XM-DAC-903-SII-31095
International Finance Corporation
Edilar Project
Edilar, S.A. de C.V. (Edilar or the Company) provides training materials, books and electronic media and on-going education financing to public sector teachers in 27 states of Mexico. Edilar supports teachers from the public sector by facilitating the access of teachers to training and training materials. Edilar has a large geographic presence and reaches public sector teachers in rural areas. The project will finance the Companys working capital needs for the next three years, as it expands its client base to further cities and states within Mexico. Edilar has additional offices in 23 states, each office serves as regional distribution center. In addition, Edilar has mobile distribution centers that distribute the materials to remote areas in Mexico.
Provision of quality education material: Edilar plans to expand its product offering and geographic reach further. This will have a strong development impact by providing public sector teachers with books, teaching material and ongoing training financing and thus enhancing the quality of the Mexican public education system. The Project is expected to reach over 80,000 teachers in 2017, which represents more than two million students reached annually. Private-public collaboration: Edilar works hand in hand with the Mexican Ministry of Education and teachers union by (i) providing certified educational content for K-12 public sector teachers, (ii) supporting the ongoing training and provision of teaching materials, and (iii) providing financing alternatives to public sector teachers for certified training purposes. Frontier regions: Edilar is present in 27 Mexican states, of which 6 are frontier states, providing education material to school teachers in rural areas, some of which are only accessible by 4x4 automobiles. These school teachers would have no other possibility of acquiring books, teaching material or training.
Edilar, S.A. de C.V.
Ignacio Uribe Ferrari Telephone: (+52) 55 5398 2597 mailto:iuribeferrari@redmagisterial.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Edilar, S.A. de C.V. Telephone: (+52) 55 5398 2597 Blvd. Manuel Ávila Camacho 1994-104 Col. San Lucas Tepetlacalco, Tlalnepantla - Edo. de México - CP 54055
Mexico
The financing will be provided to Edilar, which is located in Mexico City; however the financing will be for public sector teachers in 27 states in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
T-AA - Elementary and Secondary Schools
Total: $14.71 million
14710000.00
14710000.00
Edilar, S.A. de C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/31095/edilar-project
Development Results
Development Result Description
Indicator
CORE - Life and Fire Safety (LF and S)
Life and Fire Safety (Y/N)
Provision of quality education material: Edilar plans to expand its product offering and geographic reach further. This will have a strong development impact by providing public sector teachers with books, teaching material and ongoing training financing and thus enhancing the quality of the Mexican public education system. The Project is expected to reach over 80,000 teachers in 2017, which represents more than two million students reached annually. Private-public collaboration: Edilar works hand in hand with the Mexican Ministry of Education and teachers union by (i) providing certified educational content for K-12 public sector teachers, (ii) supporting the ongoing training and provision of teaching materials, and (iii) providing financing alternatives to public sector teachers for certified training purposes. Frontier regions: Edilar is present in 27 Mexican states, of which 6 are frontier states, providing education material to school teachers in rural areas, some of which are only accessible by 4x4 automobiles. These school teachers would have no other possibility of acquiring books, teaching material or training.
Provision of quality education material: Edilar plans to expand its product offering and geographic reach further. This will have a strong development impact by providing public sector teachers with books, teaching material and ongoing training financing and thus enhancing the quality of the Mexican public education system. The Project is expected to reach over 80,000 teachers in 2017, which represents more than two million students reached annually. Private-public collaboration: Edilar works hand in hand with the Mexican Ministry of Education and teachers union by (i) providing certified educational content for K-12 public sector teachers, (ii) supporting the ongoing training and provision of teaching materials, and (iii) providing financing alternatives to public sector teachers for certified training purposes. Frontier regions: Edilar is present in 27 Mexican states, of which 6 are frontier states, providing education material to school teachers in rural areas, some of which are only accessible by 4x4 automobiles. These school teachers would have no other possibility of acquiring books, teaching material or training.
XM-DAC-903-SII-31569
International Finance Corporation
FINAE Project
FINAE S.A.P.I de C.V, Sociedad Financiera de Objeto Multiple, E.N.R is a non-regulated, non-bank financial institution incorporated in 2006 offering exclusively student lending products to students attending Mexicos private universities. It combines commercial operations with a strong social orientation. Its innovative approach to education finance is a replicable model that has the potential to improve access to tertiary education in the Country and across other emerging markets. FINAEs growth potential is large however limited by the obstacles of the funding alternatives available in the Country, where they are required to provide a ~ 1.25x security coverage ratio to obtain financing. By providing an unsecured credit line, IFC will allow the Company to grow its portfolio at a much faster pace. The proposed project entails an unsecured peso denominated A Loan for up to MXN 130 million (US$8.3millionequivalent); 5years tenor, including a 2year grace period.
(i) FINAE enables increased access to quality tertiary education through student lending (ii) Focus on the bottom of the pyramid: 88% of FINAE''s porfolio is allocated to the C and D levels (iii) Promotes programs geared towards employability, as the lending criteria is based on the student''s expected income post-graduation
FINAE, S.A.P.I. DE C.V., SOFOM, E.N.R.
Jesus Garcia mailto:jgarcia@finae.com http://www.finae.com (55) 56-16-69-45
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
N.A
Mexico
FINAE is located and headquartered in Mexico City, Mexico. It has no branches associated to its operational structure nor other main offices in the Country. They use the infrastructure of the universities to strategically locate their sales agents in the main universities they work with.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-CA - Finance Companies
Total: $7.74 million
7740000.00
7740000.00
FINAE, S.A.P.I. DE C.V., SOFOM, E.N.R.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/31569/finae-project
XM-DAC-903-SII-31757
International Finance Corporation
Navix de mexico S.A. de C.V. SOFOM E.N.R.
The purpose of this project is to support SMEs deprived of access to finance in Mexico by supporting Navix de Mexico, S.A. de C.V. SOFOM, E.N.R. (Navix or the Company) a specialty non-bank, non-regulated financial intermediary focused on lending to local SMEs in the oil, gas and energy sectors in the southern states of Mexico. IFC will provide a loan of up to US$10 million equivalent. Navix is a Mexican multi-purpose financial institution established in 2007. Navix provides financing to small and medium-sized enterprises in the Country through structured debt facilities. Navixs two main business lines are project finance, which include structured loans to oil & gas and energy contractors and portfolio finance which include payroll financing, microfinance and loans to companies in other sectors of the economy.
Mexico''s access to finance is very low with only around 12% of the firms in the country having a line of credit compared to a regional median of 46%. This project will support small and medium local suppliers with financing facilities for working capital and growth needs operating in the oil & gas and energy sector. By increasing its source of funding, contractors can secure a larger share of contract bidding as well as remaining as service providers in an industry were contracts are typically awarded to multinationals.
Navix de México, S.A. de C.V., SOFOM, E.N.R.
Contact Information Juan José Flores Tel: (52 55) 59802550 Fax: (52 55) 59802573 mailto:jjflores@navix.com.mx http://www.navix.com.mx México DF, México
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Navix is headquartered in Mexico City, Mexico and has 3 regional offices located in the oil & gas production states: Veracruz, Tabasco and Campeche.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-FA - Other Non-Banking Financial Institution (NBFI)
Total: $10.00 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/31757/navix-de-mexico-s-a-de-c-v-sofom-e-n-r
Development Results
Development Result Description
Indicator
CORE - E and S Management Systems (Y/N)
System in Place
Mexico''s access to finance is very low with only around 12% of the firms in the country having a line of credit compared to a regional median of 46%. This project will support small and medium local suppliers with financing facilities for working capital and growth needs operating in the oil & gas and energy sector. By increasing its source of funding, contractors can secure a larger share of contract bidding as well as remaining as service providers in an industry were contracts are typically awarded to multinationals.
Mexico''s access to finance is very low with only around 12% of the firms in the country having a line of credit compared to a regional median of 46%. This project will support small and medium local suppliers with financing facilities for working capital and growth needs operating in the oil & gas and energy sector. By increasing its source of funding, contractors can secure a larger share of contract bidding as well as remaining as service providers in an industry were contracts are typically awarded to multinationals.
XM-DAC-903-SII-31939
International Finance Corporation
APM TEC II Project
APM Terminals Lazaro Cardenas (the Company) is developing a specialized container terminal (the Terminal) in the Port of Lazaro Cardenas, in the State of Michoacan, in Mexico. The Project represents the Terminals phase 1 development and includes: (i) the construction of a 750 meter quay, (ii) the creation of a 16.5 meter draft alongside the Terminal, (iii) installing the necessary cargo handling equipment and rail tracks, and (iv) developing an automated container yard and supporting backup areas and infrastructure. Upon completion of the Project, the Terminal would be the first partially automated container handling terminal in Latin America and is expected to have an annual capacity of 1.27 million twenty-foot equivalent units.
The Project will contribute to the development of the Port of Lazaro Cardenas, the fastest growing port in Mexico and one of the major ports of the country. The Project will increase Mexico''s competitiveness and indirectly drive trade growth by increasing container cargo capacity and improving efficiency levels to better serve exports and imports. The Project will help improve efficiency and productivity as well as increasing competition, benefitting shippers, shipping lines and consumers alike. As the first partially automated container terminal in Latin America, the Terminal would also introduce new technology and provide knowledge transfer to Mexico and Latin America as a whole. Finally, the Project will increase royalties and tax payments for the Port of Lazaro Cardenas and the Government of Mexico.
APM TERMINALS LAZARO CARDENAS S.A. DE C.V.
J D Nielsen Managing Director Campos Eliseos 223, Polanco Chapultepec, Mexico, D.F. +52 55 9138 2800
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Naima Bhana Campos Elíseos 223, Polanco Chapultepec, Mexico, D.F. +52 55 9138 2803
Mexico
The Project is part of the Lazaro Cardenas Port, located in the State of Michoacan, Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
E-BB - Port and Harbor Operations
Total: $100.00 million
100000000.00
100000000.00
APM TERMINALS LAZARO CARDENAS S.A. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/31939/apm-tec-ii-project
XM-DAC-903-SII-32407
International Finance Corporation
CS Mexico Credit Opportunities Trust
The project involves an IFC investment in a Trust, Credit Suisse Mexico Opportunities Trust (MEXCO or the Trust), in Mexico that has been set-up to mobilize long-term funding from institutional investors to on-lend to local mid-sized companies. The Trust is a newly established vehicle that will channel financial resources from primarily Afores (Mexican pension funds) to medium size corporates, allowing Afore investors to diversify their portfolio and enabling greater access to credit for medium size corporates. To achieve this, the Trust has issued Certificados de Capital de Desarrollo (CKDs), publically listed securities under the Mexican law, to help channel economic growth of these companies. The Trust is expected to invest in a portfolio of debt assets involving between 20-30 medium sized Mexican companies.
(i) Deepening and Strengthening of Local Capital Markets: The project will facilitate the deepening and strengthening of Mexican local capital markets by mobilizing investment from Mexican Pension Funds for the benefit of local corporates. (ii) Access to Finance: The project will increase access to longer-term finance for the underserved local corporates segment in Mexico. Vehicles like this offer alternative sources of financing to mid-cap firms especially, which may not be able to get access to longer-term funding readily from local financial institutions. (iii) Replication Potential: There exists the potential for replication of this project by others in Mexico, and in other regional markets facing similar capital market profiles
CREDIT SUISSE MEXICO OPPORTUNITIES TRUST
Andres Barrego Managing Director Credit Suisse Asset Management, LLC Institucion de Banca Multiple, Grupo Financiero Credit Suisse (México) Avenida Paseo de la Reforma 115, Piso 26 Colonia Lomas de Chapultepec 11000, Distrito Federal, Mexico Phone: + 5255 5283 8982 Fax: + 5255 5283 8985
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Andres Barrego Managing Director Credit Suisse Asset Management, LLC Institucion de Banca Multiple, Grupo Financiero Credit Suisse (México) Avenida Paseo de la Reforma 115, Piso 26 Colonia Lomas de Chapultepec 11000, Distrito Federal, Mexico Phone: + 5255 5283 8982 Fax: + 5255 5283 8985
Mexico
Credit Suisse Mexico is located in Mexico City.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-ID - Capital Markets Financing Company (Including Investment Banking)
Total: $50.00 million
50000000.00
50000000.00
CREDIT SUISSE MEXICO OPPORTUNITIES TRUST
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32407/cs-mexico-credit-opportunities-trust
XM-DAC-903-SII-32817
International Finance Corporation
Tuxpan Project
Riveras Del Pantepec, S.A. de C.V. (the Company) is developing a new container terminal (the Terminal) on Mexicos Atlantic coast in the Municipality of Tuxpan, State of Veracruz. The Project primarily consists of (i) the construction of a 560 meter quay; (ii) the installation of four Super Post-Panamax Ship-to-Shore gantry cranes, eight Automatic Stacking Cranes (ASCs) and other terminal handling equipment; and (iii) the construction of a 13 hectare container yard. The Terminal is estimated to have an initial annual capacity of 576,000 twenty foot equivalent container units (TEUs) per annum.
The Project will create a new gateway to help accommodate Mexico''s growing container trade and add 576,000 TEUs of modern container handling capacity to Mexico''s Atlantic coast. The Terminal will provide competition to the port sector and encourage existing operators to increase their efficiency. Located approximately 150 kilometer close to major production and consumption areas of Greater Mexico City, the Terminal would also reduce in-land transportation time and cost for shippers and consumers. The Project will also generate public revenues, jobs and a boost to economic activity in Tuxpan and in the State of Veracruz.
Tuxpan Port Terminal SA de CV
Eduardo Gómez SSA México Insurgentes Sur 1898, Piso 11, Col. Florida Del Alvaro Obregón CP 01030 Phone: 54 82 82 00 Website: http://www.ssamexico.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Calle Carretera a la Barra Sur No. Km 8+500 Colonia Ex-ejido de la Asunción Santiago de la Peña Localidad Tuxpan, Veracruz
Mexico
The Project is located on Mexicos Atlantic coast in the Municipality of Tuxpan, State of Veracruz.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
E-BB - Port and Harbor Operations
Total: $75.00 million
75000000.00
75000000.00
Tuxpan Port Terminal SA de CV
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32817/tuxpan-project
XM-DAC-903-SII-32826
International Finance Corporation
Norson S.A. de C.V.
The project will expand and upgrade pork growing operations of Norson Holdings S. de R.L. de C.V. (Norson or the Company), one of the leading integrated pork producers and processors in Mexico. The project includes: (i) modernizing Norsons swine farms; (ii) increasing nursery capacity; (iii) expanding cold storage capacity; (iv) increasing slaughter, processing and value added capacity; (v) continue with the implementation of its sustainability program, including installing plastic liners and covers in the existing waste lagoons for methane capture; and (vi) refinancing of the existing debt.
(i) Streamlining and debottlenecking of pork production which will improve biosecurity, animal welfare and result in improved efficiency. (ii) The project will contribute to the reduction GHG emissions through the installation of methane capture and combustion equipment. (iii) Norson currently employs about 2,000 people with a high level of female employment. The expansion will create significant direct and indirect employment opportunities, especially in rural areas that need non-farm economic opportunities.
Norson Holding, S. de R.L. de C.V.
Ing. Juan José Molina Enríquez Tel. +52 (662) 259-5800 mailto:info@norson.net .
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
SECRETARIA DE ECONOMIA DEL ESTADO DE SONORA Comonfort y Paseo del Canal, Centro de Gobierno, Edificio Sonora, ala sur, tercer nivel Hermosillo, Sonora, México. C.P. 83280 COPRESON (Consejo para la Promoción Económica en Sonora) Blvd. Solidaridad #335-A, Local 1, planta baja Hermosillo, Sonora, México. C.P. 83246
Mexico
The projects capital investments will be made at Norsons production facilities located in the state of Sonora, Mexico, primarily in and around the city of Hermosillo. All project sites have the necessary utilities, road access and permits.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
A-BD - Other Animal Production
Total: $40.00 million
40000000.00
40000000.00
Norson Holding, S. de R.L. de C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32826/norson-s-a-de-c-v
Development Results
Development Result Description
Indicator
Farmers Reached
Farmers Reached (#)
(i) Streamlining and debottlenecking of pork production which will improve biosecurity, animal welfare and result in improved efficiency. (ii) The project will contribute to the reduction GHG emissions through the installation of methane capture and combustion equipment. (iii) Norson currently employs about 2,000 people with a high level of female employment. The expansion will create significant direct and indirect employment opportunities, especially in rural areas that need non-farm economic opportunities.
(i) Streamlining and debottlenecking of pork production which will improve biosecurity, animal welfare and result in improved efficiency. (ii) The project will contribute to the reduction GHG emissions through the installation of methane capture and combustion equipment. (iii) Norson currently employs about 2,000 people with a high level of female employment. The expansion will create significant direct and indirect employment opportunities, especially in rural areas that need non-farm economic opportunities.
Indicator
Organizational capacity and Management Programs(%)
Organizational capacity and Management Programs(%)
(i) Streamlining and debottlenecking of pork production which will improve biosecurity, animal welfare and result in improved efficiency. (ii) The project will contribute to the reduction GHG emissions through the installation of methane capture and combustion equipment. (iii) Norson currently employs about 2,000 people with a high level of female employment. The expansion will create significant direct and indirect employment opportunities, especially in rural areas that need non-farm economic opportunities.
(i) Streamlining and debottlenecking of pork production which will improve biosecurity, animal welfare and result in improved efficiency. (ii) The project will contribute to the reduction GHG emissions through the installation of methane capture and combustion equipment. (iii) Norson currently employs about 2,000 people with a high level of female employment. The expansion will create significant direct and indirect employment opportunities, especially in rural areas that need non-farm economic opportunities.
Indicator
Occupational Health and Safety(%)
Occupational Health and Safety(%)
(i) Streamlining and debottlenecking of pork production which will improve biosecurity, animal welfare and result in improved efficiency. (ii) The project will contribute to the reduction GHG emissions through the installation of methane capture and combustion equipment. (iii) Norson currently employs about 2,000 people with a high level of female employment. The expansion will create significant direct and indirect employment opportunities, especially in rural areas that need non-farm economic opportunities.
(i) Streamlining and debottlenecking of pork production which will improve biosecurity, animal welfare and result in improved efficiency. (ii) The project will contribute to the reduction GHG emissions through the installation of methane capture and combustion equipment. (iii) Norson currently employs about 2,000 people with a high level of female employment. The expansion will create significant direct and indirect employment opportunities, especially in rural areas that need non-farm economic opportunities.
XM-DAC-903-SII-32871
International Finance Corporation
Aura Solar Project
The Aura Solar Project (the Project or Aura) comprises the construction and operation of a 38.6 MWdc (30MWac) greenfield photovoltaic power plant on an area of 100 ha to be located 10 km from La Paz, Baja California Sur (BCS), Mexico. The Project includes the construction of a 2.8 km-long transmission line. Aura is being developed by Gauss Energía (Gauss), an independent Mexican energy consultancy/developer and will be 100% owned by Corporacion Aura Solar, (CAS). The Project will be constructed and operated under an EPC contract with an experienced engineering firm and PV panels will be supplied by a top-class PV manufacturer. Construction will last approximately 8 months and Aura is expected to be commissioned by August 2013. Mexican sole power utility CFE will act as off-taker of the Project under a 20-year take-and-pay and will pay Aura Solar the applicable Short Term Marginal Cost or Costo Total de Corto Plazo at the La Paz node. Aura is the first private utility scale project to be developed under this framework and the largest PV solar plant to be built to date in Mexico. The Project will contribute to increase the share of clean and renewable energy in Mexico, specifically in BCS, an area mainly powered by fossil fuel generation.
The Project will contribute an additional 30 MW towards Mexico''s stated target of achieving at least 35% penetration of renewable energy and other "clean" power generation sources in its energy matrix by 2025. Given its location in Baja California Sur (BCS) and the State''s current energy matrix, the Project will substitute the carbon-intensive HFO and diesel -fired power generation delivered to approx 160,0000 inhabitants with a clean, renewable energy source, and will displace approx. 60,000 tons of CO2 emissions annually. By reducing the reliance on imports of fossil fuels to BCS, the Project is also expected to significantly reduce environmental risks associated with transporting such fossil fuels through environmentally sensitive areas, such as the Sea of Cortez . In addition, the Project is estimated to generate approx. 150-200 direct-employment positions during its construction period.
SERVICIOS COMERCIALES DE ENERGIA SA DE CV
Gauss Energía Bosques de Ciruelos 278 piso 2 Bosques de las Lomas Mexico DF 11700 Mexico Tel. +52 (55) 5596 6070
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Allende 896 esq. Josefa Ortiz de Domínguez Colonia Centro La Paz, Baja California Sur 23000 Mexico Tel. +52 (612) 129 4044 Attn. Gisela Talamantes
Mexico
The Project will be constructed in a 100 ha land plot, 100% owned by the Project and located within 10km of the city of La Paz, in the State of Baja California Sur.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
V-BF - Solar - Renewable Energy Generation
Total: $25.00 million
25000000.00
25000000.00
SERVICIOS COMERCIALES DE ENERGIA SA DE CV
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32871/aura-solar-project
XM-DAC-903-SII-32952
International Finance Corporation
ABC Capital SME
ABC Capital, S.A. I.B.M. (ABC Capital or the Bank) is a new financial entity resulting from various mergers and acquisitions, since it started operations in 2000 when it mainly targeted the construction industry sector. To further consolidate its growth strategy, in March 2011, ABC Capital started operating under the Mexican banking law with a clear strategy to tap into the Mexican SME segment, diversifying its loan portfolio while divesting from the construction and real estate industry. Today, ABC Capitals strength and differentiating product strategy is based on their low risk, standardized products (packaged products). Standardization allows credits to be processed through an in-house credit scoring model providing consequent cost efficiencies, low risk, high volume and high margin products. Now a strengthened financial institution with over 800 employees and presence in 22 states in the country, its willing to expand its product offering and target markets. As part of their expansion plans and in line with market needs, the Bank is further focusing on the SME segment, through their specifically targeted lending products, launched to the market in May 2012.
Increased Reach/ Access to SME Finance: SME in Mexico is one of the main pillars of the economy but it continues to lacking competitiveness and development. Through the proposed investment, IFC would contribute to banking penetration and access to credit in the sector and improve production efficiency; - Job Creation: The SME sector is a driver of employment in this economy. More funding availability would encourage businesses to produce in larger scales that would require the employment of more people; and - Improvements in Environmental and Social Management: with IFC''s investment the Bank will need to establish a ESMS
ABC Capital, S.A. Institución de Banca Múltiple
Jorge E. Gutierrez e-mail : mailto:jegutierrez@abccapital.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
N.A
Mexico
ABC Capital is headquartered in Mexico City and has operations across the country through a wide network of over 2000 Cemexs distributors franchises (Construramas) to massively reach its clients. IFCs investment made in HQ will reach SMEs across the country
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-AA - Commercial Banking - General
Total: $15.63 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/32952/abc-capital-sme
XM-DAC-903-SII-33270
International Finance Corporation
E Factor Network
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eFactor Network
S.A.P.I. de C.V
. (EFN) is privately owned company registered in Mexico. EFN offers an Internet platform that enables electronic factoring services for participating suppliers who wish to discount account receivables. Other EFN platform participants include banks which provide financing of receivables and approved corporate buyers which provide payments of receivables on maturity. A related party, eFactor Diez S.A.P.I. de C.V. Sofom ENR (EFD) operates as a trade finance intermediary to on-board new platform participants and offer other value added services (EFN and EFD, collectively EFactor or the Company).
The Project will support further expansion in the Mexican e-factoring market and offering other financial products, including supporting Mexican suppliers exporting goods and services to the US and Mexican corporate buyers with cross-border suppliers in the US, Canada and various emerging market countries in Latin America
.
IFC's investment will make Mexican electronic factoring market more competitive, contributing to more efficient transactions, cost reduction, and better use of working capital for participating SMEs in the supply chain. SMEs will benefit by:
a) improving financial liquidity for their operations and improved working capital;
b) increased certainty of payments;
c) lower financing costs by getting access to a larger set of financial institutions;
d) multiplier effect, in which SMEs can also improve the financial liquidity of their own supply chain.
E Factor Network, S.A. de C.V.
eFactor Network S.A.P.I. de C.V. Mr. Hector de la Garza Ramos CEO +52-81-8248-0800 Col. Del Valle 66620 Mol del Valle, Local 60San Pedro Garza Garcia, N.L., Mexico, CP 66220 www.efn.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
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For inquiries about the Project please contact the Company.
Mexico
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The proceeds for the Project will be applied at the headquarter location as well as in existing and future branch offices, as well at a call center facility in leased premises, all located in Mexico.
EFactor is headquartered in San Pedro Garza Garcia, near Monterrey, Nuevo Leon, Mexico.
Avenida Calzada del Valle #400
Col. Del Valle 66620 Mol del Valle, Local 60
San Pedro Garza Garcia, N.L., Mexico, CP 66220.
The Company has two branch offices in Mexico City and Celaya, Guanajuato, Mexico:
Cd. De México office
Montecito No. 38 Piso 6 Oficina 5
World Trade Center
Col. Nápoles
Delegacion Benito Juarez,
Mexico D.F., Mexico, CP 03810.
Celaya office
Agustín Arroyo N° 504-1
Colonia Alameda
Celaya, Guanajuato, Mexico, CP 38050.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-MF - Virtual lending, P2P, crowdfunding
Total: $5.00 million
5000000.00
5000000.00
E Factor Network, S.A. de C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33270/e-factor-network
XM-DAC-903-SII-33550
International Finance Corporation
Puertas Finas II
The project will expand operations of Holding Montealban SA de CV ( Puertas Finas or the Company), a leading company in the production of doors, contract woodwork and plywood in Mexico. The project includes: (i) implementing its 2012-2016 capital expenditures program; (ii) satisfying working capital needs; and (iii) refinancing of existing debt. Puertas Finas capital expenditures program aims at the modernization, expansion and energy efficient improvements of its existing operations. The Company has production facilities in various parts of Mexico and its headquarters are located in Oaxaca.
