

Team leader

Fernandez Fernandez, Martha

Investment type

Syndicated amount

N/A

Financing amount

USD $ 49,904,800

Currency

MXN

Project scope and objective

This transaction consists of a Partial Credit Guarantee to Grupo Vasconia S.A.B. (“Vasconia” or the “Group”) for bond issuances by the Group under its program (the “Project”). Vasconia is a Mexican industrial group mainly dedicated to aluminum manufacturing and production. It is organized into two divisions: i) consumer products, Vasconia Brands S.A. de C.V, with three plants mainly dedicated to the manufacture and sale (online) of tableware and kitchenware under different brands; and ii) industrial products, Almexa S.A. de C.V. with two operating plants and one in the late stages of construction, which manufacture aluminum sheets from recycled aluminum from local sources (68%) and imported primary aluminum (32%).

For inquiries, comments and information requests about the project

Request information

Learn 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.

VASCONIA 13846-01 ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

317.4 Kb

VASCONIA 13846-01 ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

112.6 Kb

For inquiries, comments and information requests about the project

Request information

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

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Ana Lucía Rodhas Alcántara

POSITION

ESG Specialist

PHONE NUMBER

(55) 5899 0200 / (55) 5328 2711

EMAIL

arodhas@grupovasconia.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

For inquiries, comments and information requests about the project

Request information

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