(i) The project will contribute to the development of two frontier regions in Mexico: Oaxaca and Guerrero, where economic stimulators are scarce and very much needed. (ii) Creation of both direct and indirect jobs, especially in Oaxaca where a new production line will be established. (iii) Promotion of sustainable forestry practices as Puertas Finas, provides technical and logistical support to the communities from where it supplies part of its pine wood. (iv) The Company is expected to continue improving its environmental performance, thus reducing its overall environmental footprint. (v) Company''s improvements in energy efficiency of its existing operations.
PUERTAS FINAS DE MADERA MONTEALBAN, S.A. DE C.V.
Josefina Lopez Robles Tel. +52 (951) 5176938 mailto:josefinarobles@pmontealban.com.mx Carlos Blanco Tel. +52 (951) 5176938 mailto:carlosblanco@pmontealban.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Surcos Lagos S/N San Francisco Tutla Santa Lucia del Camino, Oaxaca C.P. 71228
Mexico
The projects capital investments will be made at Puertas Finas production facilities located in the states of Oaxaca and Guerrero, Mexico, primarily in and around the urban area of Oaxaca. Both project sites have the necessary utilities, road access and permits.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
M-FB - Solid Wood Products (VAP)
Total: $13.00 million
13000000.00
13000000.00
PUERTAS FINAS DE MADERA MONTEALBAN, S.A. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33550/puertas-finas-ii
XM-DAC-903-SII-33639
International Finance Corporation
CAMESA II Project
The proposed IFC investment consists of a senior loan of up to MXN180 million to CAME, S.A. de C.V., S.F.P. (CAMESA) for on-lending to micro-entrepreneurs. The loan will have a tenor of three years and will support CAMESAs portfolio growth in Mexico.
i) Promote access to finance: CAMESA is targeting a very low income segment which does not have alternative sources of funding, and yet it has proven that this segment can generate a healthy loan portfolio. Therefore, through CAMESA, IFC will be able to provide a sustainable access to finance channel to a financially underserved population, most of whom are women. ii) Mobilize savings and insurance: One of the key differentiating features of CAMESA''s activities in Mexico is its integrated approach which has demonstrated that even low income segments are able to generate savings. In addition, CAMESA already offers micro insurance products that provide debt coverage in case of clients'' death for almost over 10 times the amount of the average loan. iii) Promote competition: Mexico presents a higher lending rate compared to other MFIs in LAC; this clearly reflects a low level of competition in the current market environment. Although, it can be expected that competition will keep increasing through the entry of new players, this process can be accelerated only through rapid growth and consolidation of large MFIs and their improvements in operational efficiency.
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.
Federico Manzano Lopez General Manager of CAME Group and CAMESAs Board Member Consejo de Asistencia al Microemprendedor S.A. de C.V, S.F.P. Telephone: +52 55 53 403070 ext. 124 E-mail: mailto:fmanzano@came.org.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
CAMESA is headquartered in Mexico City, where the management team is based. CAMESA operates through its 168 branches in 28 Mexican states. Over 20% of its branches are in frontier states, and it is focused on high density sub-urban areas where financial access is low.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $14.06 million
14060000.00
14060000.00
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33639/camesa-ii-project
XM-DAC-903-SII-33770
International Finance Corporation
Sala Uno Project
The proposed investment consists of an approximate US$2.2 million straight equity for a minority stake in SalaUno (the Company) in order to finance the expansion of specialized eye care (cataract surgeries) in Mexico. The purpose of the project is to provide specialized eye-care procedures to a large and underserved market in Mexico. As such, it has exceptionally high development impact and a strong strategic fit for IFC. The Company is expanding in a region with rising incidence of eye cataracts where the current supply has insufficient capacity to treat conditions that cause needless blindness. The Project will also reduce geographic, economic and information barriers that prevent patients from restoring their sight.
Company expanding in a region with rising incidence of eye cataracts: the current supply fails to deliver a complete and adequate solution at affordable prices. Reducing impact of blindness in the economy: blindness is the second cause of impairment in Mexico and cataract accounts for 50% of blindness cases. Eye conditions affect 40% of Mexican adults; SalaUno's potential for social impact is significant. By restoring the sight, people recover, through a relatively simple and inexpensive surgery, their capacity to produce economic value. Reducing geographic and information barriers that prevent patients from restoring their sight. Currently, 85% of patients treated are from the C and D income groups. Strong demonstration effect in other players of the health sector, by generating competitive pressure to reduce prices, which will ultimately increase social impact.
Salauno Salud, S.A.P.I. de C.V.
Javier Okhuysen Mérida 204 Roma Norte, Cuauhtémoc 06700, Mexico City Mexico Phone (52) 1 55 4342-8382 Email: mailto:javier.okhuysen@salauno.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Javier Okhuysen Mérida 204 Roma Norte, Cuauhtémoc 06700, Mexico City Mexico Phone (52) 1 55 4342-8382 Email: mailto:javier.okhuysen@salauno.com.mx
Mexico
IFC financing will be directed to SalaUno in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
S-AB - Medical and Diagnostic Services
Total: $2.24 million
2240000.00
2240000.00
Salauno Salud, S.A.P.I. de C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33770/sala-uno-project
Development Results
Development Result Description
Indicator
Patients Served (#)
Actual Inpatients (#)
Company expanding in a region with rising incidence of eye cataracts: the current supply fails to deliver a complete and adequate solution at affordable prices. Reducing impact of blindness in the economy: blindness is the second cause of impairment in Mexico and cataract accounts for 50% of blindness cases. Eye conditions affect 40% of Mexican adults; SalaUno's potential for social impact is significant. By restoring the sight, people recover, through a relatively simple and inexpensive surgery, their capacity to produce economic value. Reducing geographic and information barriers that prevent patients from restoring their sight. Currently, 85% of patients treated are from the C and D income groups. Strong demonstration effect in other players of the health sector, by generating competitive pressure to reduce prices, which will ultimately increase social impact.
Company expanding in a region with rising incidence of eye cataracts: the current supply fails to deliver a complete and adequate solution at affordable prices. Reducing impact of blindness in the economy: blindness is the second cause of impairment in Mexico and cataract accounts for 50% of blindness cases. Eye conditions affect 40% of Mexican adults; SalaUno's potential for social impact is significant. By restoring the sight, people recover, through a relatively simple and inexpensive surgery, their capacity to produce economic value. Reducing geographic and information barriers that prevent patients from restoring their sight. Currently, 85% of patients treated are from the C and D income groups. Strong demonstration effect in other players of the health sector, by generating competitive pressure to reduce prices, which will ultimately increase social impact.
Indicator
Patients Served (#)
Actual Outpatients (#)
Company expanding in a region with rising incidence of eye cataracts: the current supply fails to deliver a complete and adequate solution at affordable prices. Reducing impact of blindness in the economy: blindness is the second cause of impairment in Mexico and cataract accounts for 50% of blindness cases. Eye conditions affect 40% of Mexican adults; SalaUno's potential for social impact is significant. By restoring the sight, people recover, through a relatively simple and inexpensive surgery, their capacity to produce economic value. Reducing geographic and information barriers that prevent patients from restoring their sight. Currently, 85% of patients treated are from the C and D income groups. Strong demonstration effect in other players of the health sector, by generating competitive pressure to reduce prices, which will ultimately increase social impact.
Company expanding in a region with rising incidence of eye cataracts: the current supply fails to deliver a complete and adequate solution at affordable prices. Reducing impact of blindness in the economy: blindness is the second cause of impairment in Mexico and cataract accounts for 50% of blindness cases. Eye conditions affect 40% of Mexican adults; SalaUno's potential for social impact is significant. By restoring the sight, people recover, through a relatively simple and inexpensive surgery, their capacity to produce economic value. Reducing geographic and information barriers that prevent patients from restoring their sight. Currently, 85% of patients treated are from the C and D income groups. Strong demonstration effect in other players of the health sector, by generating competitive pressure to reduce prices, which will ultimately increase social impact.
XM-DAC-903-SII-33776
International Finance Corporation
CMSA Manzanillo
The Project consists of the development and operation of a greenfield container terminal within the Port of Manzanillo in Colima, Mexico. The terminal is expected to alleviate congestion and provide additional container cargo handling capacity at the Port of Manzanillo.
The construction of the terminal will encourage more competition in the Mexican Pacific coast while meeting growing demand for more terminal capacity. The Project will reduce congestion, improve efficiency and productivity, and therefore benefit shippers, shipping lines, and consumers alike. It will serve as a catalyst for increased trading activity in the region, create employment, and support revenue generation for the Port Authority.
Contecon Manzanillo, S.A. de C.V.
Claudio Mustico Director de Tecnología y Seguridad Portuaria IT & HSSE Director CONTECON MANZANILLO SA de CV An ICTSI Group Company E-Mail mailto:cmustico@contecon.mx Tel / Pho: +52 (314) 3315595
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Contecon Manzanillo SA de C.V.Av. Teniente Azueta No. 9Colonia Burocrata, C.P. 28250,Manzanillo Colima, Mexico
Mexico
The Project is located on the Pacific Coast of Mexico in Colima state, about 800 kilometers from Mexico City and 300 kilometers from Guadalajara.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
E-BB - Port and Harbor Operations
Total: $65.00 million
65000000.00
65000000.00
Contecon Manzanillo, S.A. de C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33776/cmsa-manzanillo
Development Results
Development Result Description
Indicator
Payment to Government
Annual Payments ($M)
The construction of the terminal will encourage more competition in the Mexican Pacific coast while meeting growing demand for more terminal capacity. The Project will reduce congestion, improve efficiency and productivity, and therefore benefit shippers, shipping lines, and consumers alike. It will serve as a catalyst for increased trading activity in the region, create employment, and support revenue generation for the Port Authority.
The construction of the terminal will encourage more competition in the Mexican Pacific coast while meeting growing demand for more terminal capacity. The Project will reduce congestion, improve efficiency and productivity, and therefore benefit shippers, shipping lines, and consumers alike. It will serve as a catalyst for increased trading activity in the region, create employment, and support revenue generation for the Port Authority.
Indicator
Direct Employment (#) - Operations and Maintenance
Employment (#)
The construction of the terminal will encourage more competition in the Mexican Pacific coast while meeting growing demand for more terminal capacity. The Project will reduce congestion, improve efficiency and productivity, and therefore benefit shippers, shipping lines, and consumers alike. It will serve as a catalyst for increased trading activity in the region, create employment, and support revenue generation for the Port Authority.
The construction of the terminal will encourage more competition in the Mexican Pacific coast while meeting growing demand for more terminal capacity. The Project will reduce congestion, improve efficiency and productivity, and therefore benefit shippers, shipping lines, and consumers alike. It will serve as a catalyst for increased trading activity in the region, create employment, and support revenue generation for the Port Authority.
Indicator
Female Direct Employment (#) - Operations and Maintenance
Female Employment (#)
The construction of the terminal will encourage more competition in the Mexican Pacific coast while meeting growing demand for more terminal capacity. The Project will reduce congestion, improve efficiency and productivity, and therefore benefit shippers, shipping lines, and consumers alike. It will serve as a catalyst for increased trading activity in the region, create employment, and support revenue generation for the Port Authority.
The construction of the terminal will encourage more competition in the Mexican Pacific coast while meeting growing demand for more terminal capacity. The Project will reduce congestion, improve efficiency and productivity, and therefore benefit shippers, shipping lines, and consumers alike. It will serve as a catalyst for increased trading activity in the region, create employment, and support revenue generation for the Port Authority.
XM-DAC-903-SII-33958
International Finance Corporation
VMLA - Mexico
IFC will be providing a financial package of up to US$25 million to fund VM Mexico (VMM or the Company). VMM will be offering mobile phone services primarily to the youth segment, with a targeted offering that will expand mobile broadband usage with attractive data packages. VMLA (the Sponsor) has Mobile Virtual Network Operator (MVNO) licenses in Chile, Colombia, Mexico and Peru.
1) Innovation/Demonstration Effect: MVNOs are relatively new in LAC. The business model provides tangible benefits to all participants (i.e., MVNOs, Mobile Network Operators ("MNO"), regulators, and most importantly, the consumer). The MVNO model allows for a deeper penetration of services (i.e., including mobile broadband, etc.) as poorly attended client niches (i.e. youth) obtain a well targeted service offering more aligned to its needs and expectations. 2) Broadband / Productivity enhancement: VMM offers a data centric service offering. Broadband directly contributes towards improving productivity. The contributions of broadband connectivity to economic growth, and as a kick-starter of other innovative business models (e-health, e-education, e-commerce, etc.), is widely accepted. 3) Infrastructure Sharing: This is a key theme in IFC''s TMT sector strategy. As such, MVNOs operate over existing telecoms infrastructure, thus maximizing efficiency, while increasing competition and reducing prices. The owner of the core infrastructure (i.e., MNOs) also benefits as it revenues increases by selling additional minutes and data wholesale. This is particularly relevant for an operator such as Movistar, whose network in Mexico is not fully utilized. Also, MVNOs have no substantial infrastructure or facilities, so they are unlikely to create E&S risk. 4) Availability, affordability & inclusion of underserved markets: MVNOs contribute to expanding the reach of underserved population segments, lowering the cost and increasing competition in mobile telephony. This is critical in Mexico, which has one of the least developed telecoms sectors in LAC as a result of a dominant player inhibiting competition and keeping prices very high by regional standards. MVNOs are fully aligned with the regulator''s objective, particularly after the recently enacted telecoms law (June 2013) which has as main objective to reduce America Movil''s (Telcel) grip on this market. 5) Youth: VMM directly targets the youth segment. Youth in general have a lower purchasing power than other population segments, and thus, a targeted and relevant service offer contributes directly to attending this segment''s needs.
VIRGIN MOBILE MEXICO S. DE R.L. DE C.V.
Peter Macnee President & CEO VMLA Lynex Chambers PO Box 4408 Road Town Tortola VG1110 British Virgin Islands Telephone: +1-201-248-4465 Fax: n/a Email: mailto:peter.macnee@virginmobilelatam.com Guillermo Mulville (Team Leader) Principal Investment Officer - IFC Tel: +54.11.4114.7206 Email: mailto:gmulville@ifc.org Pablo Piffaretti (Transaction Leader) Associate Investment Officer - IFC Tel: +54.11.4114.7221 Email: mailto:ppiffaretti@ifc.org
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The C-loan will be applied to a project located in Mexico, where following an initial launch in Mexico DF, the Company plans to roll-out nationwide operations.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
N-AC - Mobile Telephony
Total: $12.50 million
12500000.00
12500000.00
VIRGIN MOBILE MEXICO S. DE R.L. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33958/vmla-mexico
XM-DAC-903-SII-34031
International Finance Corporation
Capital Indigo
Asesores Indigo S.A.P.I. de C.V. (Capital Indigo), a Mexican private equity (PE) Fund Manager, is raising a US$60-80 million growth private equity fund (Capital Indigo Fund I) for investments in local SMEs. The Fund was launched in late 2012 to invest equity or mezzanine debt in targeted Mexican SMEs and selectively in proven, strong entrepreneurs. Investment size will range from US$3-10 million, aiming to secure either a majority ownership interest or a mezzanine structure with warrants/equity kickers. The Fund will target investment opportunities driven by three long term trends: i) the growth of a young and emerging middle class; ii) the increase in demand of health-related products and services; and iii) sectors that benefit from a transformation into a greener and more sustainable world. The Fund is an early mover in the SME private equity industry in Mexico, where there is low competition from financial institutions and private equity funds that typically seek to invest larger sums of capital per transaction. Target companies will have a clear competitive advantage locally and/or internationally due to manufacturing process, technology or business model and a clear potential to achieve a profitable exit within a two to six-year frame. The Fund has been organized under the laws of Mexico as a private equity FICAP (Fideicomiso de Inversion en Capital Privado), a local trust used in raising private equity in Mexico. IFC is considering investing in the trust (which has catalyzed interest from other institutional investors). Capital Indigo is based in Mexico City. The Fund will observe both local and environmental regulations and the World Bank Groups performance standards.
Mexico's middle class (about 40% of the population) is expected to double by 2025 (Bain 2013 PE in Mexico Report) and 17% of the population has moved into the middle class in one decade (World Bank). The Fund is expected to contribute to the growth of SME companies that offer services and products for Mexico's emerging middle class and low income populations. The Fund will invest in 8-10 SMEs positioned in critical sectors that target these groups: education, health and the green sector. Private equity activity that supports mid-cap and large companies in Mexico has grown. The country has low private equity penetration compared to its peers in Latin America, particularly in the high growth SME space. Less than 5% of capital available for private equity focuses on growth SME with a ticket of less than $10 million. The Fund will support the growth and professionalization of SMEs and entrepreneurs by providing equity capital and management advice, improving environmental and social standards and mobilizing co-investments. The Fund's potential demonstration effect is high: successful fundraising and strong fund performance will send a positive signal to equity investors to consider mid-range investments in SME growth funds that will create new sustainable jobs, thereby contributing to economic development and employment. IFC will measure and report on the following developmental impact indicators: i) percentage of funding disbursed; ii) net/gross financial returns; iii) number of jobs created; iv) annual growth sales; v) annual growth in EBITDA; and vi) launching follow-on funds, to mention a few DOTS indicators.
INDIGO 1 FICAP
Mr. Bernardo Paasche Managing Partner, Capital Indigo mailto:bpaasche@capitalindigo.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
As required by IFC or local laws.
Mexico
The Fund will seek investments primarily in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
P-BA - Private Equity/Venture Cap Fund - Country
Total: $10.00 million
10000000.00
10000000.00
INDIGO 1 FICAP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34031/capital-indigo
XM-DAC-903-SII-34073
International Finance Corporation
Acuagranjas Exp.
The proposed investment consists of a senior secured loan of US$10 million to Acuagranjas Dos Lagos (ADL) to finance its capital expenditures for the development of additional production infrastructure at Lake Malpaso, installation of additional processing lines at its existing processing facility and other related investments. ADL was established in 2007 in Chiapas province of Mexico as the third and newest operation of the Regal Springs Group (RSG), the worlds largest vertically integrated producer and marketer of tilapia products. The project is a key element of RSGs strategic objectives to: i) maintain its global leadership in a growing industry by reaching 150,000 MT of total biomass production and ii) step-up its presence in key premium markets of the Americas and Europe.
1) Job creation: Chiapas province is one of the poorest provinces in Mexico with limited supply of full-time employment opportunities. To date, the Company has created approximately 1,000 jobs and will generate at least 1,000 additional direct jobs. 2) Outreach: about 40 local fishermen from the local communities have seen their income and skills significantly improved as the Company assisted them in developing their own fish farms with annual production of up to 40 MT per annum for the larger farmers. Over 300 additional local fishermen will benefit from similar arrangements in Lake Malpaso. 3) Health and education infrastructure: as a result of the Project, more families will have access to health and education support provided by the Company.
Acuagranjas dos Lagos, S.A. de C.V.
Mr. Leopoldo Montoya Martinez Gerente General Acuagranjas Dos Lagos +52- 045-961-225-4890 E-mail: mailto:leopoldo.montoya@acuagranjas.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
The Company will be requested to place an advertisement in a local newspaper in the Northern Area of Chiapas as well as its website ( http://www.regalsprings.com ) to inform the public from IFCs environmental and social review (ESRS) findings and ESAPs corrective action items.
Mexico
All ADL operations are located in Chiapas province of Mexico. The processing facility is located in the Ostuacan municipality whereas Lake Malpaso is located in Mezcalapa municipality.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
A-BC - Animal Aquaculture
Total: $10.00 million
10000000.00
10000000.00
Acuagranjas dos Lagos, S.A. de C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34073/acuagranjas-exp
Development Results
Development Result Description
Indicator
Farmers Reached
Farmers Reached (#)
1) Job creation: Chiapas province is one of the poorest provinces in Mexico with limited supply of full-time employment opportunities. To date, the Company has created approximately 1,000 jobs and will generate at least 1,000 additional direct jobs. 2) Outreach: about 40 local fishermen from the local communities have seen their income and skills significantly improved as the Company assisted them in developing their own fish farms with annual production of up to 40 MT per annum for the larger farmers. Over 300 additional local fishermen will benefit from similar arrangements in Lake Malpaso. 3) Health and education infrastructure: as a result of the Project, more families will have access to health and education support provided by the Company.
1) Job creation: Chiapas province is one of the poorest provinces in Mexico with limited supply of full-time employment opportunities. To date, the Company has created approximately 1,000 jobs and will generate at least 1,000 additional direct jobs. 2) Outreach: about 40 local fishermen from the local communities have seen their income and skills significantly improved as the Company assisted them in developing their own fish farms with annual production of up to 40 MT per annum for the larger farmers. Over 300 additional local fishermen will benefit from similar arrangements in Lake Malpaso. 3) Health and education infrastructure: as a result of the Project, more families will have access to health and education support provided by the Company.
XM-DAC-903-SII-34538
International Finance Corporation
CAMESA PCG Project
Consejo de Asistencia al Microemprendedor S.A. de C.V., S.F.P. (CAMESA or the Company), an existing IFC Client, is planning its first long-term debt issuance of MXN200 million (US$15.4 million equivalent) in the domestic debt capital markets. The Company seeks to place the issuance with institutional investors. CAMESAs current rating is BBB+ by Fitch; hence, a credit enhancement for the issue will facilitate its placement at an attractive cost and to access the target investor base. Depending on the market conditions, the Company may decide to issue 2-3 smaller bonds under a bond program.
1. Financial institution development: The Project will contribute to the development of a leading MFI and will support CAMESA in building its name in the capital markets and diversify its funding base with private sector investors. 2. Access to finance for micro entrepreneurs: The Project will support the availability and growth of finance to micro entrepreneurs in Mexico, particularly in high density sub-urban areas. 3. Funding mobilization: The PCG will mobilize local currency funding for a leading MFI that contributes to the economic development and job creation in Mexico. 4. Development of the corporate debt capital markets: IFC's PCGs support the development of the local corporate debt capital markets. In Mexico, the local capital markets still remain illiquid and difficult to access by corporate bond issuers except the largest ones such as PEMEX. This transaction would contribute to the breath of bond issuers able to tap into the bond markets.
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.
Federico Manzano Lopez General Manager of CAME Group and CAMESAs Board Member Consejo de Asistencia al Microemprendedor S.A. de C.V, S.F.P. Telephone: +52 55 53 403070 ext. 124 E-mail: mailto:fmanzano@came.org.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
CAMESA is headquartered in Mexico City, where the management team is based. CAMESA operates through its 168 branches in 28 Mexican states. Over 20% of its branches are in frontier states, and it is focused on high density sub-urban areas where financial access is low.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $9.73 million
9730000.00
9730000.00
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34538/camesa-pcg-project
XM-DAC-903-SII-36038
International Finance Corporation
DARP Secorse Ser
The proposed project consists of an investment in Servicios de Cobranza, Recuperación y Seguimiento, S.A. de C.V. (Secorse or the Company), the Mexican servicing company of Banco Santander S.A. (Spain) (Santander). The project also includes an investment in a Special Purpose Vehicle (SPV), yet to be created, funded along with Secorse. The SPV will invest in the acquisition and resolution of non-performing portfolios, to be serviced by the Company.
(i) Access to Finance and Turnaround: IFC''s current platform''s collection practices significantly increase the likelihood of households to reach appropriate payment agreements, thus avoiding losing their assets, and ultimately re-enter the formal banking system. This significantly contributes to the wellbeing of a large number of households that for one reason or another have faced financial difficulties and therefore have been unable to honor their debts as originally scheduled. Moreover, the successful implementation of the project could spark further interest of other market players and evolve into a common practice. This could evolve into an important stabilization mechanism for Mexican financial system and help IFC to address the current NPLs issues in Mexico; (ii) International Best Practices: As part of the project IFC would promote international insolvency standards, creditors'' rights and collection practices for the resolution of the distressed assets to be serviced by the Company and acquired by the SPV; and (iii) Market transparency: Through this project, IFC would be helping different financial institutions in assigning a market value to its DA portfolio. If successful, the proposed project has the potential to be replicated by other entities in Mexico, increasing this way the level of transparency of financial institution''s balance sheets.
DARP Secorse SPV
Isabel Alvarez Bosque de Duraznos No. 61, Piso 12 - A Col. Bosque de las Lomas Del. Miguel Hidalgo, C.P. 11700 Mexico, D.F.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-FC - Distressed Assets Servicer
Total: $30.00 million
20000000.00
10000000.00
20000000.00
DARP Secorse SPV
10000000.00
DARP Secorse SPV
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36038/darp-secorse-ser
XM-DAC-903-SII-36395
International Finance Corporation
Credit Suisse Mexico Credit Opportunities Trust II
This project involves IFCs participation in Credit Suisse Mexico Credit Opportunities Trust II (CS Trust II) certificates, a US$750 million MXN Pesos equivalent Certificado de Capital de Desarrollo (CKD) to be structured and managed by Banco Credit Suisse (Mexico), S.A. (BCSM or the Manager). This is the second IFCs investment in a CKD in Mexico, after Credit Suisse Mexico Credit Opportunities Trust I (CS Trust I). CS Trust II is meant to direct the mobilized funds to mid-sized enterprises with limited access to financing. Funding is one of the major obstacles for small and mid-sized firms to grow. As a result, there is a largely unmet demand for long-term credit from mid-sized companies in Mexico as confirmed by the demand for CS Trust I financing.
(i) The project will facilitate the deepening and strengthening of Mexican local capital markets by aiding in the mobilization of investment from Afores for the benefit of local corporates and SMEs. (ii) The project will increase access to long- term finance for the underserved local mid-sized corporates in Mexico. Vehicles like these offer alternative sources of financing to mid-cap firms especially, which may not be able to get access to funding readily from local financial institutions. (iii) The Trust is the second debt-oriented CKD in Mexico and IFC''s continued to support will further raise awareness of this asset class in Mexico thereby providing positive demonstration effect, potentially to additional investment in the sector. (iv) There is a potential for replication of this project by others in Mexico, and in other regional markets facing similar capital market challenges.
Credit Suisse Opportunity Trust II
Andres Borrego Managing Director mailto:andres.borrego@credit-suisse.com Credit Suisse Asset Management, LLC One Madison Avenue New York, NY. 10010-3644
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Manuel Ramos Managing Director mailto:manuel.ramos@credit-suisse.com Grupo Financiero Credit Suisse (México) S.A. de C.V. Paseo de la Reforma No. 115, 27th floor Lomas de Chapultepec, 11000. México D.F.
Mexico
Credit Suisse Mexico is located in Mexico City.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
P-GI - Other Sector Fund
Total: $22.50 million
22500000.00
22500000.00
Credit Suisse Opportunity Trust II
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36395/credit-suisse-mexico-credit-opportunities-trust-ii
Development Results
Development Result Description
Indicator
CORE - E and S Management Systems (Y/N)
Compliance/Enhancement
(i) The project will facilitate the deepening and strengthening of Mexican local capital markets by aiding in the mobilization of investment from Afores for the benefit of local corporates and SMEs. (ii) The project will increase access to long- term finance for the underserved local mid-sized corporates in Mexico. Vehicles like these offer alternative sources of financing to mid-cap firms especially, which may not be able to get access to funding readily from local financial institutions. (iii) The Trust is the second debt-oriented CKD in Mexico and IFC''s continued to support will further raise awareness of this asset class in Mexico thereby providing positive demonstration effect, potentially to additional investment in the sector. (iv) There is a potential for replication of this project by others in Mexico, and in other regional markets facing similar capital market challenges.
(i) The project will facilitate the deepening and strengthening of Mexican local capital markets by aiding in the mobilization of investment from Afores for the benefit of local corporates and SMEs. (ii) The project will increase access to long- term finance for the underserved local mid-sized corporates in Mexico. Vehicles like these offer alternative sources of financing to mid-cap firms especially, which may not be able to get access to funding readily from local financial institutions. (iii) The Trust is the second debt-oriented CKD in Mexico and IFC''s continued to support will further raise awareness of this asset class in Mexico thereby providing positive demonstration effect, potentially to additional investment in the sector. (iv) There is a potential for replication of this project by others in Mexico, and in other regional markets facing similar capital market challenges.
XM-DAC-903-SII-36410
International Finance Corporation
Progresemos IV
The project is to extend a Mexican Peso (MXN) line of credit to continue supporting the loan portfolio growth in Financiamiento Progresemos, S.A. de C.V., SOFOM, E.N.R. (Progresemos or the Company). The proposed project will reach women micro-entrepreneurs in frontier regions and will (i) enhance micro lending competitiveness of the private sector; (ii) help deepening the financial sector since a high portion of the sub-borrowers served are outside the formal financial sector; and (iii) encourage a sustainable social and environmental development.
- Increase Access to Finance: Progresemos provides financial services to low income segments of the Mexican population living in rural areas with limited or null credit opportunities. Moreover it will contribute to build up a credit culture amongst this low-income population; and - Greater Commitment to Creating Opportunities to Disadvantages Groups: The Project will support productive SMEs and low-income micro entrepreneurs which consequently will positively impact employment and income generation in the frontier regions where Progresemos operates.
FINANCIAMIENTO PROGRESEMOS SA DE CV SOFOM ENR
Roberto Flores Athie, COO Carretera Picacho-Ajusco 130, Desp. 203, Col. Jardines en la Montaña, C.P. 14210 Mexico D.F. Mexico Telephone: + 52 (55) 55752009
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Progresemos is headquartered in Mexico City. Through its delivery channels, the Company has presence in 31 Mexican states and Mexico City and 1,156 municipalities focused on Mexicos rural and least developed regions; such as Oaxaca, Veracruz and Chiapas, which have populations that are among the lowest in economic strata in Mexico, and with high potential for microlending to small entrepreneurs.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $11.74 million
11740000.00
11740000.00
FINANCIAMIENTO PROGRESEMOS SA DE CV SOFOM ENR
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36410/progresemos-iv
XM-DAC-903-SII-36529
International Finance Corporation
CPLF PuertasFin
Holding Montealban, S.A. de C.V. (Puertas Finas or the Company) is a leading company in the production of doors, contract woodwork, plywood, kitchens, and furniture in Mexico. The Company has production facilities in various parts of Mexico and its headquarters are located in Oaxaca. The project will enable Puertas Finas to: (i) install solar panels, (ii) change its varnishing system; and (iii) replace older or obsolete equipment with more energy efficient models in two of its plants located Oaxaca and Guerrero.
1. Demonstration effect: IFC will help Puertas Finas lead the way demonstrating to other manufacturing companies in the regions where the Company operates, that implementing clean technologies does reduce costs for a positive cost-benefit proposition. 2. Climate change: Installing solar panels, replacing equipment with more efficient models, and changing the varnishing system is expected to reduce energy consumption and contribute to climate change mitigation (reduced greenhouse gas (GHG) emissions which will be qualified through project assessment
PUERTAS FINAS DE MADERA MONTEALBAN, S.A. DE C.V.
Josefina López Robles Tel. +52 (951) 5176938 mailto:josefinarobles@pmontealban.com.mx Carlos Blanco Tel. +52 (951) 5176938 mailto:carlosblanco@pmontealban.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Surcos Lagos SN San Francisco Tutla Santa Lucia del Camino, Oaxaca C.P. 71228
Mexico
The Projects investments will be made at Puertas Finas production facilities in Guerrero (Zihuatanejo) and Oaxaca (Oaxaca), Mexico. Both sites have full access to the necessary utilities, roads, and permits.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
M-FB - Solid Wood Products (VAP)
Total: $125.00 million
125000000.00
125000000.00
PUERTAS FINAS DE MADERA MONTEALBAN, S.A. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36529/cplf-puertasfin
XM-DAC-903-SII-37179
International Finance Corporation
Citla Energy
IFC is looking to make an investment in Citla Energy S.A.P.I de C.V. (Citla or the Company), a newly formed Mexican independent exploration and production company. With offices in Mexico City and Houston, Texas, the Company is actively participating in the opening of the Mexico oil and gas sector, where it seeks to build a balanced portfolio of selected onshore and offshore assets, both independently and in partnership with other industry participants. Citla represents a unique opportunity for IFC to take on an early mover role and providing strategic financing for long-term investments that are critically needed in the sector.
The Project will help promote the development of the oil and gas sector in Mexico in a critical moment for the success of the reforms and will support the Government of Mexico''s target to increase oil production to 3.5mmboe/d by 2025 from 2.4mmboe/d in 2014. The project supports the development of local companies in areas that are of lesser importance to large oil companies to maximize development of the country''s resources and to develop local expertise. By opening up new hydrocarbon discoveries in the region, the project will hopefully provide a platform which paves the way for a broader participation of local companies, thereby triggering economic stimulus for the country. This will eventually bring substantial revenues to the government through royalties and profit taxes and direct and indirect local employment and training.
CITLA ENERGY, S.A.P.I. DE C.V.
Alberto Galvis Citla Energy Bosques de Alisos 47 A, 2do piso Col. Bosques de las Lomas Del. Cuajimalpa Mexico, DF CP. 05120 +52(55) 68195570 mailto:agalvis@citlaenergy.com http://www.citlaenergy.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Citla will seek to build a portfolio of oil and gas assets in Mexico through bidding awards, acquisitions, farm-outs and partnerships with other operators. The projects location will depend on which assets Citla decides to acquire.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
B-AB - Oil and Gas Production (Includes Development)
Total: $60.00 million
60000000.00
60000000.00
CITLA ENERGY, S.A.P.I. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37179/citla-energy
XM-DAC-903-SII-37284
International Finance Corporation
CAMESA PCG II
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.P. (CAMESA or the Company) is an existing IFC Client that provides micro loans to over 360,000 active borrowers. CAMESA provides financing at the Bottom of the Pyramid (BOP) for the C and D socio-economic segments of the population. Through the proposed project, IFC will provide a Partial Credit Guarantee (PCG) of up to 50% of the amount of two bonds to be issued by CAMESA, to support the Companys long-term issuance program and further strengthen its name in the local capital markets. In addition, since the bonds will be paying a variable interest rate to the bondholders, the proposed project also entails IFC providing interest rate swaps, from variable into fixed rate, to hedge the interest rate risk exposure.
1. Access to finance for micro entrepreneurs: The Project will support the availability and growth of finance to micro entrepreneurs in Mexico, particularly in high density sub-urban areas and mainly for women entrepreneurs in the C and D segments of the socio-economic population. 2. Development of the corporate debt capital markets: IFC''s PCGs support the development of the local corporate debt capital markets. In Mexico, the local capital markets still remain illiquid and difficult to access by corporate bond issuers except the largest and more established ones.
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.
Federico Manzano Lopez General Manager of CAME Group and CAMESAs Board Member Consejo de Asistencia al Microemprendedor S.A. de C.V, S.F.P. Telephone: +52 55 53 403070 ext. 124 E-mail: mailto:fmanzano@came.org.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
CAMESA is headquartered in Mexico City, where the management team is based. CAMESA operates through its 229 branches in 30 Mexican states focused on high density sub-urban areas where financial access is low.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $12.66 million
760000.00
11900000.00
760000.00
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.
11900000.00
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37284/camesa-pcg-ii
XM-DAC-903-SII-37826
International Finance Corporation
Bioparques 3
Bioparques de Occidente, S.A. de C.V. (Bioparques or the Company), a tomato producer is undertaking a $15.5 million investment program to add 50 hectares of hydroponic greenhouses to its existing greenhouses in the state of Jalisco, Mexico. The investment includes acquisition of greenhouses and irrigation equipment, construction of housing facilities for its workers and land acquisition. This project is IFCs third transaction with Bioparques and builds on a partnership begun in 2008, when IFC provided a $12 million loan to the Company.
The investment will support the growth of a competitive tomato producer in Mexico through: (i) Cost reduction through higher utilization of capacity and economies of scale; (ii) Higher prices thanks to the ability to serve long term contracts with US buyers; (iii) Assist the company in sponsoring permanent housing for its workers; (iv) Assist the company in continuing its institutionalization process which is expected to be beneficial for Bioparques to access better financing and insurance terms.
Bioparques de Occidente, S.A. de C.V.
Mario Rosales Email: mailto:mariorosales@kaliroy.com Telephone: 00 52 1 667 751 0685
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Presidencia Municipal, San Gabriel, Jalisco.Calle Manuel C. Michel No. 13, San Gabriel, Jalisco. CP 49700
Mexico
Bioparques is located in the municipality of San Gabriel in the state of Jalisco. The expansion project will be located next to the existing site which is predominantly rural and about 140 km from the city of Guadalajara.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
A-AF - Fruits and Vegetables
Total: $10.00 million
10000000.00
10000000.00
Bioparques de Occidente, S.A. de C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37826/bioparques-3
XM-DAC-903-SII-37840
International Finance Corporation
Cemex Green
IFC is considering an A loan of up to U.S.$120 million with an additional blended finance tranche of up to U.S.$50 million, to support CEMEX, S.A.B. de C.V.s (CEMEX or the Company) sustainable investment program in emerging markets. CEMEX is a global building materials company that operates in more than 50 countries throughout the Americas, Europe, Africa, the Middle East, and Asia. As of December 31, 2015, CEMEX had 43,117 employees, 56 cement plants and an additional 12 cement plants in which CEMEX has a minority participation, 1,608 ready-mix-concrete facilities, 305 aggregate quarries, 242 distribution centers and 61 marine terminals, as well as 2 research and development centers. IFC financing will support projects to enhance improvements in environmental performance at CEMEXs operations, with more than two thirds of the funds allocated to projects aimed at the Companys greenhouse gas (GHG) emissions reduction. The remaining one third of the funds will cover overall air emission control improvements.
Environmental impact: The investment will help CEMEX achieve its 2020 Sustainability Environmental Target to "Enable a Low Carbon and Resource-Efficient Industry" by supporting (i) high energy efficiency projects, (ii) research to reduce CO2 footprint and further improve energy efficiency, and (iii) the control and reduction of particulate matter released to the atmosphere. Climate Change: CEMEX is committed to invest at least 60% of IFC funds toward Climate Smart Projects. Such investments are expected to help the Company reduce energy consumption and GHG emissions from its operations. IFC will monitor, as applicable, (i) dust emissions, (ii) the amount invested in Climate Smart Projects, (iii) the energy purchased from renewable energy sources as well as (iv) the amount of energy saved and CO2 mitigated. Renewable Energy: IFC''s investment will support the Ventika wind farm project which was developed by CEMEX and other parties and in which CEMEX owns 5% of the share capital as of December 31, 2015. Demonstration Effect: CEMEX''s extensive programs in pollution control, wind farm and Research & Development in an effort to reduce its GHG emissions is expected to have a strong demonstration effect in an industry known to have significant impact on the environment. The proposed investment could be used as a model and be replicated with other regional or global cement leaders.
CEMEX, S.A.B. DE C.V
Contact Person: Maria Cristina Aparicio Maeztu Company Name: CEMEX Address: Hernández de Tejada, 1 28027. Madrid, Spain Email: mailto:cristina.aparicio@cemex.com Phone: +34913779480 Facsimile: +34913779529
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Contact Person: Maria Cristina Aparicio Maeztu Company Name: CEMEX Address: Hernández de Tejada, 1 28027. Madrid, Spain Email: mailto:cristina.aparicio@cemex.com Phone: +34913779480 Facsimile: +34913779529
Mexico
CEMEXs headquarters are located in Monterrey, Nuevo Leon, Mexico but the investment will be allocated for projects throughout the Companys operations in emerging markets.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
H-AA - Cement
Total: $120.00 million
120000000.00
120000000.00
CEMEX, S.A.B. DE C.V
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37840/cemex-green
XM-DAC-903-SII-38101
International Finance Corporation
Vector Mezzanine Mexico Uno
The proposed project would involve supporting Vector Partners S.C. (the Facility Manager or VP) in raising and structuring a Mezzanine Debt Facility (the Facility or Project) in the form of a co-lending agreement among Mexican and international institutional investors to provide much needed and scarce long term financing to Mexican mid-size companies. As part of IFCs Capital Market Development Strategy, the Project has the potential to enhance the development of the local debt capital market in Mexico by channeling capital flows from local and international institutional investors into a nascent credit asset class, such as mezzanine debt, for the benefit of mid-size companies. The Facility will provide long term mezzanine financing to mid-size Mexican companies. The project is expected to increase the access to long term finance to mid-size companies while developing a new investable asset class in the local capital market.
This project is expected to have the following developmental impact: 1. Access to finance: Increase access to finance for underserved local middle size companies in Mexico. 2. Capital market development: The project will support the development of the Mexican local capital markets by aiding in the mobilization of investment from institutional investors for the benefit of middle size companies.
MEZZANINE MEXICO UNO, S.A.P.I. DE C.V., SOFOM, E.N.R.
Pablo Taberna Albea Mezzanine Facility Director Vector Partners, S.C Ave. Roble #565 ote. Col. Valle del Campestre Garza García, N.L. Telephone: +52 (81) 8318 3670 mailto:ptaberna@vector.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Vector Partners S.C. is headquartered in Monterrey, Mexico. The Facility will provide mezzanine financing to mid-size Mexican companies in different geographic and economic sectors across the country.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-ID - Capital Markets Financing Company (Including Investment Banking)
Total: $22.65 million
22650000.00
22650000.00
MEZZANINE MEXICO UNO, S.A.P.I. DE C.V., SOFOM, E.N.R.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38101/vector-mezzanine-mexico-uno
XM-DAC-903-SII-38366
International Finance Corporation
CalidraArgentina
The Project consists of Grupo Calidras (Calidra or the Company) investment plan to enter the Argentine market. Calidra will invest in CEFAS S.A., an important player in lime production in Argentina and realize subsequent investments for capacity expansion and operational improvements. This in turn will enable Calidra to enter the Chilean market via exports.
The following development impacts are expected to be achieved: (i) Increased competition; (ii) Sustainability; (iii) Increased productivity of local players; (iv) Efficiency in costs; and (v) Raising environmental, health, and safety standards.
Grupo Calidra, S.A. de C.V.
Grupo Calidra, S.A. de C.V. Vasco de Quiroga 1800 Col. Lomas Santa Fe C.P. 01210 México, D.F. Mexico Attention: Alfredo Riefkhol, Chairman of the Board Enrique Fierro, Chief Executive Officer (Latam) Roberto Amorós, Director of Sustainable Development Jorge Guillermo Bautista, Chief Executive Officer (Mexico) Alejandro Hollander, Chief financial Officer
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
In Mexico: Grupo Calidra, S.A. de C.V. Vasco de Quiroga 1800 Col. Lomas Santa Fe C.P. 01210 México, D.F. Mexico Ph. +52 1 55 52591190 Attention: Alfredo Riefkhol, Chairman of the Board Enrique Fierro, Chief Executive Officer (Latam) Roberto Amorós, Director of Sustainable Development Jorge Guillermo Bautista, Chief Executive Officer (Mexico) Alejandro Hollander, Chief financial Officer In Argentina: Health, Safety & Environment Corporate Contact Person: Juan Pablo Farina Company Name: Cefas SA Email: mailto:jfarina@cefas.com.ar Phone: +54 9 261 5419847 Quilpo Contact Person: Mariano Audisio Company Name: Cefas SA Address: Escuela Comunidad Quilpo (located within the property of the company) Email: mailto:maudisio@cefas.com.ar Phone: +54 9 3549 472 761 Padre Bueno Contact Person: Fernando Gallo Company Name: Cefas SA Address: Hospital Los Berros, ruta 319 s/n Los Berros, Sarmiento, San Juan Escuela Divisadero, ruta 153 s/n Divisadero, Sarmiento, San Juan Escuela Cienaguita, Ruta 153 s/n Cienaguita, Sarmiento, San Juan Email: mailto:fgallo@cefas.com.ar Phone: +54 9 264 6625047 Olavarria Contact Person: Roque Terrasanta Company Name: Cefas SA Address: Delegación Municipal Loma Negra 54 2284 493000 Centro de Salud Comunitario de Paraje La Providencia Email: mailto:rterrasanta@cefas.com.ar Phone: +54 9 2284 66 8481 Zapala Contact Person: Héctor Acevedo Company Name: Cefas SA Address: Centro Integrador Comunitario Caleuche (02942) 421962 P. Moreno s/n - Bo.Antena - Mz.26 - Zapala Email: mailto:hacevedo@cefas.com.ar Phone: +54 9 2942 40 2914 .
Mexico
The capital expenses related to the Project will be implemented in Argentina. Specific capital investments will be realized at several of the existing production facilities of CEFAS S.A.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
B-CA - Miscellaneous and Industrial Ores (Including Magnesite, Fluorite, Sulfur, Soda Ash, Clays, Gypsum, Lime, Peat, Boron, Diatomite, Feldspar, etc.)
Total: $31.43 million
31430000.00
31430000.00
Grupo Calidra, S.A. de C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38366/calidraargentina
Development Results
Development Result Description
Indicator
Direct Employment (#) - Operations and Maintenance
Employment (#)
The following development impacts are expected to be achieved: (i) Increased competition; (ii) Sustainability; (iii) Increased productivity of local players; (iv) Efficiency in costs; and (v) Raising environmental, health, and safety standards.
The following development impacts are expected to be achieved: (i) Increased competition; (ii) Sustainability; (iii) Increased productivity of local players; (iv) Efficiency in costs; and (v) Raising environmental, health, and safety standards.
Indicator
Female Direct Employment (#) - Operations and Maintenance
Female Employment (#)
The following development impacts are expected to be achieved: (i) Increased competition; (ii) Sustainability; (iii) Increased productivity of local players; (iv) Efficiency in costs; and (v) Raising environmental, health, and safety standards.
The following development impacts are expected to be achieved: (i) Increased competition; (ii) Sustainability; (iii) Increased productivity of local players; (iv) Efficiency in costs; and (v) Raising environmental, health, and safety standards.
XM-DAC-903-SII-38374
International Finance Corporation
Vinte-NuEDGE
Founded in 2001, Vinte Viviendas Integrales S.A.P.I. de C.V., (Vinte or the Company) has become a strong performing homebuilder company focused on affordable entry-level and middle-income housing in Mexico. Vinte is conservatively managed, has a solid reputation, a sound track record and it has played an active role in the development of Mexicos homebuilding sector. Vinte''s strategy is to differentiate itself from other housing developers by offering functional and attractively designed homes, community infrastructure not easily available in this segment, and good location within or very close to urban centers. Vinte is a holding company that consolidates six operating subsidiaries: (i) Promotora de Viviendas Integrales, engaged in the promotion of the developments; (ii) Urbanizaciones Inmobiliarias del Centro, engaged in research and development of housing, including technological, environmental, and design aspects; (iii) Edificaciones e Ingenieria del Centro, engaged in urbanization, design and construction activities; (iv) Conectividad para el Habitat, engaged in the distribution of computers, internet, and related services; (v) Vinte Administracion, Diseño y Consultoria, engaged in human resources management; and (vi) Comercializadora de Equipamientos y Mobiliarios para la Vivienda, engaged in the sale of home equipment such as floors, closets, furnitures and solar panels. Vintes operations include land acquisition, house design and housing development planning, construction, and sales. Vinte offers several housing products within the affordable entry-level and middle income segments. Most of Vintes sales are concentrated in the middle-income segment. The purpose of the project is to finance the construction of 2,000 Excellence in Design for Greater Efficiencies (EDGE) homes in middle to low income housing developments in Mexico during the next five years. This Project will address a long-standing housing shortage in Mexico by providing good quality affordable housing in rapidly urbanizing areas of the country.
a. Increase green-housing supply: The Project will not only help to reduce the current housing deficit but will provide green-housing to its consumers, which is expected to carry financial benefits to its tenants through savings achieved from lower utilities costs. It is also expected to have a strong demonstration effect on the financial feasibility of building homes under green standards throughout Mexico. The project will also lead to a 30 percent reduction in CO2 emissions. b. Formation of equity value for home owners: The homes built by the Project will result in increased home prices over time, and this accrues to the benefit of home owners (i.e., on average Vinte''s homes appreciates by 6 percent annually). c. Job creation: This Project will create 1,491 direct jobs both during construction and operation of the housing communities. d. Linkages: The Project will increase demand for construction and building materials in the country. Once the construction is completed, the housing units will stimulate the use of local supplies of goods and services, supporting maintenance, retailing and wholesaling operations. e. Community Development: The housing developments built by the Project will contribute to urban infrastructure and surrounding community development, such as roads, electricity, water access, sanitation, etc.
Promotora de Viviendas Integrales, S.A. de C.V.
Alfredo Nava Finanzas Paseo de la Reforma 350 Piso 11 Col. Juárez 06600, México D.F., México T +52 55 9171-1528 E mailto:alfredo.nava@vinte.com W http://www.vinte.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Alfredo Nava Finanzas Paseo de la Reforma 350 Piso 11 Col. Juárez 06600, México D.F., México T +52 55 9171-1528 E mailto:alfredo.nava@vinte.com W http://www.vinte.com.mx
Mexico
IFC financing will be directed to finance the construction of 2,000 EDGE homes close to urban centers in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
D-AA - Construction and Real Estate
Total: $18.62 million
18620000.00
18620000.00
Promotora de Viviendas Integrales, S.A. de C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38374/vintenuedge
Development Results
Development Result Description
Indicator
Residential Units - (#)
Residential Units - (#)
a. Increase green-housing supply: The Project will not only help to reduce the current housing deficit but will provide green-housing to its consumers, which is expected to carry financial benefits to its tenants through savings achieved from lower utilities costs. It is also expected to have a strong demonstration effect on the financial feasibility of building homes under green standards throughout Mexico. The project will also lead to a 30 percent reduction in CO2 emissions. b. Formation of equity value for home owners: The homes built by the Project will result in increased home prices over time, and this accrues to the benefit of home owners (i.e., on average Vinte''s homes appreciates by 6 percent annually). c. Job creation: This Project will create 1,491 direct jobs both during construction and operation of the housing communities. d. Linkages: The Project will increase demand for construction and building materials in the country. Once the construction is completed, the housing units will stimulate the use of local supplies of goods and services, supporting maintenance, retailing and wholesaling operations. e. Community Development: The housing developments built by the Project will contribute to urban infrastructure and surrounding community development, such as roads, electricity, water access, sanitation, etc.
a. Increase green-housing supply: The Project will not only help to reduce the current housing deficit but will provide green-housing to its consumers, which is expected to carry financial benefits to its tenants through savings achieved from lower utilities costs. It is also expected to have a strong demonstration effect on the financial feasibility of building homes under green standards throughout Mexico. The project will also lead to a 30 percent reduction in CO2 emissions. b. Formation of equity value for home owners: The homes built by the Project will result in increased home prices over time, and this accrues to the benefit of home owners (i.e., on average Vinte''s homes appreciates by 6 percent annually). c. Job creation: This Project will create 1,491 direct jobs both during construction and operation of the housing communities. d. Linkages: The Project will increase demand for construction and building materials in the country. Once the construction is completed, the housing units will stimulate the use of local supplies of goods and services, supporting maintenance, retailing and wholesaling operations. e. Community Development: The housing developments built by the Project will contribute to urban infrastructure and surrounding community development, such as roads, electricity, water access, sanitation, etc.
Indicator
Organizational capacity and Management Programs(%)
Organizational capacity and Management Programs(%)
a. Increase green-housing supply: The Project will not only help to reduce the current housing deficit but will provide green-housing to its consumers, which is expected to carry financial benefits to its tenants through savings achieved from lower utilities costs. It is also expected to have a strong demonstration effect on the financial feasibility of building homes under green standards throughout Mexico. The project will also lead to a 30 percent reduction in CO2 emissions. b. Formation of equity value for home owners: The homes built by the Project will result in increased home prices over time, and this accrues to the benefit of home owners (i.e., on average Vinte''s homes appreciates by 6 percent annually). c. Job creation: This Project will create 1,491 direct jobs both during construction and operation of the housing communities. d. Linkages: The Project will increase demand for construction and building materials in the country. Once the construction is completed, the housing units will stimulate the use of local supplies of goods and services, supporting maintenance, retailing and wholesaling operations. e. Community Development: The housing developments built by the Project will contribute to urban infrastructure and surrounding community development, such as roads, electricity, water access, sanitation, etc.
a. Increase green-housing supply: The Project will not only help to reduce the current housing deficit but will provide green-housing to its consumers, which is expected to carry financial benefits to its tenants through savings achieved from lower utilities costs. It is also expected to have a strong demonstration effect on the financial feasibility of building homes under green standards throughout Mexico. The project will also lead to a 30 percent reduction in CO2 emissions. b. Formation of equity value for home owners: The homes built by the Project will result in increased home prices over time, and this accrues to the benefit of home owners (i.e., on average Vinte''s homes appreciates by 6 percent annually). c. Job creation: This Project will create 1,491 direct jobs both during construction and operation of the housing communities. d. Linkages: The Project will increase demand for construction and building materials in the country. Once the construction is completed, the housing units will stimulate the use of local supplies of goods and services, supporting maintenance, retailing and wholesaling operations. e. Community Development: The housing developments built by the Project will contribute to urban infrastructure and surrounding community development, such as roads, electricity, water access, sanitation, etc.
Indicator
Occupational Health and Safety(%)
Occupational Health and Safety(%)
a. Increase green-housing supply: The Project will not only help to reduce the current housing deficit but will provide green-housing to its consumers, which is expected to carry financial benefits to its tenants through savings achieved from lower utilities costs. It is also expected to have a strong demonstration effect on the financial feasibility of building homes under green standards throughout Mexico. The project will also lead to a 30 percent reduction in CO2 emissions. b. Formation of equity value for home owners: The homes built by the Project will result in increased home prices over time, and this accrues to the benefit of home owners (i.e., on average Vinte''s homes appreciates by 6 percent annually). c. Job creation: This Project will create 1,491 direct jobs both during construction and operation of the housing communities. d. Linkages: The Project will increase demand for construction and building materials in the country. Once the construction is completed, the housing units will stimulate the use of local supplies of goods and services, supporting maintenance, retailing and wholesaling operations. e. Community Development: The housing developments built by the Project will contribute to urban infrastructure and surrounding community development, such as roads, electricity, water access, sanitation, etc.
a. Increase green-housing supply: The Project will not only help to reduce the current housing deficit but will provide green-housing to its consumers, which is expected to carry financial benefits to its tenants through savings achieved from lower utilities costs. It is also expected to have a strong demonstration effect on the financial feasibility of building homes under green standards throughout Mexico. The project will also lead to a 30 percent reduction in CO2 emissions. b. Formation of equity value for home owners: The homes built by the Project will result in increased home prices over time, and this accrues to the benefit of home owners (i.e., on average Vinte''s homes appreciates by 6 percent annually). c. Job creation: This Project will create 1,491 direct jobs both during construction and operation of the housing communities. d. Linkages: The Project will increase demand for construction and building materials in the country. Once the construction is completed, the housing units will stimulate the use of local supplies of goods and services, supporting maintenance, retailing and wholesaling operations. e. Community Development: The housing developments built by the Project will contribute to urban infrastructure and surrounding community development, such as roads, electricity, water access, sanitation, etc.
XM-DAC-903-SII-38474
International Finance Corporation
WaveCatcher
The Mexican Secretariat of Communications and Transportation (the SCT) has conducted an international public tender process for a project, which consists of the design, construction and operation of a nationwide independent broadband wholesale network to service MNOs, MVNOs and mobile services providers for a period of 20 years, extendable for another 20 years. The winning bidder of this tender is granted exclusive rights to exploit 2 x 45 MHz of unencumbered contiguous spectrum in the 700 MHz frequency band for the creation of the network. (the Project). IFC is participating in the Project as part of Altán SAPI de CV (Altán or the Company), which submitted its complete bid package to the SCT on October 20 th , 2016. On November 17 th , 2016, Altán was awarded the project as a result of the international public tender process. As a condition of the tender award, Altán has committed to making its network available to at least 92.2% of the population, including areas where services are currently not available, within the first seven years following the signing of the Public-Private-Partnership agreement.
i. Economic growth and poverty reduction: Broadband contributes towards improving sector productivity and has a transformative effect on economic and social development. The contribution of broadband connectivity to economic growth as an enable to other innovative business models (ex. e-health, e-commerce, e-education, etc.) is widely known. The World Bank Group's "Information and Communications for Development report" 2009 sites a 1.4% increase in economic growth for each 10% increase in broadband penetration.
ii. Develop a Strategic Project to Enhance the Competitive Environment: The project is the centerpiece of Government's initiatives to foster competition and innovation in the telecom sector as included in the latest constitutional reform. The Project directly contributes to enhancing the competitive landscape in the country by providing wholesale network which will be available on an open access basis to services providers under non-discriminatory conditions.
iii. Demonstration Effect: the Project, the first of its kind, is also expected to set a precedent in the industry in terms of sharing strategic backbone infrastructure.
iv. Additional Positive Externalities: The Project is expected to generate significant direct and indirect employment opportunities during construction and operation, as well as incremental tax income for the Government.
NORIEGA Y ESCOBEDO, A.C.
Joaquín Coronado CEO +52 (1) 55.8852.6600 www.altanredes.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } www.consorcioaltan.com/en
Mexico
The Project is located in the United Mexican States.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
N-AD - Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.)
Total: $40.00 million
40000000.00
40000000.00
NORIEGA Y ESCOBEDO, A.C.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38474/wavecatcher
XM-DAC-903-SII-38754
International Finance Corporation
Proteak Exp
IFC is providing a loan to Proteak Uno S.A.B. de C.V. (Proteak), a forestry company in Mexico. The investment proceeds will be used for Proteaks investment program which consists of expanding its eucalyptus planted area, the replanting of existing plantations, working capital financing and debt refinancing.
The Project will support the development of Mexico''s forestry supply chain addressing the country''s deficit in wood fiber in a cost effective manner. By supplying domestic eucalyptus to a MDF plant that will substitute imports, the Project will reduce carbon emissions and costs associated with transport of wood from abroad and provide much needed rural development in Mexico. The Project will support the expansion of certified forests, helping with the reforestation of degraded areas and contributing to reduction of carbon emissions through carbon sequestration.
PROTEAK UNO, S.A.B. DE C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Gaston Mauvezin, CEO Av. Paseo de la Reforma 725, Lomas de Chapultepec, C.P. 11000, Miguel Hidalgo, Ciudad de Mexico Phone: (52 55) 62351504 gm@proteak.com http://www.proteak.com
Mexico
Proteak is based in Mexico and has subsidiaries in Costa Rica and Colombia. The expansion of the Company includes rural areas in the states of Veracruz, Tabasco and Chiapas in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
A-DB - Plantation Forests
Total: $37.00 million
37000000.00
37000000.00
PROTEAK UNO, S.A.B. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38754/proteak-exp
XM-DAC-903-SII-37803
International Finance Corporation
Norson II Project
Norson Holdings, S. de R.L. de C.V. (Norson or the Company), an existing IFC client, is one of the largest integrated pork producers and processors in Mexico. Norson is a good portfolio client with a key global strategic partner (Smithfield) which plays an active role in the Companys operations. The project will expand and upgrade operations of Norson. The project includes (i) expanding Norson's production capacity, (ii) developing the required new farms for capacity expansion and adapting some of the existing facilities, (iii) increasing slaughtering capacity at the processing plant, (iv) increasing its feed mill capacity; and (v) installing plastic liners at the waste lagoons.
(i) Reorganizing and increasing the Company's production system and debottlenecking pig production to improve biosecurity, animal welfare, management of sanitary conditions, and labor efficiency.
(ii) Increasing land productivity. The lands for developing the new farms are currently sub utilized or not developed. The new facilities will be a sustainable and financially sound way to procure a correct use of natural resources.
(iii) Employment generation primarily in rural areas and for women (currently 44% of its total workforce).
(iv) Increasing the availability of pork meat and value added products in the local and international markets.
Norson Holding, S. de R.L. de C.V.
Norson Holding, S. de R.L. de C.V. Ariel Alberto Amavizca Gutierrez CFO +52 (662) 259 5800 aamavizca@norson.net Calle de la Plata S/N, Parque Industrial
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
NA
Mexico
The project's capital investments will be made at Norson's production facilities located in the state of Sonora, Mexico, primarily in and around the city of Hermosillo. All project sites have the necessary utilities, road access, and permits.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
A-BD - Other Animal Production
Total: $14.01 million
14010000.00
14010000.00
Norson Holding, S. de R.L. de C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37803/norson-ii-project
XM-DAC-903-SII-38960
International Finance Corporation
Contigo I Project
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The project is to extend a Mexican Peso (MXN) line of credit to continue supporting the loan portfolio growth in CEGE Capital S.A.P.I. de C.V., SOFOM, E.N.R. (Contigo or the Company). The proposed project will reach women micro-entrepreneurs in Mexico and will enhance micro lending competitiveness of the private sector and help deepening the financial sector since a high portion of the sub-borrowers served are outside the formal financial sector.
Increase access to finance: Contigo provides financial services to low income segments of the Mexican population living in sub-urban and rural areas with limited credit opportunities. The Project will support the availability and growth of financing to this underserved segment.
Promote Competition: Mexico has higher lending rates for the microfinance space compared to other regions. This project will foster competition.
CEGE CAPITAL SAPI DE CV SOFOM ENR
CEGE Capital S.A.P.I. de C.V., SOFOM, E.N.R. Allan Cherem Mizrahi General Director +52 55 4160 2124 acherem@fcontigo.com Carretera Mexico Toluca 2430 piso 3, Lomas de Bezares, 11910 Ciudad de México http://www.fcontigo.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } Contigo is headquartered in Mexico City. The Company is currently operating through 151 branches in 23 Mexican States and a work force of over 2,000 employees. The Company is focused on Mexicos sub-urban and rural areas, which have populations that are among the lowest in economic strata in Mexico, and with high potential for microlending to small entrepreneurs.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $7.19 million
260000.00
6930000.00
260000.00
CEGE CAPITAL SAPI DE CV SOFOM ENR
6930000.00
CEGE CAPITAL SAPI DE CV SOFOM ENR
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38960/contigo-i-project
XM-DAC-903-SII-39749
International Finance Corporation
Konfio B Project
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } Konfio (the Company) is an online lending platform for Micro, Small and Medium Enterprises (MSMEs) in Mexico founded in 2013 to address the lack of credit for the vast creditworthy but underserved entrepreneurial segment in Mexico. Konfio has developed an algorithm to underwrite unsecured working capital loans in a fraction of the time and cost of traditional lenders, at competitive rates but with greater convenience for the customer. IFC is considering a debt and equity investment in Konfio (the Project), which will be used to finance the Companys continued expansion. The Project aligns with IFCs contribution to the WBG goals by addressing gaps to financial services through the use of financial technology (FinTech).
Access to finance for MSMEs in Mexico: Konfio contributes to financial inclusion and economic development in Mexico by empowering MSMEs with better access to working capital. Konfio's target clients seek credit online because they cannot afford to take time off from their business to go to the bank for a loan. With its proprietary credit assessment methodology, Konfio can make financing faster, more affordable and convenient for MSMEs who remain vastly underserved by the formal bank credit market which has very restrictive lending policies for this sector.
Konfio Limited
IFC Alicia Ferrer Senior Investment Officer +52 55 3098 0157 aferrer1@ifc.org Torre Reforma, Paseo de la Reforma 483, Piso 18, Col. Cuauhemoc C.P. 06500 Ciudad de Mexico
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
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Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-MF - Virtual lending, P2P, crowdfunding
Total: $3.50 million
3500000.00
3500000.00
Konfio Limited
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39749/konfio-b-project
XM-DAC-903-SII-39740
International Finance Corporation
Fideicomiso Irrevocable F2061 FHipo
The proposed project consists of credit facility through a financing structure with Fideicomiso Hipotecario (Fideicomiso Irrevocable F/2061 FHipo; BMV Ticker: FHIPO) (FHipo). With this financing, FHipo will continue to provide liquidity to mortgage loan originators in Mexico, allowing them to expand the amount of mortgages granted and thus benefiting a greater number of Mexican families.
IFC's support will enable FHipo to expand the scale of its investments, by increasing the amount of residential mortgage portfolios acquired by them. This in turn is expected to have a twofold impact:
i) Residential mortgages originators will be benefited by obtaining access to liquidity and funding diversification to increase their operations, and, consequently, increasing the number of families being able to get mortgage financing; and
ii) Institutional investors will also benefit from the proposed Project, since it will contribute to a wider availability of impact investment opportunities in form of RMBS in the capital markets.
Fideicomiso Irrevocable F2061 FHipo
Concentradora Hipotecaria, as Advisor and Manager of Fideicomiso Irrevocable F/2061 FHipo Daniel Braatz CEO +52 55 4744 1100 db@fhipo.com Juan Salvador Agraz 65 9th Floor, Lomas de Santa Fe, Mexico City, 05300 www.fhipo.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
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Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-EC - Mortgage Services and Other
Total: $103.85 million
103850000.00
103850000.00
Fideicomiso Irrevocable F2061 FHipo
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39740/fideicomiso-irrevocable-f2061-fhipo
XM-DAC-903-SII-40066
International Finance Corporation
Camesa Revolver
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The project aims to provide a flexible financing package to
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.P.
(CAMESA or the Company), an existing IFC client, involving a 3-year Revolving Loan Facility (RLF) for up to MXN180 million (the Project). The proceeds from the Project will be used for on-lending to micro enterprises (MEs) in Mexico.
The proposed project will help increase reach to underserved MEs in Mexico and promote competition in a highly concentrated market
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.P. Federico Manzano Lopez General Manager of CAME Group and CAMESAs Board Member +52 55 53 403070 ext. 124 fmanzano@came.org.mx Avenida Colonia del Valle 615, 2nd floor. Colonia del Valle. Benito Juarez, 03100. Mexico City. MEXICO www.came.org.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
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CAMESA is headquartered in Mexico City, where the management team is based. CAMESA operates through its 241 branches in 30 Mexican states focused on high density sub-urban areas where financial access is low.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $15.38 million
5490000.00
9890000.00
5490000.00
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.
9890000.00
Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40066/camesa-revolver
XM-DAC-903-SII-40144
International Finance Corporation
Genomma Lab
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Founded in 1996, Genomma Lab Internacional S.A.B. de C.V. ("Genomma" or the Company) is a Mexico-based, pharmaceutical company listed in the Mexican Stock Exchange with a presence in 18 countries across Latin America, and in the U.S.. It is focused on the marketing, distribution and sales of over-the-counter (OTC) or non-prescription medicines and personal care products. Genomma uses third-party contract manufacturers to manufacture its products, 90 percent of which are manufactured in Mexico).
The purpose of IFCs proposed financing is to support Genommas approximately US$232 million expansion plan over the next 2 years which includes the construction of Genommas first manufacturing facility in the state of Mexico, debt refinancing, and other capital expenditures (the Project).
- Increased access to quality and affordable of pharmaceuticals and personal care products in the LAC region: The Company's existing distribution network enables Genomma to deliver quality and affordable over-the-counter (OTC) medicines and personal care products to thousands of stores, including mom & pops stores, increasing the availability of medicines to often lower income populations who frequent these stores. With the new manufacturing plant, Genomma will be able increase better control quality and manage its production levels, while lowering its production costs, and thus able to offer more affordable personal care and OTC pharmaceuticals.
- Employment generation and development of SMEs: With the new plant and distribution center Genomma expects to generate over 300 direct new jobs in small communities of the state of Mexico during and after construction phase, including female employment. The Project will also bring indirect employment through the Company's purchases of goods and services. Genomma works with c. 80 direct suppliers and c. 240 indirect SMEs/suppliers
- Free up public health system's resources: OTC medicines are an important cost saving tool for government health spending by reducing the number of visits to a doctor for a prescription and reducing prescription drugs costs. OTC medicines provide consumers safe and effective treatments for commonly occurring conditions, saving the patient time and leaving doctor consultation slots open to those for need these
GENOMMA LAB INTERNACIONAL, S.A.B. DE C.V.
Genomma Lab Internacional S.A.B. de C.V. Mr. Antonio Zamora Galland Chief Financial Officer +52 (55) 5081 0000 antonio.zamora@genommalab.com Antonio Dovalí Jaime No. 70, Torre C, Piso 2, despacho A Corporativo Samara, Col. Santa Fe, C.P. 01210. Del. Alvaro Obregón, México, D.F. www.genommalab.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
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Mr. Antonio Zamora Galland
Chief Financial Officer
Antonio Dovalí Jaime No. 70, Torre C, Piso 2, despacho A Corporativo Samara, Col. Santa Fe, C.P. 01210. Del. Alvaro Obregón, México, D.F.
Telephone: +52 (55) 5081 0000
Email:
antonio.zamora@genommalab.com
www.genommalab.com
Mexico
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The manufacturing to be supported through the Project will be located in San Cayetano de Morelos, Toluca, State of Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
G-FA - Pharmaceuticals and Medicine Manufacturing
Total: $51.42 million
51420000.00
51420000.00
GENOMMA LAB INTERNACIONAL, S.A.B. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40144/genomma-lab
XM-DAC-903-SII-40637
International Finance Corporation
Altum Capital
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The proposed project consists of two senior secured loans for a total of up to MXN 950 million (US$51 million) to: (i) ALTUM CP, S.A.P.I. DE C.V. SOFOM E.N.R. (AltumCP), an existing operating vehicle of the Altum Fund; and (ii) Lynx CP, S.A.P.I de C.V., SOFOM E.N.R. (Lynx), an operating vehicle of ALTUMCK 18, a publicly traded Certificado de Capital de Desarollo (CKD), which will be launched in 2018/2019 (together Altum or the Funds). The Funds are managed by Legorreta Gómez y Asociados, S.R.L. (LG&A or the Fund Manager).
The Project will:
(i) offer alternative sources of long-term financing to non-bank financial institutions NBFIs which will on-lend to MSMEs;
(ii) result in an increase in competitive pressures that affect the market by improving the operating standards of NBFIs;
(iii) promote greater deepening of the local capital market through replicable instruments such as CKDs and private debt funds.
ALTUM CP, S.A.P.I. DE C.V., SOFOM, E.N.R.
Legorreta Gómez y Asociados, S.R.L.. Eduardo Legorreta Institutional Funding Director +52 (55) 6721 0996 elegorreta@altumcapital.com.mx Ciudad de Mexico www.altumcapital.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
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Altums headquarters are located in Mexico City where the management team is based. Additionally, Altum has an office in Monterrey.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-FA - Other Non-Banking Financial Institution (NBFI)
Total: $50.80 million
50800000.00
50800000.00
ALTUM CP, S.A.P.I. DE C.V., SOFOM, E.N.R.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40637/altum-capital
Development Results
Development Result Description
Indicator
CORE - E and S Management Systems (Y/N)
Compliance/Enhancement
The Project will:
(i) offer alternative sources of long-term financing to non-bank financial institutions NBFIs which will on-lend to MSMEs;
(ii) result in an increase in competitive pressures that affect the market by improving the operating standards of NBFIs;
(iii) promote greater deepening of the local capital market through replicable instruments such as CKDs and private debt funds.
The Project will:
(i) offer alternative sources of long-term financing to non-bank financial institutions NBFIs which will on-lend to MSMEs;
(ii) result in an increase in competitive pressures that affect the market by improving the operating standards of NBFIs;
(iii) promote greater deepening of the local capital market through replicable instruments such as CKDs and private debt funds.
XM-DAC-903-SII-40809
International Finance Corporation
Alta Growth Capital, Mexico Fund III, L.P.
The project entails an IFC equity commitment of up to US$15 million, not to exceed 20% of total commitments, in Alta Growth Capital, Mexico Fund III, L.P. (The Fund), a 10-year closed-end generalist fund raising $250 million to make growth equity and buyout investments in 10-12 middle-market companies located in Mexico.
The expected development impact is that Alta will drive growth, expansion and operational efficiencies at investee level because Alta takes significant minority or control stakes in its portfolio companies, and then uses the 5-7 year holding period to add value through: (i) Building strong partnerships with investees through alignment of interest and common values; (ii) Implementing effective management teams and proper incentives; (iii) Driving growth plans by having at least two partners work on each company and implementing initiatives such as the 100 day plan; (iv) Closely monitoring investee performance; (v) Partnering with IFC to institutionalize and bolster (a) international ESG standards; (b) prudent valuation methodologies; and (c) transparent and consistent reporting standards; (vi) Being active at board and committee level; and (vii) Having an active independent advisory board that provides a network of executives for investees, among others. The expected market impact is on competitiveness of the Mexican PE Market Structure and Activity because of IFC's clear role in bolstering competition in Mexico due to the demonstration effect investing in a highcaliber GP like Alta has on PE CKD's and institutional investors.
ALTA GROWTH CAPITAL, MEXICO FUND III, LP
Company Alta Growth Capital Point of Contact Scott McDonough Title Managing Director Telephone Number +55 55 52543280 Email scottm@agcmexico.com Mailing Address Bosques de las LomasMexico. D.F. 11700 Website http://agcmexico.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Fund, an Ontario limited partnership, will operate and invest in Mexico. The General Partner is based out of Delaware and the Investment Advisor is domiciled in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
P-BA - Growth Equity Fund
Total: $30.00 million
30000000.00
30000000.00
ALTA GROWTH CAPITAL, MEXICO FUND III, LP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40809/alta-growth-capital-mexico-fund-iii-l-p
XM-DAC-903-SII-40669
International Finance Corporation
Clinicas del Azucar Expansion 2017
0 0 0 0 0 0 0 0 0.0000 Clínicas del Azúcar (the Company) is a chain of clinics that specialize in the treatment of diabetes and hypertension. The Company offers specialized treatment in a one-stop-shop with access to medical consultations, nutritionists, psychologists, laboratory services, and a retail store. The Company, headquartered in Monterrey, Mexico was founded in 2011 by Javier Lozano. The proposed IFC investment (Project) consists of up to US$4 million in equity for a minority stake to support the Companys expansion plan for the next two years to include approximately ten new clinics in Mexico and the implementation of its digital strategy.
The project outcomes are composed of:
(i) Access to quality and affordable healthcare: On average, each clinic treats hundreds of low and middle-income patients each month, improving their access to specialty care and decreasing chances of developing complications from diabetes and hypertension. More than 10,000 patients have been treated to date. This also reduces the burden of caring for complex cases on the public health providers.
(ii) Specialized Healthcare Training: Mexico has a shortage of doctors or nurses specialized in diabetes care; the Company provides best-in-class training to its doctors, nurses and other health professionals to ensure continued, high-quality service and improved patient outcomes.
The project's contribution to market creation arises from an increase in competitiveness. The project is pioneering a low cost business model that extends access to lower income consumers.
CLINICA DEL AZUCAR, S.A.P.I. DE C.V.
Clinicas del Azucar direccion@clinicasdelazucar.com http://www.clinicasdelazucar.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000
Mexico
The Company principally offers its services in the northeast of Mexico to persons living with diabetes and
hypertension. The Company will use IFCs financing to expand the Companys service to other cities across
Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
S-AB - Medical and Diagnostic Services
Total: $4.00 million
4000000.00
4000000.00
CLINICA DEL AZUCAR, S.A.P.I. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40669/clinicas-del-azucar-expansion-2017
XM-DAC-903-SII-40408
International Finance Corporation
Sabadell Mex
The Project consists in a Senior Secured Loan to SabCapital S.A. de C.V., SOFOM, E.R. (SabCapital or SC) to grow its tourism (hotels) and green buildings portfolios in Mexico. The proposed project will support the entrance of Banco de Sabadell S.A. (Spain) (Sabadell Spain or the Bank), through SC, as a new participant in the Mexican financial system. The loan will be fully guaranteed by Sabadell Spain.
(i) Competitiveness: In the highly concentrated banking system in Mexico, the entrance of Sabadell Spain is expected to help foster higher competition in the corporate banking and project finance space, particularly in tourism (hotels) and green investments.
(ii) Sustainability: The project will contribute on the development of sustainable finance in Mexico, with a special focus on tourism (hotels) and green buildings.
BANCO SABADELL S.A. INSTITUCION DE BANCA MULTIPLE
SabCapital S.A. de C.V., SOFOM, E.R. Lourdes B. Pérez Bustinzar Treasury +52 55 5262 -3211/ -3212 PEREZLOU@bancosabadell.mx Miguel de Cervantes Saavedra no. 233, Piso 5, C.P. 11520, Col. Granada, Del. Miguel Hidalgo, CDMX https://www.sabcapital.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-AA - Commercial Banking - General
Total: $100.00 million
100000000.00
100000000.00
BANCO SABADELL S.A. INSTITUCION DE BANCA MULTIPLE
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40408/sabadell-mex
XM-DAC-903-SII-41306
International Finance Corporation
Progresemos V
0 0 0 0 0 0 0 0 0.0000 The project is to extend a Mexican Peso (MXN) line of credit to continue supporting the loan portfolio growth in Financiamiento Progresemos, S.A. de C.V., SOFOM, ENR (Progresemos or the Company). The proposed p roject fits well into IFCs financial sector strategy for Mexico, and offers IFC the opportunity to continue supporting a high growth and financially sound long-term partner that is successfully engaged in microfinance lending. It is expected to reach women microentrepreneurs in Mexican frontier regions and continue to: ( i ) enhance microlending competitiveness of the private sector; (ii) help deepen the financial sector since a high portion of the clients served, are outside the formal financial sector; and (iii) encourage sustainable social and environmental development.
The most significant expected project-level outcome is an increase in access to finance for micro and SE clients in 1,592 municipalities in 32 Mexican states with 92% of its clients in rural areas by 2020. IFC expects the Project to help Progresemos expand its unique co-financing model and reach an increased number of currently underfunded, Micro and SEs including women entrepreneurs; it expects to reach 450,000 microenterprises, and 1,500 small enterprises while the tripling the outstanding loan portfolio from USD80 million in 2017 to USD245 million in 2022 for micro enterprises and from USD 13.3 million in 2017 to USD 95 million in 2022 for small enterprises. Beyond the Project, IFC anticipates that the Project investment will have the potential to promote greater market inclusiveness via innovation, capacity building, and demonstration and replication channels.
FINANCIAMIENTO PROGRESEMOS SA DE CV SOFOM ENR
Financiamiento Progresemos, S.A. de C.V., SOFOM, ENR Roberto Flores COO + 52 55 5575 2009 ext. 102 rflores@progresemos.net Carretera Picacho Ajusco 130, Despacho 200, Colonia Jardines de la Montaña, 14210, Ciudad de Mexico, Mexico. www.progresemos.net
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Progresemos is headquartered in Mexico City, where the management team is based. As of today, Progresemos
has partnerships with 31 SPs, owns 27 branches and works with 14 payroll agents, having a presence in 32
Mexican states and 1,592 municipalities. The Company is focused on Mexicos sub-urban and rural areas, which
have populations that are among the lowest in economic strata in Mexico, and with high potential for
microlending to small entrepreneurs.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-HA - Microfinance and Small Business - Non Commercial Banking
Total: $12.44 million
12440000.00
12440000.00
FINANCIAMIENTO PROGRESEMOS SA DE CV SOFOM ENR
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41306/progresemos-v
XM-DAC-903-SII-40457
International Finance Corporation
Loan CS MEXCO II
The proposed IFC project (the Project) entails a senior term loan of up to MXN 1,912 million (approximately US$101 million) to be extended to the irrevocable trust agreement number F/179122, which is publicly traded on the Mexican stock market under the symbol CS2CK (the Trust or the Fund or CS Mexico II). The Trust is a debt and equity investment fund managed by Banco Credit Suisse (Mexico), S.A.
The most significant, expected project-level outcome is an increase in access to financial services for underserved mid-cap companies in Mexico. Beyond the Project, IFC anticipates that the investment will promote greater market integration via demonstration and replication channels.
Credit Suisse Opportunity Trust II
Banco Credit Suisse (México), S.A. Manuel Ramos Managing Director +52 55 52838900 manuel.ramos@credit-suisse.com Ciudad de Mexico, Mexico https://www.credit-suisse.com/mx/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Banco Credit Suisse (México), S.A. is domiciled and has its principal offices in Mexico City.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-FA - Other Non-Banking Financial Institution (NBFI)
Total: $102.29 million
102290000.00
102290000.00
Credit Suisse Opportunity Trust II
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40457/loan-cs-mexco-ii
XM-DAC-903-SII-41297
International Finance Corporation
FRV Potrero Solar, S. de R.L. de C.V.
The Project involves the development, construction, operation and maintenance of a 270MWac/297MWp solar photovoltaic (PV) plant in the state of Jalisco in central Mexico, approximately 350km northwest of Mexico City, that will connect to the national grid through a 400kV high voltage transmission line which passes directly through the site (the Project). The Project is expected to be commissioned in 2020 and will sell energy, capacity and clean energy certificates to Mexicos Wholesale Electricity Market on a merchant basis. The Project is being carried out by a special purpose company incorporated in Mexico wholly owned by Fotowatio Renewable Ventures B.V. a global renewable energy developer incorporated in the Netherlands, which owns and operates PV plants worldwide (FRV, the Sponsor).
1. Increasing clean energy production. The Project will contribute an additional 270MWac toward Mexico's stated target of 35% clean energy generation by 2024.
2. Diversifying the energy matrix. The Project will help Mexico unlock its resource rich solar power generation potential, which was less than 1% of the energy mix in the country (2017 statistics).
3. Demonstration Effect. As one of the first large fully merchant solar PV projects to be constructed in the Occidental region, the Project has the potential to serve as a benchmark for future solar PV developments and successful interface with the Wholesale Electricity Market.
PARQUE SOLAR POTRERO, S. DE R.L. DE C.V.
Fotowatio Renewable Ventures Alejandro Limón Structure Finance +52 55 7045 3111 Alfredo.Garcia@frv.com 11560, Polanco V SecciónMiguel Hidalgo, Mexico City www.frv.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Alfr edo.Garcia@frv.com
Mexico
The Project will be developed on leased land with a total area of approximately 900 hectares, privately owned. The site is located in the State of Jalisco about 70km southeast of the city of Aguascalientes, Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
V-BF - Solar - Renewable Energy Generation
Total: $17.00 million
2000000.00
15000000.00
2000000.00
PARQUE SOLAR POTRERO, S. DE R.L. DE C.V.
15000000.00
PARQUE SOLAR POTRERO, S. DE R.L. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41297/frv-potrero-solar-s-de-r-l-de-c-v
XM-DAC-903-SII-39976
International Finance Corporation
DCM CRT Santander
The proposed project (the Project) consists of a Synthetic Risk Transfer (SRT) transaction in which IFC will take up to MXN 2.4 billion of unfunded mezzanine risk exposure towards a MXN 34.3 billion portfolio of SME and mid-sized corporate loans originated by Santander Mexico. The capital relief Santander Mexico obtains from the SRT will enable it to significantly increase its SME lending.
The project will enable Santander Mexico to increase the amount of its SME and mid-market lending. The project will also contribute to creating a market for SRTs in Latin America by promoting integration of the region into the global SRT market through eventual replication of this transaction by others.
RSF Santander Mexico
Santander Mexico Jonas A. Bernes Fentanes Private Debt Mobilization Director +525552578000 jabernes@santander.com.mx Prolongacion Paseo de la Reforma 500, Modulo 107, Alvaro Obregon, Ciudad de Mexico C.P. 01219 www.santander.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Santander Mexicos head office is in Mexico City
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-ID - Capital Markets Financing Company (Including Investment Banking)
Total: $111.66 million
111660000.00
111660000.00
RSF Santander Mexico
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39976/dcm-crt-santander
XM-DAC-903-SII-42036
International Finance Corporation
Siegfried Project
Founded 45 years ago, Siegfried Rhein, S.A. de C.V. (Siegfried or the Company) is a Mexico-based, pharmaceutical company focused on the development, manufacture and sales of generic medicines. Siegfried owns two manufacturing facilities located in Queretaro, Mexico. It is one of the leading domestic pharmaceutical company in Mexico, primarily focused on prescription generics, with a portfolio of 89 products covering the following therapeutic areas: analgesics, antibiotics, cardiovascular, gastrointestinal, womens health, central nervous system, and pediatrics. The Company has one of the largest pharmaceutical sales forces in Mexico and employs more than 1,200 people. The proposed IFCs financing aims to support Siegfrieds expansion plan which includes the acquisition of additional brands, regional expansion in Central America and other expenditures associated with Siegfrieds expansion plan (the Project).
- Increased exports: the Pharmaceutical sector was officially declared as a strategic export sector for the Government of Mexico ("GoM"). Siegfried's growth strategy to expand outside of Mexico is in line with the GoM priorities as it aims at increasing exports and strengthening Mexico's regional competitiveness.
- South-South knowledge transfer: As Siegfried expands its regional footprint, it will bring new products, more stringent operational and quality practices, as well as knowledge and technology transfer to other countries.
- Increased supply of generics: The Project has the potential to increase competitiveness in the pharmaceutical market through the entry and expansion of a generic pharmaceutical manufacturer that will introduce a greater variety of medicine and sell medicine at relatively lower prices than the originator brands. The entry of additional generics companies into markets leads to further price reductions as competitive pressures intensify.
SIEGFRIED RHEIN, S.A. DE C.V.
Siegfried Rhein, S.A. de C.V. Pablo Damian Urueña Director de Administración y Finanzas (52+55)1055-2600 pablo.uruena@siegfried.com.mx Antonio Dovalí Jaime #70, D12, Colonia Santa Fe Del. Álvaro Obregón C.P. 01210 Mexico, Mexico City www.siegfried.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Pablo Damian Urueña Director de Administración y Finanzas Antonio Dovalí Jaime #70, Torre D, Piso12, Colonia Santa Fe Del. Álvaro Obregón C.P. 01210 México, Ciudad de México . Email: pablo.uruena@siegfried.com.mx www.siegfried.com.mx
Mexico
The expenditures to be funded through the Project will be for expansion in Mexico and Central America.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
Health and Education
Total: $75.00 million
75000000.00
75000000.00
SIEGFRIED RHEIN, S.A. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42036/siegfried-project
XM-DAC-903-SII-41041
International Finance Corporation
Perote II Project
FV MEXSOLAR XI, S.A.P.I. DE C.V. (the Company) is developing a 118.9MWp/100MWac greenfield solar photovoltaic (PV) plant in the Municipality of Perote, State of Veracruz, eastern Mexico (Perote II or the Project). The Company proposes to design, build and operate this solar PV plant and onsite substation for interconnection to the national electrical grid on an area of approximately 310 hectares of sparsely populated seasonal farmland. Total project cost is estimated to be US$98 million. IFC is considering providing a senior loan of up to US$10 million from its own account and up to US$15 million acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program, while up to US$25 million would be provided by a third party through a parallel loan.
1. Increasing clean energy production. The Project will contribute an additional 100MWac toward Mexico's stated target of 35% clean energy generation by 2024.
2. Diversifying the energy matrix. The Project will help Mexico unlock its resource rich solar power generation potential, which was less than 1% of the energy mix in the country (2017 statistics) and increase its resilience to shocks by diversifying generation sources.
3. Reduction of Greenhouse Gas (GHG) emissions. The project will allow for a reduction of approximately 126,926 tons.
4. Demonstration Effect. By serving as a benchmark for the financing of hybrid structures with significant exposure to both Qualified Suppliers (those that provide energy and ancillary services to users whose consumption surpasses 1 MW) and to the wholesale market, the proposed investment is opening the way for the creation of a new market that was enabled by the recent energy sector reforms.
5. Job creation and income enhancement in the local community: members of the community reported that the income derived from leasing the lands to the Project will be significantly higher than what could be obtained from agricultural production and that it will help them raise their living standards. In addition, the project is expected to generate over 600 jobs during the construction stage at the site.
FV MEXSOLAR XI, S.A.P.I. DE C.V.
FV MEXSOLAR XI, S.A.P.I. DE C.V Carlos Ejido Ramos Country Manager Mexico (+52) 55 4976 0988 carlos.egido@x-elio.com Lago Zurich 245, Piso 11, Oficina 1101-B Col. Amp. Granada, Del. Miguel Hidalgo. C.P. 11529; Ciudad www.x-elio.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 miguel.gomez@x-elio.com
Mexico
The Project is located approximately 8 km west of the city of Perote in the state of Veracruz and 105 km northeast of Puebla in sparsely populated farmland, covering an area of approximately 310 hectares
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
V-BF - Solar - Renewable Energy Generation
Total: $11.60 million
800000.00
10800000.00
800000.00
FV MEXSOLAR XI, S.A.P.I. DE C.V.
10800000.00
FV MEXSOLAR XI, S.A.P.I. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/41041/perote-ii-project
XM-DAC-903-SII-42260
International Finance Corporation
IEnova Corp.
The proposed investment consists in a corporate facility of up to US$395 million (including up to US$100 million from IFC) to Infraestructura Energética Nova, S.A.B. de C.V. (IEnova or The Company), one of the largest private sector energy companies in Mexico. Proceeds will be used to fund IEnovas expansion into the solar power generation segment, including the financing of four solar power generation plants with a total installed capacity of 376 MW.
The proposed investment has an Anticipated Impact Measurement and Monitoring ("AIMM") rating of "Good" based on an AIMM score of 65. The main project level outcomes are positive environmental effects from displacing carbon intensive thermal generation and reducing emission by 561,652 tons/year of CO2 equivalent and improving energy affordability for qualified users. Beyond the direct impact, the proposed investment is expected to contribute to diversify the country's energy supply, reducing reliance on thermal generation, gas imports and exposure to hydrology risk. In terms of competitiveness the proposed investment strengthens the expected trends of market price reduction and consolidation of new market structures.
INFRAESTRUCTURA ENERGETICA NOVA, S.A.P.I. DE C.V.
Infraestructura Energética Nova, S.A.B. de C.V Rodrigo Melendez Treasury Director rmelendez@ienova.com.mx http://www.ienova.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000
Mexico
Three of the solar projects are located in the Northern region of Mexico near the United States border, and the fourth one is located in Mexicos Central Region.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
V-IA - Electric Power Other (Including Holding Companies)
Total: $100.00 million
100000000.00
100000000.00
INFRAESTRUCTURA ENERGETICA NOVA, S.A.P.I. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42260/ienova-corp
XM-DAC-903-SII-42204
International Finance Corporation
PC CAPITAL DEVELOPMENT II, LP
The project entails an IFC equity commitment of up to US$20 million, not to exceed 20% of total commitments, in PC Capital Development Fund II, L.P. (The Fund), a 10-year closed-end generalist fund raising $100 million to make growth equity and buyout investments in 6-8 Small and Medium Enterprises (SMEs) located in Mexico.
Project Outcomes
Stakeholders - Improved Access to Capital for SMEs in the Mexican PE market: The Fund will provide access to growth capital with an average ticket size of US$5 to 10 million in 6 to 8 Mexico SMEs, with total commitments expected to be up to US$20 million including follow-on investments for platform building and M&A.
Stakeholders - Increased Investee Growth: The Fund is expected to add value to its investee companies by employing similar value creation strategies as Fund I through four key value-add approaches; (i) DD and Structuring; (ii) Operation; (iii) Governance; and (iv) Financial optimization.
Contribution to Market Creation
Competitiveness: The project is expected to strengthen the SME segment of the PE market by demonstrating proof of concept of this business model and contributing to attract further funding into the underserved SME PE space. This is expected to result in the crowding in of new funds in the SME segment of the markets, which could occur via emerging new fund managers or existing fund managers targeting this segment.
PC CAPITAL DEVELOPMENT II, LP
PC Capital Pablo J Cervantes Managing Partner +52 55 52 51 82 79 pcervantes@pc-capital.com Reforma 2654 piso 8, Chapultepec Morales, 11570, Mexico Websitehttps://www.pc-capital.com/capital-privado-mexico/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Fund, a Quebec limited partnership, will operate and invest in Mexico. The General Partner and the Investment Advisor are domiciled in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
P-BA - Growth Equity Fund
Total: $20.00 million
20000000.00
20000000.00
PC CAPITAL DEVELOPMENT II, LP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42204/pc-capital-development-ii-lp
XM-DAC-903-SII-39128
International Finance Corporation
Neolpharma Project
Founded more than 31 years ago, Grupo Neolpharma (the Company) is a Mexico-based, family-owned, pharmaceutical company focused on the development, manufacture, distribution and sale of branded and unbranded generic medicines. Through its related companies, Neolpharma has presence in Mexico, Puerto Rico, Peru and Ecuador. It exports from Mexico to Colombia, El Salvador, Panama, Costa Rica, Guatemala, Honduras and the Dominican Republic. Neolpharma owns an active pharmaceutical ingredients (API) production plant, four pharmaceutical finished formulations production plants; one USFDA/EMA approved plant in Puerto Rico; two distribution companies; and a pharmacy chain in Mexico with 47 branches. It is one of the leading domestic pharmaceutical companies in Mexico, primarily focused on prescription generics, with a portfolio of over 250 products in therapeutic areas such as central nervous system, cardiovascular, oncology and diabetes. As of today, it employs approximately 2,485 full-time employees of which 49% are women. The proposed IFCs financing aims to support Grupo Neolpharmas expansion plan in Mexico, which includes ramping up production capabilities and climate related projects (the Project).
Increased access to high-quality and low-cost generics: The Project has the potential to increase competitiveness in the pharmaceutical market through the entry and expansion of a generic pharmaceutical manufacturer that will introduce a greater variety of medicine and sell medicine at relatively lower prices than the originator brands. The entry of additional generics companies into markets leads to further price reductions as competitive pressures intensify.
- South-South knowledge transfer: As Neolpharma expands its regional footprint, it will bring new products, more stringent operational and quality practices, as well as knowledge and technology transfer to other countries.
- Employment generation and development of SMEs: with the new injectables plant, Neolpharma expects to generate 500 direct new jobs in Mexico during and after construction phase. The Project will also bring 2,000 indirect employment through the Company's purchases of goods and services. In addition, the new plant in Toluca will generate 250 direct new jobs.
- Increased exports: the Pharmaceutical sector was officially declared as a strategic export sector for the Government of Mexico ("GoM"). Neolpharma's growth strategy to expand outside of Mexico is in line with the GoM priorities as it aims at increasing exports and strengthening Mexico's regional competitiveness.
- High demonstration effect on the importance, technical feasibility and financial sustainability of the API industry: One of Neolpharma's strategic projects is increasing its API plant's capacity, which will create a positive demonstration effect on the feasibility and financial sustainability of an API plant.
NEOLPHARMA, S.A. DE C.V.
Neolpharma Diego Ocampo Research and Development Director +52 (55) 4124-7400 diego.ocampo@neolpharma.com División del Norte No. 3377, Col. El Rosario, C.P. 04380, Ciudad de México http://www.neolpharma.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Name : Diego Ocampo Gutierrez Address : Calzada de Tlalpan #4369, Col. Toriello Guerra, Del. Tlalpan, México, D.F. C.P. 14050 Email: diego.ocampo@neolpharma.com Telephone: +52 55 4124-7400
Mexico
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
Health and Education
Total: $20.00 million
20000000.00
20000000.00
NEOLPHARMA, S.A. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/39128/neolpharma-project
XM-DAC-903-SII-42055
International Finance Corporation
ABL Trust Mexico
The proposed project consists of (i) a 5-year senior secured loan for up to MXN2,000 million (~US$100 million equivalent) to a Special Purpose Vehicle (Trust or the Borrower); and (ii) up to 400 million (~US$20 million equivalent) to be committed at a later stage in form of a credit enhancement (PCG) or a senior pari-passu participation in the Trusts issuance in the capital market. On a first stage, the Trust will acquire and hold the receivables from leased assets originated by up to three different Mexican leasing companies. On a second stage, once the portfolio of leased assets reaches a critical size, the Trust is expected to place the structure in a private/public issuance. At that time, IFC will provide either a credit enhancement or participate as anchor investor through a senior pari-passu investment of up to 20% of the issuance.
By taking advantage of economies of scale and leveraging on the asset quality/base of the leasing companies, the Project's expected project level outcomes are a higher SME reach when compared to projects done on an individual basis and granted under traditional lending schemes. Preliminary numbers show that the Project could help each of the medium-sized companies to increase its profitability, hence the capital generation ratio, within the life of the structure.
CIBANCO S.A. INSTITUCION DE BANCA MULTIPLE ACTING AS TRUSTEE OF AGREEMENT CIB 3511
MAS Leasing / JH Leasing Juan Pablo Rivas / Manuel Fernandez CEO / CEO +52 55 5077 0867 / +52 55 5004 8424 info@masleasing.com / info@jhl.mx https://www.masleasing.com/ http://www.jhl.mx/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-LB - Leasing Services
Total: $126.86 million
21140000.00
105720000.00
21140000.00
CIBANCO S.A. INSTITUCION DE BANCA MULTIPLE ACTING AS TRUSTEE OF AGREEMENT CIB 3511
105720000.00
CIBANCO S.A. INSTITUCION DE BANCA MULTIPLE ACTING AS TRUSTEE OF AGREEMENT CIB 3511
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42055/abl-trust-mexico
XM-DAC-903-SII-38504
International Finance Corporation
BBVA Leasing Mexico S.A
IFCs proposed investment involves a long-term senior loan of up to US$116.5 million to BBVA Leasing México, S.A. de C.V. (BBVA Leasing or the Company) to provide leasing and green finance for SMEs in Mexico. The Project is comprised of: (i) an up to US$58.0 million senior A loan for IFCs own account; (ii) an up to US$15.0 million senior loan provided by IFC as the implementing entity for the Canada-IFC Blended Climate Finance Program (BCFP); and (iii) a trust loan of up to US$43.5 million from IFC acting in its capacity as the implementing entity for the Managed Co-Lending Portfolio Program (MCPP). As indicated above, IFC as implementing entity of the BCFP is expected to provide US$15 million in the
IFC anticipates that the Project will increase access to finance for SMEs in Mexico by helping BBVA Leasing grow its outstanding lease portfolio as well as its outstanding portfolio of green leases. Beyond the Project level outcomes, IFC anticipates that the investment has the potential to promote greater market competitiveness and sustainability through the demonstration and replication channels. IFC expects that the launch of leasing products for SMEs by a credible brand such as BBVA Leasing will have strong demonstration effects that will encourage other players to develop similar products as well as promote the first widely publicized climate-smart leasing products in Mexico, helping to foster market transparency through the adoption of a reporting tool for climate-smart leasing.
BBVA LEASING MÉXICO, S. A. DE C. V
BBVA Leasing Alejandro Olvera Director of Leasing +52 5621 4292 alejandroisr.olvera@bbva.com Torre BBVA - Piso 24, Paseo de la Reforma 510, Ciudad de México https://www.bbvaleasing.mx/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-LB - Leasing Services
Total: $70.00 million
70000000.00
70000000.00
BBVA LEASING MÉXICO, S. A. DE C. V
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38504/bbva-leasing-mexico-s-a
XM-DAC-903-SII-43747
International Finance Corporation
MOUNTAIN NAZCA CROSS BORDER FUND IV, LP
The proposed investment is an equity investment of up to $15M in Mountain Nazca Fund II, (Fund II), an Ontario-domiciled VC fund focused on investing in early-stage technology companies in Spanish Latin America (LAC), predominantly Mexico.
1. Increased access to early and expansion stage equity for technology companies in Mexico. Access to VC in Mexico remains low compared to the size of its economy. Within this context, Mountain Nazca will provide access to capital across an investee's lifecycle through its fund.
2. Increased competitiveness of Mexico's VC market. Mexico's VC ecosystem remains under-developed and the success of the Fund will prove the viability of this sector and help catalyze new local FMs.
3. Increased competitiveness of key markets through the support of market-disrupting digital business models: VC funds such as Mountain Nazca invest in companies that often introduce a disruptive digital business model in a market. These innovative businesses can put pressure on incumbents to compete on prices and service quality. They can also strengthen supply chains by reducing the role of brokers and intermediaries, which improves price transparency and efficiency.
MOUNTAIN NAZCA CROSS BORDER FUND IV, LP
Mountain Nazca Fund II Maria Tellez Principal maria@mountainnazca.com https://mountainnazca.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
P-BB - Venture Capital Fund
Total: $20.00 million
20000000.00
20000000.00
MOUNTAIN NAZCA CROSS BORDER FUND IV, LP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43747/mountain-nazca-cross-border-fund-iv-lp
XM-DAC-903-SII-44310
International Finance Corporation
Vinte 2020 Project
Founded in 2001, Vinte Viviendas Integrales, S.A.B. de C.V. (Vinte or the Company) is a listed homebuilder focused on low-to middle-income housing in Mexico. Vintes operations include land acquisition, urbanization, design and development planning, construction, and sale of homes. Vinte differentiates from other housing developers by offering functional and attractively designed homes, community infrastructure not easily available in this segment, and good location within or very close to urban centers. It has built more than 43,000 homes under an innovative housing model of living in communities. Vinte is one of few developers in Mexico that was able to grow even during economic downturns such as the 2008-2009 global crisis and the 2012-2013 Mexican housing crisis. Vinte is a holding company that consolidates six operating subsidiaries: (i) Promotora de Viviendas Integrales, S.A. de C.V. engaged in land purchase, development and commercialization; (ii) Urbanizaciones Inmobiliarias del Centro, S.A. de C.V. focused on architectonic and urban design, as well as on land purchase, development and commercialization; (iii) Edificaciones e Ingenieria del Centro, S.A. de C.V. engaged in urbanization and construction activities; (iv) Conectividad para el Habitat, S.A. de C.V. engaged in engaged in the distribution of computers, internet, and related services; (v) Vinte Administracion, Diseño y Consultoria, S.A. de C.V. focused on home sales; and (vi) Comercializadora de Equipamientos y Mobiliarios para la Vivienda, S.A. de C.V. engaged in the sale of home equipment such as floors, closets, furniture and solar panels. The purpose of the project is to alleviate Vintes cash needs for 2020-2021 to cope with expected home sales decline due to the COVID-19 crisis and enable Vinte to continue with the construction once the stay-at-home order is lifted (the Project). This Project will address a long-standing housing shortage in Mexico by providing good quality affordable housing in rapidly urbanizing areas of the country. ADDITIONAL INVESTMENT UNDER THE COVID-19 RESPONSE FACILITY: IFC has committed MXN 300 million to Vinte on June 29, 2021. The investment is in the form of a revolving A-loan to be funded and disbursed in Mexican Pesos for the purposes of supporting the Company to alleviate its long-term liquidity access for the next months should the economic recovery take longer than expected and to resume investments in new developments to capitalize on potential market opportunities. This follow-on investment will continue to address a long-standing housing gap in Mexico by providing good quality affordable housing. UPDATE RELATED TO ADDITIONAL INVESTMENT UNDER COVID-19 RESPONSE FACILITY: E&S Performance and COVID-19 related Impacts: - The companys E&S performance was satisfactory at appraisal and was determined to be satisfactory following the last site supervision visit (SSV) in April 2019. This performance is aligned with good international industry practices (GIIP) and is materially compliant with the applicable at-approval requirements under the current active investment. This follow-on investment, under the COVID-19 response facility, does not result in any new material E&S risks. The companys management of existing E&S risks and impacts as defined in the Environmental and Social Review Summary (ESRS) as disclosed for the existing investment on 07/14/2020 continues. - Vinte has made progress in completing several corrective actions as defined in the Environmental and Social Action Plan (ESAP) in 2020, and completion is of all associated actions is expected by December 2021. Vinte has enhanced management of environmental programs by standardizing the approach across all developments and has strengthened and standardized its emergency response plan for developments. Since March of 2020, Vinte did not reduce its construction workforce as an investment to be able to return to operations as soon as the construction activity was declared essential, which happened in June 2020. The virtual appraisal completed by IFC did not identify any new material E&S risks and impacts due to COVID-19 that cannot mitigated under existing ESRS and ESAP. Scope of IFCs Appraisal: - IFCs E&S virtual appraisal included a review of latest information provided by Vinte associated with environmental health and safety (EHS) and human resource (HR) management practices including OHS based on a detailed E&S questionnaire as well as virtual meetings and interviews. Document review included, among others: updated EHS management programs and procedures, COVID-19 response plan and related information as provided in response to a questionnaire. The review also considered Vintes E&S performance since the previous virtual appraisal undertaken in July 2020. After COVID-19 related travel restrictions are lifted, IFC will visit the client, as part of the regular portfolio monitoring activities. Response to COVID-19 Pandemic: - Vinte undertook a risk assessment exercise of its operations to identify and implement measures to reduce risks associated with COVID-19, while also ensuring compliance with local requirements related to the pandemic. \ The company has focused its efforts on information campaigns and trainings to ensure employees are aware of the risks and measures to prevent infections aimed for both office and construction staff alike. There has been no retrenchments and the company does not expect such in the near future. Administrative staff have the option to work remotely and the company has developed new protocols and procedures to minimize risks of exposure to workers, such as: daily cleaning and disinfection, facility access protocols, wearing of personal protective equipment and social distancing. Management communicates on a regular basis with all its employees via the available internal channels (i.e. intranet, e-mail) and external channels. Vintes existing HR/OHS policies and measures as well as the COVID-19 specific measures ensure ongoing compliance with IFC. PS2: Labor and Working Conditions and PS4: Community Health Safety and Security. As a condition of this follow-on investment, Vinte will ensure ongoing compliance with IFC Performance Standards especially provisions under PS2 and PS4.
IFC will position Vinte to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities.
Project level impact:
- Stakeholder effects: By providing a $20m A loan IFC will alleviate Vinte's cash needs for the next 18 months should the COVID-19 crisis extend beyond 2020 while allowing the company to maintain its existing credit standing and keep its workforce as well as ready to continue with the construction once the stay-at-home order is lifted. The project outcome will be realized through the effects on employees of Vinte who will stay on the Company's payroll, the effects on suppliers through continued demand once construction can resume, and the effects on customers as more housing supplies a high-quality developer like Vinte will be available, narrowing the supply-demand gap and generating equity value to homeowners.
- Economy-wide effects: This Project will create over 1,400 direct jobs both during construction and operation of the housing communities. The Project will increase demand for construction and building materials in Mexico. Once construction is completed, housing units will stimulate the use of local supplies of goods and services, supporting maintenance, retailing and wholesaling operations.
Contribution to Market Creation:
- Resilience: The Project will contribute to the resilience by limiting disruptions along supply chains and ensuring continued supply of goods and services in the sectors affected by reduced demand, price reductions and FX volatility thereby mitigating the effects of the economic downturn.
- Competitiveness: The first implementation of ASHA and READ tools will contribute to more socially sustainable housing projects in Mexico and LAC through demonstration and replication, as well as contribute to more competitive market by reducing the information asymmetry between home developers and banks on the sustainability and value of homes.
PROMOTORA DE VIVIENDAS INTEGRALES, S.A. DE C.V.
Vinte Viviendas Integrales, S.A.B. de C.V. Gonzalo Pizzuto Aznar Finance +52 (55) 5010-7360 gonzalo.pizzuto@vinte.com gonzalo.pizzuto@vinte.com www.vinte.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Gonzalo Pizzuto Azzar Finance Downtown Santa Fe, Av. Santa Fe 428, Torre 1, Piso 12, Oficina 1201, Col. Alcaldía Cuajimalpa, Ciudad de México, México. C.P. 05349 T: +52 (55) 5010-7360 E: gonzalo.pizzuto@vinte.com W: www.vinte.com
Mexico
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
other
Total: $20.00 million
20000000.00
20000000.00
PROMOTORA DE VIVIENDAS INTEGRALES, S.A. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44310/vinte-2020-project
XM-DAC-903-SII-44383
International Finance Corporation
Grupo Xcaret
Grupo Xcaret S.A.P.I. de C.V. (Xcaret or the Group) is a group of companies focused on tourism in the Rivera Maya (Mexico). Founded in 1985, its first eco-archaeological park opened in 1990 and since then, the Group has steadily grown to become the largest tourism group in this area of Mexico with several parks, guided tours, and hospitality. In December 2017, the Group opened its first hotel (Hotel Xcaret Mexico) with 900 rooms, reaching high occupancy rates in its first year of operations. The tourism sector is one of the most seriously impacted by the COVID-19 pandemic as countries placed travel bans and lockdown periods to contain the spread of the virus. In Mexico, the state of Quintana Roo, home of Cancun and the Riviera Maya, is the most affected region due to the importance of tourism. From March to May 2020, all hotels and parks were closed, which has significantly impacted Xcaret Groups liquidity. The Group is looking for US$100mn financing to mitigate the financial impact from the COVID-19 crisis (the Project).
Grupo Xcaret has been a prominent tourism operator in Cancun/Riviera Maya. IFC's financing will provide the needed additional liquidity to ensure that Xcaret can sustain the ongoing situation, support the reopening of parks and complete the construction of Hotel Xcaret Arte. IFC's financing will help to (i) preserve thousands of jobs and support future recruitment; (ii) finance the additional expenses needed for reopening; and (iii) maintain Xcaret's significant local value-chain.
PROMOTORA XCARET S.A.P.I. DE C.V.
Grupo Xcaret S.A.P.I. de C.V. José María Flores Marcos Chief Financial Officer +52 984 100 0113 jflores@xcaret.com Zona Hotelera de Cancún, Quintana Roo, Cancún, México 77500 www.grupoxcaret.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Grupo Xcaret S.A.P.I. de C .V. Boulevard Kukulcan, km 2.7, D-1-A Zona Hotelera de Cancún, Quintana Roo Cancún, México 77500
Mexico
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
U-AE - Other (Including Restaurants, Amusement Parks, etc.)
Total: $75.00 million
75000000.00
75000000.00
PROMOTORA XCARET S.A.P.I. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44383/grupo-xcaret
XM-DAC-903-SII-44850
International Finance Corporation
FHIPO Loan II
The proposed project consists of a credit facility through a financing structure with Fideicomiso Hipotecario (Fideicomiso Irrevocable F/2061 FHipo; BMV Ticker: FHIPO) (FHipo or the Company). With this financing, FHipo will continue with its ordinary course of business which may include but is not limited to the co-participation and co-origination of mortgage loans with several originators in Mexico, allowing them to expand the number of mortgages granted and thus benefiting a greater number of Mexican families.
IFC's support will enable FHipo to expand the scale of its investments, by increasing the amount of residential mortgage portfolios acquired by them. This in turn is expected to have the following impacts: i) Residential mortgages originators will be benefited by obtaining access to liquidity and funding diversification to increase their operations, and, consequently, increasing the number of families being able to get mortgage financing; ii) investors will benefit since the project will contribute to a wider availability of impact investment opportunities in the capital markets and iii) enhancing Fintech mortgage market in Mexico through FHipo's partnership with Smart Lending. The project will also have stakeholder impact as it will i) increase access to housing finance for formal sector workers that are currently un(der)served by commercial lenders; and (ii) complement the public sector's effort in addressing the severe shortage of affordable housing. Additionally, environmental impact is also expected, as the Project will contribute to reducing 1,300 tons of CO2 emissions per year by funding mortgages with energy savings potential.
Fideicomiso Irrevocable F2061 FHipo
Fideicomiso Irrevocable F/2061 FHipo Daniel Braatz, Ignacio Gutiérrez or Benito Villarreal CEO, CFO, CBD, respectively +52 55 4744 1100 db@fhipo.com Juan Salvador Agraz 65 9th Floor, Lomas de Santa Fe, Mexico City, 05300 www.fhipo.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-EC - Mortgage Services and Other
Total: $123.89 million
123890000.00
123890000.00
Fideicomiso Irrevocable F2061 FHipo
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44850/fhipo-loan-ii
XM-DAC-903-SII-44744
International Finance Corporation
AltumCP II Project
The proposed investment consists of a senior secured loan to ALTUM CP, S.A.P.I. DE C.V. SOFOM E.N.R. (AltumCP), an existing IFC client and an operating vehicle of the Altum Fund (together the Fund or Altum). The Fund is managed by Legorreta Gómez y Asociados, S.C. (LG&A or the Fund Manager). The proceeds will be used to finance NBFIs and SMEs in Mexico, which have limited access to bank loans. For the 1st commitment, at least 60% of the proceeds will fund climate related activities such as renewable energy (RE), solar panels for households and small businesses, and energy efficiency (EE).
The most significant, expected Project-level outcomes are: (i) an increase in access to finance for MSMEs, and (ii) an increase in the availability of climate finance by providing alternative sources of long-term financing to well performing SMEs and NBFIs. AltumCP provides direct loans to SMEs and enables NBFIs to on-lend to underserved and constrained MSMEs. Beyond the Project-level outcomes, IFC anticipates that the investment will contribute to market creation by improving environmental sustainability by establishing international green lending principles in the climate finance segment. Further, IFC expects this project to demonstrate the commercial viability of climate lending to SMEs and therefore encourage replication through alternative funding channels, such as debt funds.
ALTUM CP, S.A.P.I. DE C.V., SOFOM, E.N.R.
Legorreta Gómez y Asociados, S.R.L. Eduardo Legorreta Institutional Funding Director +52 (55) 6721 0996 elegorreta@altumcapital.com.mx Monte Caucaso 915 Piso 1 Desp. 103, Col. Lomas de Chapultepec, Ciudad de Mexico, C.P. 11000 www.altumcapital.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
AltumCPs headquarters are located in Mexico City where the management team is based. Additionally, AltumCP has an office in Monterrey.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-FA - Other Non-Banking Financial Institution (NBFI)
Total: $47.65 million
47650000.00
47650000.00
ALTUM CP, S.A.P.I. DE C.V., SOFOM, E.N.R.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44744/altumcp-ii-project
XM-DAC-903-SII-45309
International Finance Corporation
Odata MX Project
The proposed transaction consists of a senior secured debt financing package up to US$35 million to Odata Colocation Mexico S.A. de C.V. (ODATA or the Company), for the construction and operation of a data center in Queretaro, Mexico (the Project). Odata is a multi-tenant data center operator, and an affiliate of an existing IFC client, Odata Brasil S.A. The facility will have 10-year tenor including a 1-year grace period.
The Project is expected to result in increased access to data hosting services for businesses by building, over the next two years, a data center in Mexico, with a potential to boost productivity growth for businesses, especially SMEs, and support the growth of technology startups. Beyond the Project, IFC anticipates that this investment will incrementally improve the competitiveness of the market for data hosting services in Mexico by maintaining competitive pressure other providers, thereby supporting the continued growth of data center capacity and gradually alleviating the supply gap in Mexico.
ODATA COLOCATION MEXICO S.A. DE C.V.
ODATA Colocation Mexico S.A. de C.V. Fernando Jaeger Business Development and M&A Director +55 11 4871 2924 fernando.jaeger@odata.com.br Rua Joaquim Floriano 913 · 4º andar Sao Paulo 045340-00 Brazil www.odatacolocation.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 CARR EST 500 KM 600 Av. Industrial 71; Fracc Industrial VYNMSA; Colonia Parque Iindustrial O Donnell Aeropuerto - El Marques QRO C.P. 76245
Mexico
Queretaro, Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
N-BA - Internet Access Providers (Including ISPs, Datacenters)
Total: $20.00 million
20000000.00
20000000.00
ODATA COLOCATION MEXICO S.A. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45309/odata-mx-project
XM-DAC-903-SII-46196
International Finance Corporation
Nazca III Project
The proposed investment is an equity investment of up to $15M in Nazca Fund III, (Fund III), an Ontario-domiciled VC fund focused on investing in early-stage technology companies in Spanish Latin America (LAC), predominantly Mexico.
1. Increased access to early and expansion stage equity for technology companies in Mexico. Access to VC in Mexico remains low compared to the size of its economy. Within this context, Nazca will provide access to capital across an investees lifecycle through its fund.
2. Increased competitiveness of Mexico's VC market. Mexico's VC ecosystem remains under-developed and the success of the Fund will prove the viability of this sector and help catalyze new local Fund Managers.
3. Increased competitiveness of key markets through the support of market-disrupting digital business models: VC funds such as Nazca invest in companies that often introduce a disruptive digital business model in a market. These innovative businesses can put pressure on incumbents to compete on prices and service quality. They can also strengthen supply chains by reducing the role of brokers and intermediaries, which improves price transparency and efficiency.
NAZCA III, LP
Nazca Fund III Hector Sepúlveda' Partner hector@nazca.vc Nazca.vc
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
P-BB - Venture Capital Fund
Total: $15.00 million
15000000.00
15000000.00
NAZCA III, LP
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46196/nazca-iii-project
XM-DAC-903-SII-45608
International Finance Corporation
Project Kio
The proposed investment consists of a US$30 million equity commitment, to be invested in Sixsigma Networks Mexico S.A. de C.V., commercially known as Kio Networks, and related follow-on investments for growth (KIO, or the Company). Certain private investment funds (the Funds) sponsored by I Squared Capital Advisors (US) LLC or its affiliates (ISQ or Sponsor) are acquiring KIO (the Project). IFCs investment will be alongside the Funds (the Project). KIO is the largest carrier neutral multi-tenant datacenter operator and one of the leading IT Infrastructure services companies in Mexico. Founded in 2002, KIO offers a comprehensive set of data center and IT infrastructure services and solutions with 11 core data centers and 11 EDGE data centers with an installed capacity of over 20MW in Mexcio, Panama, Guatemala, the Dominican Republic, and Spain (the target countries).
Stakeholder Impact: The Project is expected to increase access to quality digital connectivity and data center capacity for individuals and businesses.
Competitiveness: The Project will support increased competitiveness for mobile connectivity or data hosting services in the target countries, via competition channels.
SIXSIGMA NETWORKS MEXICO SA DE CV
I Squared Capital Advisors (US) LLC Andreas Moon Investor Relations andreas.moon@isquaredcapital.com 600 Brickell Avenue, Miami FL, 33131 www.isquaredcapital.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Address 600 Brickell Avenue Miami, FL 33131 Webpage www.isquaredcapital.com
Mexico
KIO owns 11 core data centers and 11 EDGE data centers in Mexcio, Panama, Guatemala, the Dominican Republic, and Spain.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
N-BA - Internet Access Providers (Including ISPs, Datacenters)
Total: $30.10 million
30100000.00
30100000.00
SIXSIGMA NETWORKS MEXICO SA DE CV
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45608/project-kio
XM-DAC-903-SII-43815
International Finance Corporation
Genomma Lab II
Founded more than 20 years ago, Genomma Lab (Genomma or the Company) is a Mexico-based, pharmaceutical company listed in the Mexican Stock Exchange with a presence in 18 countries across Latin America, and in the U.S.. It is focused on the development, manufacturing, distribution and sales of over the-counter (OTC) or non-prescription medicines and personal care (PC) products for the private market. The purpose of IFCs proposed financing is to support Genommas approximately US$60 million expansion plan in Latin America over the next two years (the Project).
Project-level : (i) increase access to
quality and affordable medicines; and (ii) create
employment opportunities and economic linkages with additional gross value
added.
Market creation : enhance resilience of
supply chains for over-the-counter medical supplies.
GENOMMA LAB INTERNACIONAL, S.A.B. DE C.V.
Genomma Lab Internacional, S.A.B. de C.V. Antonio Zamora Galland Chief Financial Officer +52 (55) 5081 0000 antonio.zamora@genommalab.com Antonio Dovalí Jaime No. 70, Torre C, Piso 2, despacho A Corporativo Samara, Col. Santa Fe, C.P. 01210. México, D.F https://www.genommalab.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Mr. Antonio Zamora Galland Chief Financial Officer Antonio Dovalí Jaime No. 70, Torre C, Piso 2, despacho A Corporativo Samara, Col. Santa Fe, C.P. 01210. Del. Alvaro Obregón, México, D.F. Telephone: +52 (55) 5081 0000 Email: antonio.zamora@genommalab.com www.genommalab.com
Mexico
Argentina, Brazil, Chile, Colombia, Ecuador and Peru.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
other
Total: $60.00 million
60000000.00
60000000.00
GENOMMA LAB INTERNACIONAL, S.A.B. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43815/genomma-lab-ii
XM-DAC-903-SII-45878
International Finance Corporation
DCM Mega SBond
The investment consists of an up to MXN$3,000 million (~US$150 million equivalent), publicly listed Sustainable Bonds (SB) issued by Operadora de Servicios Mega, SA de CV, SOFOM, ER (Mega or the Company). IFC is expected to subscribe up to MXN$600 million (~US$30 million equivalent) of the 5-year tenor tranche, on an own account basis. This issuance is the first SB issued by the Company in the Mexican debt capital market, in which IFC will be acting as anchor investor.
The most significant, expected Project-level outcomes are improved access to finance for small and medium enterprises (SMEs) especially women-led SMEs and SMEs engaged in sustainable activities. Beyond the Project outcome, IFC anticipates that the investment will have the potential to promote integration in the Mexican financial market via the demonstration, innovation, and replication channels. The Project will support the first issuance of a SB by a non-bank financial institution in Mexico, paving the way for other FIs to carry out similar issuances.
OPERADORA DE SERVICIOS MEGA, S.A. DE C.V. S.O.F.O.M. E.R.
Operadora de Servicios Mega S.A. de C.V., SOFOM, ER Jaime Alonso Gomez Diaz CFO +52 (33) 3777-1640 jaime.gomez@gfmega.com Website https://www.gfmega.com https://www.gfmega.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mega is headquartered in Jalisco, Mexico, and has operations throughout several Mexican States like Nuevo Leon, Durango, Michoacan, Guanajuato, and Mexico City. Mega also operates in California, USA, throughout its subsidiary Mega LP which is based in San Diego.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-LB - Leasing Services
Total: $29.25 million
29250000.00
29250000.00
OPERADORA DE SERVICIOS MEGA, S.A. DE C.V. S.O.F.O.M. E.R.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45878/dcm-mega-sbond
XM-DAC-903-SII-46095
International Finance Corporation
Arrendamas Project
The proposed IFC investment consists of a 5-year (2-year grace) senior secured loan for up to MXN1,000m (~US$50 million equivalent, split into two commitments of US$25 million each), to a Special Purpose Vehicle (SPV or Trust). The Trust will hold assets that will be pledged and serviced by Arrendamas (Arrendamas or the Company), a medium size independent leasing company with over 16 years of experience in the Mexican market, supporting the small and medium enterprises (SMEs). The purpose of the IFC Loan is to provide the Trust with funding to purchase eligible leases from Arrendamas. Arrendamas, could use the proceeds from the sale of such leases to finance its portfolio of loans and leases to SMEs.
The most significant, anticipated Project-level impact is increased access to finance for SMEs in Mexico. Beyond the Project, IFC anticipates that the investment will contribute to promoting market competitiveness via the demonstration, innovation, and replication channels. The Project will continue to build on IFCs asset based lending (ABL) work done in the past in the secured transactions framework by using the mechanism of ABL as the foundation for an innovative scheme aimed to create scale to efficiently address a market need. By diversifying Arrendamas funding sources, the Project will directly enhance the use of this kind of structure in the Mexican market. As seen in other existing ABL projects, the Project is expected to enhance the warehousing capabilities of Arrendamas and help them to continue issuing Asset Backed Securities in the Mexican capital market.
ARRENDADORA Y SOLUCIONES DE NEGOCIOS, S.A.P.I. DE C.V., SOFOM. E.N.R.
Arrendamas Mariana Padilla CFO +52 (33) 3641 455 mpadilla@arrendamas.com Ontario #1107-4, Col. Lomas de Guevara, C.P. 44657, Guadalajara, Jalisco, Mexico https://www.arrendamas.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Arrendamas headquarters are located in Jalisco, Mexico. It operates in seven Mexican states through a network of 20 agencies.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-LB - Leasing Services
Total: $51.05 million
51050000.00
51050000.00
ARRENDADORA Y SOLUCIONES DE NEGOCIOS, S.A.P.I. DE C.V., SOFOM. E.N.R.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46095/arrendamas-project
XM-DAC-903-SII-45765
International Finance Corporation
DCM Dimex ABL
The proposed IFC investment consists of (i) a 5-year senior secured loan of up to MXN1,000 million (~US$50mn equivalent) to a special purpose vehicle (Trust or the Borrower) serviced by Dimex Capital, S.A. de C.V., SOFOM, ENR (Dimex), a non-bank financial institution (NBFI) with a proven track record of granting loans to pensioners; and (ii) up to MXN200 million (~US$10 million equivalent) to be committed in a later stage in form of a Partial Credit Guarantee (PCG) or a senior pari-passu participation in the Trusts issuance in the capital markets.
The most significant, anticipated Project-level impact is increased access to finance for underserved pensioners in Mexico. Beyond the Project, IFC anticipates that the investment will contribute to promoting market competitiveness via the demonstration, innovation, and replication channels. IFCs engagement with NBFIs with unique business models to reach MSMEs aims to exert an increased competition in the market that is underserved by large banks.
DIMEX CAPITAL, S.A. DE C.V., SOFOM ENR.
Dimex Capital, S.A. de C.V. Gerardo Omar Perez Caballero Head of Treasury 81 86 92 90 30 gerardo.perezc@dimex.mx Blvd. Antonio L. Rodriguez 2100 Piso 23, Col. Santa Maria, Monterrey, Nuevo Leon, C.P. 64650 https://www.dimex.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-CA - Finance Companies
Total: $54.53 million
54530000.00
54530000.00
DIMEX CAPITAL, S.A. DE C.V., SOFOM ENR.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45765/dcm-dimex-abl
XM-DAC-903-SII-46497
International Finance Corporation
CI Crediclub
IFC proposes an equity co-investment in Crediclub S.A. de C.V. The co-investment will be made through an Ontario-based Limited Partnership alongside L Catterton Latin America Fund III L.P. Crediclub is a fast-growing microfinance institution (MFI) focused on lending to the lower income segment in Mexico, with an innovative and digital deposit funding structure that represents a unique business model compared to its more traditional peers.
Project-level outcome is: increased access to finance for micro enterprises, and especially women micro entrepreneurs in Mexico, where the access to finance remains low despite the significant role played by MSMEs in the economy. The main market-creation outcomes is: financial inclusiveness.
CI CREDICLUB, S.A. DE C.V. S.F.P.
L Catterton Latin America III +1 203-629-4903 info@catterton.com 599 West Putnam Avenue Greenwich, CT 06830 www.lcatterton.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Crediclub is headquartered and operates in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
P-BA - Growth Equity Fund
Total: $10.30 million
10300000.00
10300000.00
CI CREDICLUB, S.A. DE C.V. S.F.P.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46497/ci-crediclub
XM-DAC-903-SII-45578
International Finance Corporation
DCM HIR Casa ABL
The proposed project consists of a senior-secured loan of up to MXN 1,000 million (equivalent to approximately US$50 million) to a Special Purpose Vehicle (The Trust). The Trust will acquire and hold assets originated by Bienes Programados S.A. de C.V. (HIR Casa or the Company) which meet certain eligibility criteria. IFC will act as the primary beneficiary of the Trust. The assets to be held in the Trust will be mortgage loans exclusively for residential purpose, and it is expected that a minimum of 50% of the mortgages be from women clients (the Project).
The most significant, anticipated Project-level impact is increased access to housing to middle-income households in Mexico. Beyond the Project, IFC anticipates that the investment will contribute to promoting inclusiveness via a focus on women head of households, which are financially underserved and have a lower access to housing finance in the country. The Project is expected to enhance the warehousing capabilities of HIR Casa and help them to continue issuing securitizations in the Mexican capital market.
BIENES PROGRAMADOS, S.A. DE C.V.
HIR Casa Daniel Gonzalez Deputy CEO dgonzalez@hircasa.com https://www.hircasa.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
HIR Casas headquarters are located in Mexico City, Mexico. The Company has 29 branches in 11 different states.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-AB - Commercial Banking - Housing Finance
Total: $55.35 million
55350000.00
55350000.00
BIENES PROGRAMADOS, S.A. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45578/dcm-hir-casa-abl
XM-DAC-903-SII-46654
International Finance Corporation
Altum CKD II
The proposed investment consists of two senior secured loans to (i) CKD RF Estructurada, S.A.P.I de C.V. SOFOM E.N.R (CKD), an existing client and operating vehicle of AltumCK, and (ii) Fideicomiso Irrevocable de inversion y Pago no. 4909 (CERPI Trust), an operating vehicle of AltumPI (together the Funds). The Funds are managed by Legorreta Gomez y Asociados, S.C. (LG&A or the Fund Manager). The proceeds will be used to finance NBFIs and SMEs in Mexico, which have limited access to bank loans. At least 35% of the proceeds will fund climate related activities such as renewable energy (RE), solar panels for households and small businesses, and energy efficient (EE).
The most significant, expected Project-level outcomes are: (i) an increase in access to finance for SMEs, and (ii) an increase in the availability of climate finance by providing alternative sources of long-term financing to well performing SMEs and NBFIs. The Funds provide direct loans to SMEs and enable NBFIs to on-lend to underserved and constrained SMEs. Beyond the Project-level outcomes, IFC anticipates that the investment will contribute to market creation by improving environmental sustainability by establishing international green lending principles in the climate finance segment. Further, IFC expects this project to demonstrate the commercial viability of climate lending to SMEs and therefore encourage replication through alternative funding channels, such as debt funds.
CKD RF ESTRUCTURADA S.A.P.I. DE C.V. SOFOM ENR
Legorreta Gomez y Asociados, S.C. Eduardo Legorreta Institutional Funding Director +52 55 6721 0996 elegorreta@altumcapital.com.mx Monte Caucaso 915 Piso 1 Desp. 103, Col. Lomas de Chapultepec, Ciudad de Mexico, C.P. 11000 www.altumcapital.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
P-GJ - Other Non-Private Equity Fund
Total: $49.90 million
49900000.00
49900000.00
CKD RF ESTRUCTURADA S.A.P.I. DE C.V. SOFOM ENR
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46654/altum-ckd-ii
XM-DAC-903-SII-46559
International Finance Corporation
IDEI Green PCG
The proposed investment consists of an unfunded Partial Credit Guarantee of up to MXN$500 million to Internacional de Inversiones S.A.P.I. de C.V. (IDEI or the Company), a property development company based in Mexico. The proposed project aims to support IDEI in its first ever public bond issuance to finance the development of new EDGE-certified green residential projects and to refinance the debt of existing green office buildings owned by the Company.
IFC expects the project to generate an increase in access to quality housing for middle-income populations and have positive environmental effects through reduction in energy and water consumption. At the market level, IFC anticipates that the Project will promote financial integration of the housing market through demonstration effects, where the Company will diversify its lender base through the issuance of the first Sustainability-Linked Bond (SLB) by a housing developer.
INTERNACIONAL DE INVERSIONES, S.A.P.I. DE C.V.
Internacional de Inversiones S.A.P.I. de C.V. Jaime Escamilla Chief Financial Officer +52 81 8625 5757 Jaime.escamilla@idei.com.mx David Alfaro Siqueiros 106, 64th floor www.idei.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Torre KOI- David Alfaro Siqueiros 106, 64 th floo r
Mexico
The buildings in the project are to be located in the city of Monterrey and neighboring areas, Nuevo Leon, Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
other
Total: $25.16 million
25160000.00
25160000.00
INTERNACIONAL DE INVERSIONES, S.A.P.I. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46559/idei-green-pcg
XM-DAC-903-SII-45293
International Finance Corporation
DARP NPL Zendere
The proposed IFC investment consists of creating a Distressed Asset Recovery Program (DARP) platform in Mexico to acquire and resolve secured and unsecured retail non-performing loan (NPL) portfolios and Real Estate Owned (REOs) by financial institutions (the Project). IFC will be partnering with Zéndere Group (Zéndere), a relevant distressed asset (DA) player in Mexico, which will service the NPL portfolios and also invest alongside IFC and other co-investor(s) in the Project.
The most significant, expected Project-level outcome is the offloading of consumer and mortgage NPLs by Financial Institutions (FIs) in Mexico, which will contribute to freeing up their capital and increasing liquidity, reducing costs associated with the management of these assets and allow FIs to focus on their core lending activities. In addition, IFC expects that the Project will help normalize non-performing assets, allowing individuals that had defaulted on their obligations to keep their assets, become creditworthy again and consequently regain access to formal credit. IFC also anticipates that the Project, together with other ongoing IFC interventions in Mexico, have the potential to promote market competitiveness via demonstration and replication channels.
FUZI ACTIVOS, S.A.P.I. DE C.V.
Zéndere Holding I, S.A.P.I. de C.V. Eduardo Flores Alonso CEO + 52 (55) 5980 3910 eduardo.flores@zendere.com Jaime Balmes 11, Torre A Piso 7 Los Morales Polanco, C.P. 11510, CDMX www.zendere.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-FB - Distressed Assets SPV
Total: $30.00 million
30000000.00
30000000.00
FUZI ACTIVOS, S.A.P.I. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45293/darp-npl-zendere
XM-DAC-903-SII-36041
International Finance Corporation
Cubico Alten Aguascalientes Solar PV Project
The Cubico Alten Aguascalientes Solar PV Project (the Project) includes the construction and operation of two adjacent greenfield photovoltaic (PV) power plants, Solem 1 and Solem 2, with total installed capacity of 348MWp (290MW), three electrical substations (two step-up substations and one maneuver substation), and a 6.6 km power transmission line connecting the substations to the national grid. The maneuver substation will later be handed over to the state-owned power utility, Comisión Federal de Electricidad (CFE). The project will be installed on 15 privately owned and leased lots within a total area of 963.7 hectares, located in the El Llano municipality of Aguascalientes, Mexico. Both plants will use crystalline silicone panels, supplied by top-tier module manufacturers, mounted on single axis horizontal tracking systems. The sponsors of the Project are Cubico Sustainable Investments (Cubico), a global renewable energy investor, and Alten RE Developments America, B.V. (Alten), the subsidiary of Alten Renewable Energy Developments B.V., a solar PV developer incorporated in the Netherlands. The Alten group of companies owns and operates 6 solar PV plants in Spain.
The Project will be constructed and operated by the Mexican subsidiary of Grupo Ortiz, a Spanish family-owned construction company.Alten is an existing IFC client, jointly developing a 120MW Solar PV project in Kogi State of Nigeria (see project #36761 InfraV-MBSO disclosure published December 14, 2015). Grupo Ortiz will also manage operations and maintenance of the plants. Both Solem 1 and Solem 2 were awarded long term power, clean energy certificates and capacity purchase agreements (PPAs) in Mexicos most recent energy auction, which took place in September 2016. Following the construction period for both projects, Solem 1 is expected to be commissioned by September 2018 and Solem 2 by June 2019. A subsidiary of CFE will act as off-taker of the Project and counterparty to three separate PPAs for each of Solem 1 and Solem 2: i) a 15-year term for energy sales (MWh); ii) a 20-year term for clean energy certificate (CELs) sales; and iii) a 15-year term for capacity (MW). Once constructed, the Project will be one of the largest solar PV plants in Latin America.
The Project will contribute an additional 290MW toward Mexico's stated target of 35% clean energy generation by 2024.
The Project will help Mexico unlock its resource rich solar power generation potential, which to date is less than 0.5% of the energy mix in the country.
As the first solar PV project to be constructed in Aguascalientes, an arid, flat, temperate and sun-rich state, the Project has the potential to serve as a benchmark for future solar PV developments.
Alten Energias Renovables Mexico Cuatro, S.A. de C.V.
Alten RE Developments America, B.V. Javier Andres Head of Projects +34 91 5630990 javier.andres@alten-energy.com José Abascal 58-3° Dcha., 28003 Madrid, Spain www.alten-energy.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } Alten Renewable Energy Felipe Salazar Country Manager - Mexico Prol. Paseo de la Reforma, 115-804 Col. Paseo de las Lomas, Alvaro Obrégon 01330 México D.F. Phone: +52 55 1664 6190 Email: felipe.salazar@alten-energy.com
Mexico
The Project will be constructed within approximately 963.7 hectare plot, of which approximately 55% is owned by the Project and 45% leased from existing landowners. The rural, greenfield site is located about 20km east of the capital city of Aguascalientes, Mexico, in the El Llano municipality, and has access to major highway routes into the city.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
V-BF - Solar - Renewable Energy Generation
Total: $55.00 million
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36041/cubico-alten-aguascalientes-solar-pv-project
XM-DAC-903-SII-45927
International Finance Corporation
CCF Pilot Project
The Project consists of an early-stage capital investment in a fund that buys and sells carbon credits from nature based projects. This is a pilot investment that is meant to be a transactional, pass-through instrument to validate concepts. The initial investment in the fund will be US$10m pari passu between four partners including IFC.
<span style="font-size:11.0pt;font-family:"Calibri",sans-serif;
mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-ansi-language:
EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">The most significant,
expected Project-level outcomes are increased access to financing for producers
of NBS carbon credits and increased access to carbon credits for purchase by
entities seeking to use the credits, both of which will contribute to the
global transition to net-zero emissions. Beyond the Project-level outcomes, IFC
anticipates that the investment will support the growth of the carbon credit
market.
CULTIVO CARBON FUND
Cultivo Land PBC Rebeca Bravo Head of Finance + 1 925 463 8833 Rebeca.bravo@cultivo.land Pleasanton, CA 94588 https://cultivo.land/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The project sponsor is decentralized with key team members based in San Francisco, Mexico City and London.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-IA - Exchanges (Trading Systems)
Total: $2.00 million
2000000.00
2000000.00
CULTIVO CARBON FUND
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45927/ccf-pilot-project
XM-DAC-903-SII-49013
International Finance Corporation
DCM SRT Azteca
The proposed investment consists of a Synthetic Risk Transfer (SRT) in which IFC will provide to Banco Santander Mexico S.A. (Santander Mexico or the Bank), an unfunded guarantee on credit losses for up to MXN2,036 million (US$120 million equivalent), representing the mezzanine tranche of a MXN36.4 billion (US$1.9 billion equivalent) reference portfolio from the Banks eligible credit exposures. IFCs guarantee will enable the Bank to use the regulatory capital freed up through the reference portfolio to generate more risk-weighted assets and support its SMEs origination lending activities (the Project).
The project will enable Santander Mexico to increase access to finance to its SME clients. IFC anticipates that the Project will contribute to increasing market resilience by introducing a relatively new capital instrument, facilitating banking institutions to manage and optimize capitalization while supporting lending expansion to strategic areas in Mexico.
RSF Santander Mexico II
Banco Santander México, S. A. Jonas Agustin Bernes Fentanes ED Private Debt Mobilization & Solutions +(52) 55 4544 9673 jabernes@santander.com Prol. Paseo de la Reforma 500, Modulo 107 A. Obregon, Mexico City, Mexico https://www.santander.com.mx/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
O-ID - Capital Markets Financing Company (Including Investment Banking)
Total: $116.99 million
116990000.00
116990000.00
RSF Santander Mexico II
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49013/dcm-srt-azteca
XM-DAC-903-SII-47999
International Finance Corporation
Axtel UCL Project
The proposed investment entails a 7-year facility to Axtel S.A.B. de C.V. (Axtel or Company) for up to US$60 million comprised of an A loan of US$40 million and mobilization of the balance. IFCs financing will support a market leader providing critical digital connectivity and digital transformation services by extending the Companys maturities, strengthening its balance sheet, and providing funds to invest in new Capex.
The development impact thesis derives from the Companys potential to (i) increase access to reliable quality connectivity for businesses, including SMEs; (ii) increase employment opportunities, especially for women; (iii) increase the competitiveness of the market for broadband connectivity in Mexico by fostering competition; and (iv) enable the economic transformation via nearshoring opportunities by strengthening the integration of the Mexican economy in the global value chains through digital connectivity.
AXTEL, S.A.B. DE C.V.
Axtel, S.A.B de C.V. Adrian de los Santos CFO +52 (81) 3040-7778 adelossantos@axtel.com.mx Av. Munich No. 175 Col. Cuauhtémoc, San Nicolás de los Garza, Nuevo León, 66450, Mexico https://www.axtelcorp.mx/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Address Av. Munich No. 175 Col. Cuauhtémoc, San Nicolás de los Garza, Nuevo León, 66450, Mexico Webpage https://www.axtelcorp.mx/
Mexico
The Project location will be Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
other
Total: $40.00 million
40000000.00
40000000.00
AXTEL, S.A.B. DE C.V.
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47999/axtel-ucl-project
XM-DAC-903-SII-48795
International Finance Corporation
DFP Nexxus Project
The proposed project consists of an equity investment in Nexxus Private Debt Fund II (the Fund) of up to US$30 million equivalent in MXN, along other private institutional investors, targeting a Fund size ranging from US$175 million to US$235 million equivalent in local currency. The Fund aims to finance mid-market Mexican enterprises (MEs) going through a growth stage with stabilized cash flows and SMEs (the Project). The Fund will be managed by Nexxus Capital, S.A.P.I. de C.V. (Nexxus or the Manager), one of the leading asset managers of alternative investments in Mexico with over 25 years of experience.
The most significant Project-level outcome is increased access to growth capital for MEs. Reducing the finance gap is crucial to support the sustainable growth and competitiveness of these companies that are key drivers of employment. These companies do not have access to long-term finance for growth from banks nor the capital markets and thus the Fund will be a way to catalyze long-term funding from institutional investors that have the appetite but lack the resources and experience to reach those MEs.
IFC also anticipates that the Project will support the development of the private debt funds markets in Mexico, increasing the competitiveness in the sector by providing additional sources of funding for MEs that currently rely on its own suppliers or short-term working capital lines from banks. In contrast, fund managers like Nexxus have the efficiency and flexibility to create debt products that are tailor-made to these companies' needs in terms of tenor, repayment schedule, seniority, or type of collateral. The Fund will also contribute to the sustainability of the market by developing an ESG agenda for its investee companies helping them greening their operations.
Nexxus Fondo de Deuda Privada II
Nexxus Capital, S.A.P.I. de C.V. Iker Paullada Director +52 55 5292 3400 ipaullada@nexxuscapital.com Bosque de Alisos 47-B 4th fl. Bosques de las Lomas, Cuajimalpa, 05120, Mexico City, Mexico www.nexxuscapital.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
P-GJ - Other Non-Private Equity Fund
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/48795/dfp-nexxus-project
XM-DAC-903-SPI-4640
International Finance Corporation
Cifunsa S.A. de C.V.
SUMMARY OF PROJECT INFORMATION (SPI) Country/Project Name Mexico - Cifunsa Region Latin America Sector Non-sectoral Project No. 4640 Projected Board Date May 31, 1995 Company Name Cifunsa S.A. de C.V. Technical Partner and/or Major Shareholders Cifunsa is a wholly owned subsidiary of Grupo Industrial Saltillo S.A. de C.V. (GISSA). GISSA''s shareholding is controlled 85% by its original founders, the Lopez family, while the remaining 15% is held by the general public. GISSA''s shares are traded in the Mexican Stock Exchange. Project Cost including proposed IFC investment US$45.9 million Location of project and Description of site Saltillo, Coahuila. The site is located in an industrial corridor on the northern side of the city. Description of Company and Purpose of Project Cifunsa is the leading Mexican producer of automotive engine block and engine head castings. IFC has been asked to partly finance the modernization, automation and expansion of the manufacturing operations of Cifunsa, as well as the improvement of its environmental facilities. Environmental Categories and Issues This is a category "B" project according to IFC''s environmental review procedure. Environmental issues associated with this project include air emissions, liquid effluents, solid wastes and land use. Occupational health and safety issues include equipment guarding, fire prevention, emergency response, and employee exposure to noise, molten metal, dust and hazardous materials. The Environmental Review Summary is expected to be available on or about May 15, 1995 from the Public Information Center. Host country location(s) of environmental documents: Chiapas 375 Pte., Apartado Postal 29-C, 25280 Saltillo, Coahuila, Mexico. Date SPI sent to PIC [To be input by Corporate Relations Unit} For additional Information contact: Corporate Relations Unit - telephone (202) 473-7711 - facsimile: (202) 676-0365. IFCSPI(04/04/95) Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Cifunsa, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
CG - Motor Vehicle Parts
Total: $18.00 million
18000000.00
18000000.00
Cifunsa, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/4640/cifunsa-s-a-de-c-v
XM-DAC-903-SPI-4838
International Finance Corporation
NEMAK Project
Summary Of Project Information (SPI) Project Name Mexico-Nemak Region Latin America and Caribbean Sector Project No004838 Projected Board DateJuly 30, 1995 Company NameNemak, S.A. Technical Partner and/or Major Shareholders Nemak is privately held and owned 60% by Grupo Industrial Alfa, a Monterrey-based conglomerate, and 20% each by Ford and Teksid, a wholly-owned subsidiary of Fiat. Project Cost Including proposed IFC investment US$90.2 million. Proposed IFC Investment: US$65 million. (US$24 A, US$35 B, US$6 C) Location of project and Description of site Garcia, Nuevo Leon, Mexico. The site is located in an industrial park in the western part of the city. Description of Company and Purpose of Project Nemak, S.A. is the leading Mexican producer of aluminum cylinder heads for automotive engines. IFC has been asked to help finance the expansion and modernization of Nemaks manufacturing operations, including an upgrading of its environmental facilities. Environmental Category and Issues This is a category B project according to IFCs environmental review procedure. Environmental and occupational and health issues associated with this project include air emissions, liquid effluent treatment and discharge, solid waste recycling, spill prevention and control, fire protection and emergency response. The Nemak expansion will use natural gas supplied via local pipeline network. Natural gas is a clean energy supply and the air emissions will be in compliance with both local requirements and World Bank guidelines. Cooling water is recycled in a closed system and liquid effluents will be treated to comply with local requirements and World Bank guidelines. Treated wastewater will be used for irrigation within the site. Solid and industrial waste in the form of aluminum chips and refuse will be collected and recycled as raw material. A contingency plan, including an emergency evacuation plan, has been prepared to address potential spills and related emergencies. The manufacturing process involves high temperatures and proper fire fighting equipment, fire alarms and training in fire fighting is foresee. IFC will ensure ongoing compliance with World Bank guidelines during the life of the project by evaluating monitoring reports submitted annually to IFC by Nemak and by conducting periodic supervision. The is June 19, 1995 from the Public Information Center. Host country location of environmental documents P.O. Box A-100, Monterrey, Nuevo Leon, C.P. 66000 Mexico Date SPI sent to PIC June 19, 1995 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Nemak, S.A.B. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
CG - Motor Vehicle Parts
Total: $30.00 million
30000000.00
0.00
30000000.00
Nemak, S.A.B. de C.V.
0.00
Nemak, S.A.B. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/4838/nemak-project
XM-DAC-903-SPI-4916
International Finance Corporation
GENERAL HIPOTECARIA
Summary Of Project Information (SPI) Project Name Mexico - General Hipotecaria Region Latin America and Caribbean Sector Project No004916 Projected Board DateNovember 28, 1996 Company NameGeneral Hipotecaria, S.A. de C.V. (GH) Technical Partner and/or Major Shareholders The projects sponsors are Mr. Jose Manuel Rivero, a prominent Mexican banker, and his business partner, Mr. Luis Contreras, an experienced accountant and financial specialist, who together manage the Company. The U.S. Federal National Mortgage Association (Fannie Mae) is being considered for the role of the Companys technical partner. Project Cost Including proposed IFC investment US$8 million, including a proposed IFC equity investment of US$2 million Location of project and Description of site The project is located in Mexico City and will provide residential mortgage-related financial services throughout Mexico. Description of Company and Purpose of Project GH is a recently-formed Mexican private second-tier home mortgage bank, whose purpose is to develop the secondary market for home mortgages and mortgage-backed securities in Mexico. The project will be the first local-currency mortgage securitization operation in Mexico. IFCs institution-building role is important, given the need to strengthen the institutional framework for home mortgages in Mexico. The project will include an assessment of the Mexican secondary mortgage market and IFC assistance, in collaboration with the IBRD, to federal and state authorities to strengthen the housing finance framework. Environmental Category and Issues This is a category C project according to IFCs environmental review procedures. No further environmental review is required. Date SPI sent to PIC October 28, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365
General Hipotecaria, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
EA - Primary Mortgage Institutions
Total: $2.50 million
2500000.00
2500000.00
General Hipotecaria, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/4916/general-hipotecaria
XM-DAC-903-SPI-7053
International Finance Corporation
Grupo Industrial Bimbo, S.A. de C.V.
Summary Of Project Information (SPI) Project Name Mexico-GIBSA III Region Latin America and Caribbean Sector Project No007053 Projected Board DateSeptember 28, 1995 Company NameGrupo Industrial Bimbo, S.A. de C.V. Technical Partner and/or Major Shareholders Servitje, Sendra and Mata Roman families. Project Cost Including proposed IFC investment US$200.4 Proposed IFC investment: A Loan of US$20 million Asset backed certificate: US$5 million C Loan of US$30 million Location of project and Description of site Mexico. Project sites include various locations in different parts of Mexico. Description of Company and Purpose of Project The company produces, markets and distributes prepackaged bread and bakery products. The purpose of the project is to assist the Company in financing the modernization and expansion of its production and distribution facilities. Environmental Category and Issues This is a category B project according to IFCs environmental review procedure. Environmental, health and safety issues include air emissions, liquid effluents, solid wastes, and general employee training, and health and safety. IFC will ensure that (i)GIBSA designs and operates this project in compliance with all pertinent Government of Mexico and local standards as well as the World Bank guidelines; (ii) by evaluating monitoring reports submitted annually to IFC by GIBSA; and (iii) by conducting periodic supervision. The is from the Public Information Center. Date SPI sent to PIC September 11, 1995 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
GRUPO BIMBO, S.A.B. DE C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AI - Other Food
Total: $35.00 million
35000000.00
35000000.00
GRUPO BIMBO, S.A.B. DE C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7053/grupo-industrial-bimbo-s-a-de-c-v
XM-DAC-903-SPI-7251
International Finance Corporation
Grupo IRSA, S.A. de C. V.
Summary Of Project Information (SPI) Project Name Mexico-Grupo Irsa, S.A. de C.V. Region Latin America Sector Project No007521 Projected Board DateOctober 30, 1995 Company NameGrupo Irsa S.A. de C.V. (GIRSA) Technical Partner and/or Major Shareholders GIRSA is a fully-owned subsidiary of Sociedad de Fomento Industrial, S.A. de C.V. (Desc), a large industrial conglomerate in Mexico. The company has major market shares in carbon black, synthetic rubber and chemical consumer products in Mexico. Desc is a diversified holding company with four principal subsidiaries active in automotive parts, chemicals, agribusiness and real estate, respectively Unik, GIRSA, Agrobios and Dine. Project Cost Including proposed IFC investment The project consists of a US$100 million investment program for modernization and expansion. IFC has been asked to structure a bankable financial package and provide a US$60 million loan, of which US$30 million would be for the account of participating banks. Location of project and Description of site GIRSAs production facilities are located in Altamira (synthetic rubber, carbon black), Salamanca (adhesives, sealants), Coatzacoalcos (phosphates, polystyrene), Tlaxcala (polystyrene), Lechería (phosphates, emulsions), Vallejo (adhesives),Lerma (adhesives,laminates), Ocoyoacac (acrylics), San Luis Potosí (acrylics), Cosoleacaque(phenol, acetone, methylmethacrylate), Tula (acetone), Atlacomulco (pharmaceuticals), Zitacuaro (laminates), Morelia (sealants) and Querétaro (pigments). Description of Company and Purpose of Project Grupo Irsa S.A. de C.V. (GIRSA) is a major producer of synthetic rubber, carbon black, adhesives and sealants for industrial and consumer purposes, phosphates, polystyrene, acrylics, emulsions, pigments and decorative laminates. GIRSA is the only supplier of synthetic rubber and carbon black in Mexico and has a dominant position in the adhesive and sealant markets. The project consist of a US$100 million investment program designed to improve GIRSAs overall competitiveness by debottlenecking capacity, increasing energy efficiency and consolidating production facilities. The project will also reduce the environmental impact of GIRSAs operations and enhance safety by relocating plants from densely populated areas near Mexico City to distant industrial areas and eliminating the inland transport of hazardous chemicals. Environmental Category and Issues This is a category B project for the purpose of environmental review . Issues include air emissions, liquid effluents, spill prevention, solid and liquid wastes, fire prevention and emergency response, and control of employee exposure to chemical substances. GIRSA has established an effective Environmental, Health and Safety (EH&S) group called CASH (Control Ambiental, Seguridad e Higiene). CASH, in full cooperation with local authorities, periodically reviews EH&S matters at all facilities. CASH works closely with GIRSA management to identify actions required to ensure that all facilities meet relevant governmental and World Bank requirements; these actions are being organized into a Corrective Action Plan for review by IFC. For any facility to be closed as a result of the relocation program, GIRSA establishes a closure plan to address potential EH&S issues and take any remedial actions needed to meet governmental requirements. The is September 15, 1995 from the Public Information Center. Date SPI sent to PIC August 25, 1995 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 This SPI was mistakenly submitted on 8/25/95 as No. 004154. It was revised on 6/9/97 after correction note of actual project number (007251)was received from Ismail Samji. Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
GRUPO KUO SAB DE CV
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BC - Carbon Black
Total: $40.00 million
40000000.00
40000000.00
GRUPO KUO SAB DE CV
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7251/grupo-irsa-s-a-de-c-v
XM-DAC-903-SPI-7427
International Finance Corporation
Banco Bilbao Vizcaya-Mexico, S.A.
Summary Of Project Information (SPI) Project Name Mexico-Banco Bilbao Vizcaya-Mexico Region Latin America and the Caribbean SectorFinancial Services Project No07427 Projected Board DateNovember 15, 1996 Company NameBanco Bilbao Vizcaya-Mexico (BBV-Mexico) Technical Partner and/or Major Shareholders BBV-Mexico is a wholly-owned subsidiary of Grupo Financiero BBV*Probursa (BBV*Probursa), which is 63% controlled by Banco Bilbao Vizcaya (BBV) of Spain. IFC has a 0.53% interest in BBV-Mexico. Project Cost Including proposed IFC investment Up to US$110 million including (a) an up to US$80 million Restructuring Credit Line (RCL) to BBV-Mexico, and (b) an up to US$30 million Subordinated Convertible Loan (SCL) to BBV-Mexico. The RCL would have a tenor of up to ten years including a two year grace period. US$10 million of the RCL will be dedicated to the States of Chiapas and Oaxaca. The SCL would have a tenor of up to seven years with a bullet repayment, and would be convertible into common shares of BBV*Probursa. Location of project and Description of site Mexico Description of Company and Purpose of Project BBV-Mexico is Mexicos ninth largest commercial bank offering a full range of banking and financial services to both corporate and retail clients. The Bank came under the control of BBV in 1995 following a large capital restructuring program designed in large part to re-capitalize BBV-Mexico following the rapid deterioration of its loan portfolio in the wake of the peso devaluation. Many of BBV-Mexicos viable medium-scale corporate clients continue to suffer from the effects of the adverse economic environment prevailing since the devaluation. The RCL aims to assist BBV-Mexico in the financial restructuring of these enterprises by providing long-term funds not otherwise available to BBV-Mexico. In so doing, the RCL will assist these enterprises in restoring their operations to normal. IFC will play a role in the implentation of the RCL including project selection, appraisal and structuring. The SCL aims to improve the capitalization of BBV-Mexico through the injection of Tier II capital. Environmental Category and Issues This is a Financial Intermediary category project according to IFCs environmental review procedure. Companies receiving financing under the project through BBV-Mexico will be required to comply with applicable Mexican environmental, health and safety requirements, and World Bank environmental policies and guidelines. Date SPI sent to PIC October 15, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365
Banco Bilbao Vizcaya-Mexico, S.A.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Commercial Banking - General
Total: $110.00 million
110000000.00
110000000.00
Banco Bilbao Vizcaya-Mexico, S.A.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7427/banco-bilbao-vizcayamexico-s-a
XM-DAC-903-SPI-7527
International Finance Corporation
Banco Nacional de Mexico
Summary Of Project Information (SPI) Project Name Mexico-Banco Nacional de Mexico Loan Restructuring Facility Region Latin America and the Caribbean Sector Project No007527 Projected Board DateJune 18, 1996 Company NameBanco Nacional de Mexico Technical Partner and/or Major Shareholders Banco Nacional de Mexico is the largest commercial bank in Mexico with assets of approximately US$28.5 billion and a net worth of US$2.4 billion as of March 31, 1996. Project Cost Including proposed IFC investment The total size of the Facility is expected to range between $200-300 million. IFC own investment will range between $75-100 million. The rest of the financing will be arranged by way of a syndicated IFC B Loan. Location of project and Description of site Mexico. Description of Company and Purpose of Project Banamex is Mexicos largest commercial bank offering the full range of banking and financial services to a broad spectrum of corporate as well as retail customers throughout Mexico. Banamexs clients include a large number of potentially viable middle market companies which have been adversely affected the by the economic crisis that followed the Peso devaluation. Through this project IFC will provide substantial long-terms funds, not otherwise available to Banamex, for on-lending to such middle market companies as part of their financial Restructuring and restoration to normal operations. The Facility will also help in the development of domestic asset-securitization capacity in Mexico. Environmental Category and Issues This is an environmental review category Financial Intermediary project. Companies receiving financing under the project through Banamex will be required to be in compliance with relevant environmental, occupational health and safety guidelines of the World Bank and the Government of Mexico. Date SPI sent to PIC May 18, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365
BANCO NACIONAL DE MEXICO SA
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Commercial Banking - General
Total: $100.00 million
100000000.00
100000000.00
BANCO NACIONAL DE MEXICO SA
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7527/banco-nacional-de-mexico
XM-DAC-903-SPI-7544
International Finance Corporation
Cifunsa, S.A. de C.V.
Summary Of Project Information (SPI) Project Name Mexico-Cifunsa, S.A. de C.V. - Diesel Project Region Latin America and Caribbean Sector Project No007544 Projected Board DateJuly 1, 1996 Company NameCifunsa, S.A. de C.V. (Cifunsa) Technical Partner and/or Major Shareholders Cifunsa is 100%-owned by Grupo Industrial Saltillo, S.A. de C.V., (GIS) a diversified Mexican company engaged in the manufacture of specialized automotive castings, ceramics, cookware, and tableware. GISs shares are owned 85% by the Groups original founders, the López family of Saltillo, while the remaining 15% are held by the general public and are traded on the Mexican stock exchange. Project Cost Including proposed IFC investment US$65 million, of which IFCs proposed investment is US$45 million (US$20 million A loan, US$20 million B loan, US$5 million C loan.) Location of project and Description of site Saltillo, State of Coahuila, Mexico. The site is located in an industrial corridor on the northern side of the city. Description of Company and Purpose of Project Cifunsa is the leading Mexican producer of cast iron engine blocks and cylinder heads for the North American automotive industry. The Companys expansion program which will allow it to both diversify its engine component manufacturing operations through entry into the diesel engine market for agricultural and commercial vehicles as well as reduce its operating costs. Cifunsas expansion project will involve the installation of (i) a production line dedicated to the manufacture of engine blocks and cylinder heads for the North American diesel engine market; and (ii) a sand reclamation facility to enable the recycling of sand used in the process of molding engine blocks. IFCs financing provides Cifunsa with long-term financing which is not available from other sources for second-tier Mexican companies, and is part of IFCs strategy of assisting medium-sized Mexican companies with strong exports and growth potential. IFCs continued involvement with Cifunsa helps to pave the way for a planned ADR issue by GIS, and generates much needed foreign exchange and employment for Mexico. Environmental Category and Issues This is a category B project according to IFCs environmental review procedure. Environmental issues associated with this project include: air emissions; liquid effluents; solid waste disposal; employee exposure to dust, molten metal, and noise. The new facilities will be installed in existing industrial sites. A detailed environmental audit of the Companys three factories in the Saltillo area was carried out in 1994 as part of an earlier IFC investment, and a number of deficiencies were identified. The Company provided IFC with a Corrective Action Plan, which included plans to close Plant 1, the oldest plant, by the end of 1996. Cifunsa committed to implement the Corrective Action Plan as part of the Investment Agreement dated July 21, 1995. Appraisal of the new investment will include a detailed review of progress made to date in this area. The is June 15, 1996 from the Public Information Center. Date SPI sent to PIC April 19, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676 -0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Cifunsa, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Iron and Steel Foundries/Castings
Total: $21.00 million
21000000.00
21000000.00
Cifunsa, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7544/cifunsa-s-a-de-c-v
XM-DAC-903-SPI-7552
International Finance Corporation
Grupo Minsa, S.A. de C.V.
Summary Of Project Information (SPI) Project Name Mexico-Grupo Minsa, S.A. de C.V. Region Latin America Sector Project No007552 Projected Board DateSeptember 13, 1996 Company NameGrupo Minsa, S.A. de C.V. Technical Partner and/or Major Shareholders Grupo G, controlled by the Gomez-Flores family. Project Cost Including proposed IFC investment US$80.0 million. IFC investment $20 million A Loan for its own account; $30 million B Loan; and $10 million in equity. Location of project and Description of site Mexico. Project sites include various locations in different parts of Mexico. Description of Company and Purpose of Project The project entails the financing of (i) the expansion of Minsas production facilities in Mexico; (ii) an increase in the Companys working capital; and (iii) the retailoring of a portion of the short-term debt. The company produces, markets and distributes prepackaged corn flour, which is used primarily in the production of tortillas. The purpose of the project is to assist the Company in financing the modernization and expansion of its production and distribution facilities. Environmental Category and Issues Environmental Unit has ranked this project a category B project. The increased use of the Companys corn flour made possible by the project would provide ancillary environmental benefits since tortillas made with corn flour result in reduced amounts of pollution compared to the traditional production method. The is from the Public Information Center. Date SPI sent to PIC July 29, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Grupo Minsa, S.A.B. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Grain Processing (Milling, Starch, Flour, Malt)
Total: $30.00 million
20000000.00
10000000.00
20000000.00
Grupo Minsa, S.A.B. de C.V.
10000000.00
Grupo Minsa, S.A.B. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7552/grupo-minsa-s-a-de-c-v
XM-DAC-903-SPI-7904
International Finance Corporation
Comercializadora la Junta Marine Terminal
Summary Of Project Information (SPI) Project Name Mexico - Comercializadora La Junta Marine Terminal Region Latin America and Caribbean Sector Project No007904 Projected Board DateMay 15, 1997 Company NameComercializadora La Junta S.A. de C.V. Technical Partner and/or Major Shareholders The shareholdings in Comercializadora La Junta S.A. are: Mr. Julio Cesar Gomez (50%), a Mexican businessman whose family has been involved in the vegetable oil business for over 60 years as controlling shareholders of Aceitera La Junta, a processor and distributor of edible oils; and Saskatchewan Wheat Pool (50%), a diversified Canadian agribusiness company engaged in a broad range of agribusiness-related activities including the operation of dry bulk marine terminals. Project Cost Including proposed IFC investment The total project cost is currently estimated to be US$24.0 million. IFC''s proposed investments include: an A Loan of up to US$4.0 million; a B Loan of up to US$7.0 million; and a subordinated C Loan of up to US$2.5 million. Location of project and Description of site The project will be located within the Port of Manzanillo, on the Pacific coast of Mexico, on a 4 hectare waterfront site alongside an existing wharf. Description of Company and Purpose of Project Comercializadora La Junta will build and operate a specialized marine terminal for handling grain, under a 20-year concession granted by the Port Authority of Manzanillo. The Project will include the construction of a grain terminal, one 1000 mtph capacity ship unloader, three 20,000 mt capacity storage domes, a maneuver yard containing five spur lines for holding loaded and empty rail hopper cars, and a 500 mtph capacity rail car loader. Manzanillo is especially well suited to be the point of entry for a portion of the more than 10 million mt of grains which Mexico imports each year by land and sea. The port of Manzanillo is a natural deep draft port, and is situated at the center of the most important industrial zone in the country for the processing of agricultural products, comprising the states of Jalisco, Aguas Calientes, Guanajuato, Queretaro, Michoacan, Colima and Nayarit. The project is expected to reduce the all-in cost of transport of grains which are imported into this industrial zone, thereby reducing input costs for local grain processors and poultry and pig raising operations. Environmental Category and Issues This is a category B project according to IFCs environmental review procedure. Environmental issues associated with this project include air emissions, liquid effluents, spill prevention, solid wastes and protection of marine resources. Occupational, health and safety issues include fire prevention and emergency response, employee training, employee exposure to noise, dust and hazardous substances. An environmental and safety audit of the proposed facility will be required upon completion of the project. The is from the Public Information Center. Date SPI sent to PIC April 10, 1997 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Comercializadora La Junta S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BB - Port and Harbor Operations
Total: $6.00 million
6000000.00
6000000.00
Comercializadora La Junta S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7904/comercializadora-la-junta-marine-terminal
XM-DAC-903-SPI-8184
International Finance Corporation
Forja de Monterrey, S.A. de C.V.
Summary Of Project Information (SPI) Project Name Mexico-Forja de Monterrey, S.A. de C.V. (Forja) Region Latin America and Caribbean Sector Project No008184 Projected Board DateOctober 3, 1997 Company NameForja de Monterrey, S.A. de C.V. Technical Partner and/or Major Shareholders The project sponsor is Grupo Quimmco, S.A. de C.V. (Quimmco), a comparatively small and young industrial group based in Monterrey, Mexico. Quimmco has interests in the automotive, chemical and construction industries. Automotive industry operations account for over 90% of the groups sales, and Quimmco presently operates two foundries in partnership with Teksid (Fiat). Project Cost Including proposed IFC investment Approximately US$50 million, including US$12 million IFC A Loan, a US$12 million IFC B Loan, and US$3 million of IFC equity. Location of project and Description of site The proposed forge will be located in Ciudad Escobedo, near Monterrey in northern Mexico. The site is located adjacent to another of Quimmcos automotive operations in an industrial area of the town. Description of Company and Purpose of Project Forja will focus on the production of large forged automotive components, specifically the production of I-beam front axles for heavy trucks and crankshafts for large diesel engines, but adaptable also to other heavy forgings. The plant will have a design capacity of 24,300 metric tons of forged products per year. The plant will be highly automated, allowing for greater process efficiency and quality at a lower cost than existing producers. North American forge capacity has declined continuosly over the past two decades, as obsolete, small scale in-house presses have proven unable to compete against lower-cost specialized forging shops located predominantly overseas. In particular, the NAFTA market today outsources the majority of of its class 5-8 truck front axle I-beams and crankshafts from suppliers in India, Hungary, Brazil, and Japan. The sponsors believe that a Mexican supply source for high quality forgings would be a new strategic platform to service the North American truck and heavy machinery industry, able to compete on cost, quality and delivery time. Environmental Category and Issues This is a category B Project according to IFCs environmental review procedure procedure. Environmental issues associated wih this project include: air emissions; liquid effluents; and occupational health and safety. Air emissions will be limited by use of electrical induction heating and natural gas. Liquid effluents will be recycled for irrigation. Solid waste is limited to mainly inert substances which will be handled by authorized companies. The is available from the Public Information Center. Date SPI sent to PIC August 21, 1997 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Forja de Monterrey, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
CG - Motor Vehicle Parts
Total: $16.00 million
13000000.00
3000000.00
13000000.00
Forja de Monterrey, S.A. de C.V.
3000000.00
Forja de Monterrey, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8184/forja-de-monterrey-s-a-de-c-v
XM-DAC-903-SPI-8237
International Finance Corporation
Merida III - 400 MW gas fired
Summary Of Project Information (SPI) Project Name Mexico-Merida III Region Latin America and Caribbean Sector Project No008237 Projected Board DateJune 23, 1997 Company NameAES Merida III, s. de R. L. de C. V. (AES Merida III) Technical Partner and/or Major Shareholders The AES Corporation (55%), Nichimen Corporation (25%) and Grupo Hermes S. A. de C.V. (20%) are the shareholders and will be the sole owners of Merida III. Project Cost Including proposed IFC investment The project cost is estimated at US$230 million. It is contemplated that IFC invest up to US$21 million in an A Loan and up to US$82.5 million in a B Loan. IFC may commit up to $27 million through a liquidity back-stop facility to enable extending the B Loan maturities. Location of project and Description of site The Project will be located near the city of Merida, in the Yucatan Province of Mexico. The Project consists of two Westinghouse Electric Corporation (Westinghouse) 501F turbines with dual fuel (gas and distillate) capability. Both units of the project are expected to be completed by February, 2000. Description of Company and Purpose of Project The Project is to build, own and operate (BOO) a greenfield, 484 MW gas turbine combined cycle generation facility. The Project consists of two Westinghouse Electric Corporation 501F turbines with dual fuel (gas and distillate) capability. The Project will be constructed by Westinghouse under a turnkey contract. The Project will sell power to Comisión Federal de Electricidad (CFE), the Mexican electric utility, under a 25-year take-or-pay Power Purchase Agreement. AES Merida III will be the first non-captive private investment since the nationalization of the Mexican Power sector in 1960. Through this private initiative, which conform to the policies being espoused by IBRD, it is expected that IFC and IBRD will have a larger influence on the privatization and regulatory reform measures for the power sector, which are currently underway. Further, the AES Merida III project ideally suits IFCs emphasis of developing demonstration projects in countries at the threshold of opening up power sector such as Mexico. Environmental Category and Issues This is a category A project under IFC''s environmental review procedure. Environmental issues associated with this project include air emissions, noise, land use, water supply, liquid effluents, fuel transportation, socio-economic impacts and worker safety. The Environmental Assessment was prepared by an independent environmental consulting firm for Comision Federal de Electricidad (CFE) on behalf of the successful bidder in 1994. The sponsor prepared an Executive Summary of the EA which updates the project characteristics and analyzes the project with respect to World Bank policies and environmental guidelines. These were released to the World Bank Public Information Center in April 1997. The sponsor is also consulting and disclosing the EA in country. The use of natural gas as primary fuel will result in inherently low SOx and particulate emissions. NOx emissions are reduced by dry low NOx combustors. The flue gas will be emitted by a 76 meter stack. The project site is in an existing industrial park and the closest residential area is over 1 km away from the site boundary. The related facilities such as transmission lines and natural gas pipeline to supply fuel to the project are responsibilities of CFE. IFC''s due diligence will include environmental aspects of these related facilities. The Environmental Assessment is from the Public Information Center. Host country location of environmental documents AES Merida III Paseo de Montejo Merida, Mexico Date SPI sent to PIC May 20, 1997 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
AES Mérida III, S. de R.L. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AB - Gas - Thermal Power Generation
Total: $30.00 million
30000000.00
30000000.00
AES Mérida III, S. de R.L. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8237/merida-iii-400-mw-gas-fired
XM-DAC-903-SPI-8383
International Finance Corporation
Punta Langosta Cruise Ship Terminal
Summary Of Project Information (SPI) Project Name Mexico-Punta Langosta Cruise Ship Terminal Region Latin America and Caribbean Sector Project No008383 Projected Board DateFebruary 16, 1998 Company NameTerminal de Cruceros Punta Langosta, Cozumel, S.A. de C.V. Technical Partner and/or Major Shareholders Empresas ICA Sociedad Controladora, S.A. de C.V., Mexico (Empresas ICA). Empresas ICA is a Mexican holding company that includes the largest construction company in Mexico and is involved in industry, urban works, manufacturing, capital goods, tourism and extraction and marketing of construction materials. Project Cost Including Proposed IFC Investment Estimated project cost is US$19.6 million. The proposed IFC investment would include an A Loan of up to US$4 million, a B Loan of up to US$7 million and an equity investment of up to US$1 million. Location of Project and Description of Site The proposed terminal will be constructed adjacent to San Miguel, the only city on Cozumel, where the commercial infrastructure of the island is located, and will consist of a pier and a land terminal. The pier will be L-shaped and will have two docking positions which can receive both third generation cruise ships (42,000 tons, 180 meters, carrying up to 750 passengers) and fourth generation cruise ships (75,000 tons, 300 meters, carrying up to 2,200 passengers). Description of Company and Purpose of Project (include IFCs Role and Development Impact) The Project will comprise the construction and operation of a cruise ship terminal under a 25-year concession from the Administración Portuaria Integral de Quintana Roo, S.A. de C.V. Operation is expected to begin in January 1999. As a consequence of the steady growth in cruise ship arrivals, Cozumel now lacks sufficient docking capacity for arriving cruise ships. The proposed Project, along with one existing terminal and another currently under construction, will remove the docking bottleneck. Cruise ship tourism can bring high revenues to ports and make a significant contribution to state, national and regional economies. Tourism is Cozumels principal industry. IFCs investment would reinforce the efforts of the Government of Mexico to decentralize its port administration and open the port sector to private entrepreneurs and will secure limited-recourse private finance for the provision of cost-effective infrastructure services. IFCs support will be directed to a greenfield project arising at the initiative of local governmental authorities. Environmental Category and Issues This is an environmental review category B project. Key environmental, health and safety impacts of the project analyzed were air emissions, liquid effluents, spill prevention, solid waste disposal, protection to coastal resources, fire prevention and emergency response and general employee safety. The sponsor prepared an environmental impact assessment as required by the local authorities. Copy of this document was submitted to IFC. The sponsor will implement the recommendations given in the EIA. Based on its review of available information regarding potential environmental impacts and proposed mitigation measures, IFC concludes that the proposed project is being designed to meet Government of Mexico requirements, as appropriate, and World Bank policies, and environmental, health and safety guidelines. The is from the Public Information Center. Date SPI sent to InfoShop January 16, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Terminal de Cruceros Punta Langosta, Cozumel, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BB - Port and Harbor Operations
Total: $5.00 million
4000000.00
1000000.00
4000000.00
Terminal de Cruceros Punta Langosta, Cozumel, S.A. de C.V.
1000000.00
Terminal de Cruceros Punta Langosta, Cozumel, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8383/punta-langosta-cruise-ship-terminal
XM-DAC-903-SPI-8436
International Finance Corporation
ZN Mexico Capital Growth Fund (Monarca Fund)
Summary Of Project Information (SPI) Project Name Mexico - ZN Mexico Capital Growth Fund Ltd Region Latin America and the Caribbean Sector Project No008436 Projected Board DateDecember 22, 1997 Company NameZN Mexico Capital Growth Fund Ltd, ZN Management Ltd Technical Partner and/or Major Shareholders The Fund is sponsored by Nexxus Capital (Nexxus), an investment banking advisory company established by a group of experienced Mexican professionals and Zephyr Management Inc. (Zephyr), a US private equity management firm. Nexxus Principals are led by Mr. José Juan Alvarez, 48, who is a managing partner of Nexxus and a former head of corporate banking at Grupo Financiero GBM Atlantico. Zephyr is headed by Mr. Thomas C. Barry the former CEO of Rockefeller & Co. Project Cost Including proposed IFC investment The fund is expected to range between, US$ 50 - 75 million. IFC will invest US$15 million or 20%, whichever is less, of the total capitalization of ZN Mexico Capital Growth Fund Ltd, and up to 20% of ZN Management Ltd the management company of the fund. Location of project and Description of site Mexico Description of Company and Purpose of Project The project consists of setting up a ten-year, US$75 million private equity fund targeting Mexican small and medium-sized enterprises (SMEs) with sales no greater than US$100 million. The Funds principal investment strategy is to take significant equity interests in SMEs with strong growth potential and needing financial restructuring, risk capital strengthening and/or managerial assistance. IFC through this project will help increase the flow of equity finance to Mexican SMEs and help the development of Mexicos equity market. Environmental Category and Issues This is a Financial Intermediary (FI) category project according to IFC''s environmental review procedure. The Fund will be required to undertake an environmental review of eligible investee companies'' operations. In addition, IFC will assess ZN Management capability to carry out environmental reviews of each investee company. Date SPI sent to PIC November 10, 1997 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 L:\CLACM\MARTELLI\ZNFUND\ZNSPI.DOC November 7, 1997 4:53 PM
ZN Mexico Capital Growth Fund Ltd.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BA - Private Equity/Venture Cap Fund - Country
Total: $30.00 million
30000000.00
30000000.00
ZN Mexico Capital Growth Fund Ltd.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8436/zn-mexico-capital-growth-fund-monarca-fund
XM-DAC-903-SPI-8437
International Finance Corporation
Grupo Calidra, S.A. de C.V.
Summary Of Project Information (SPI) Project Name MEXICO - Grupo Calidra, S.A. de C.V. Region Latin America and the Caribbean Sector Project No008437 Projected Board DateDecember 1, 1997 Company NameGrupo Calidra, S.A. de C.V. Technical Partner and/or Major Shareholders The Riefkohl family. Project Cost Including proposed IFC investment The total project cost is estimated at US$43.0 million. The proposed IFC investment would total US$28 million and would consist of (i) a US$12 million A loan and a US$6 million equity subscription both for IFCs own account and (ii) a US$10 million B loan for account of participant banks. Location of project and Description of site Mexico. Project sites include various locations in different parts of Mexico. The greenfield facility will be located in Puebla. Description of Company and Purpose of Project The Company is the largest lime producer in Mexico. Lime is used extensively in the construction industry, in steel manufacturing, and in numerous other chemical and industrial applications. The purpose of the project is to assist the Company in the financing of: (i) the modernization and expansion of its existing facilities; and (ii) the construction of a greenfield lime plant. Environmental Category and Issues Environmental Unit has ranked this project a category B project. Environmental upgrades are underway at several of the Companys plants. These activities and other commitments by Calidra will bring the existing operations into compliance with World Bank guidelines. The new plant in Puebla will be designed to meet the World Bank guidelines. The is October 31, 1997 from the Public Information Center. Date SPI sent to PIC October 23, 1997 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Grupo Calidra, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
CA - Miscellaneous and Industrial Ores (Including Magnesite, Fluorite, Sulfur, Soda Ash, Clays, Gypsum, Lime, Peat, Boron, Diatomite, Feldspar, etc.)
Total: $18.00 million
12000000.00
6000000.00
12000000.00
Grupo Calidra, S.A. de C.V.
6000000.00
Grupo Calidra, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8437/grupo-calidra-s-a-de-c-v
XM-DAC-903-SPI-8971
International Finance Corporation
Grupo Industrial Ayvi S.A. de CV
Summary Of Project Information (SPI) Project Name Mexico Grupo Ayvi Region Latin America and the Caribbean Sector Food and Agribusiness Project No008971 Projected Board DateJune 16, 1998 Company NameAyvi S.A. Technical Partner and/or Major Shareholders Grupo Ayvi is composed of six legally separate units with cross ownership among themselves: a) Ayvi S.A, a meat distribution company; b) Empacadora Y Beneficiadora de Carnes S.A., a poultry slaughterhouse; c)Fomento Agropecuario Y Comercial S.A., a broiler growing company; d)Pollitos Nortenos S.A., a hatchery company; e)IDEAMEX S.A., a producer of beef and chicken snacks; and f) Inmobiliaria Saviga S.A., a real estate company. The group is controlled by Santiago Villarreal Garcia, a Mexican citizen, who holds 90% of the group''s flagship unit Ayvi S.A. and the majority of the other companies. His four sons, Santiago, Eduardo, Fernando and Jorge Villarreal Ayala hold the remaining shares. Project Cost Including proposed IFC investment The three-year investment program is estimated to cost US$20.5 million, of which IFC is considering a US$10 million A loan. Location of project and Description of site The company is located in Monterrey in the state of Nuevo Leon in Northern Mexico. All its farms and production plants are located within the State of Nuevo Leon; in addition, the company has twelve distribution centers in ten Mexican states. Description of Company and Purpose of Project Grupo Ayvi is an integrated small poultry company slaughtering about 14.4 million broilers p.a. representing about 2% of the total Mexican poultry market. The Company has requested IFC''s assistance to undertake an US$18.2 million expansion, modernization and debt consolidation program. Grupo Ayvi is an SME (small and medium sized enterprise) company that needs IFCs assistance to strengthen its balance sheet by restructuring its debt while providing additional investments in fixed assets to improve its competitiveness and prosper under NAFTA. IFC will provide reasonably priced term financing to a small but promising player in the Mexican poultry sector that can benefit from IFCs expertise in the sector. IFCs investment will also bring the Companys environmental standards to required World Bank levels. Environmental Category and Issues This is a category B project according to IFCs environmental review procedure because specific impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The review of the project consisted of appraising technical and environmental information submitted by the project sponsor, and the technical appraisal and site review completed by IFCs Technical and Environment staff. The following potential environmental, health and safety impacts of the project were analyzed: air emissions and wastewater effluents; solid waste management and disposal; handling and storage of hazardous materials; use of CFCs in refrigeration equipment; hygiene practices in all facilities; fire protection and emergency response; and general worker health and safety. Based on its review of available information regarding potential environmental impacts and proposed mitigation measures, IFC concludes that Grupo Ayvis proposed project will meet World Bank environmental, health and safety policies and guidelines and requirements of the Government of Mexico. The is from the Public Information Center. Date SPI sent to PIC May 11, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Grupo Industrial Ayvi, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BB - Poultry Farming
Total: $10.00 million
10000000.00
10000000.00
Grupo Industrial Ayvi, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8971/grupo-industrial-ayvi-s-a-de-cv
XM-DAC-903-SPI-8982
International Finance Corporation
Consorcio International Hospital & Consorcio Hospitalario Internacional (CIMA)
Summary Of Project Information (SPI) Project Name MEXICO-CIMA Region Latin America & Caribbean Sector Project No008982 Projected Board DateJune 22, 1998 Company NameConsorcio S.A. de C.V. Technical Partner and/or Major Shareholders International Hospital Corporation Project Cost Including proposed IFC investment US$20 million, consisting of: (i)a US$6 million C Loan to Consorcio S.A. de C.V.; (ii) a US$7 million C Loan to Hospital Privado de Hermosillo, S.A. de C.V. (CIMA Hermosillo); and (iii) a US$7 million A Loan to Medicus S.A. de C.V. (CIMA Puebla). Location of project and Description of site Mexico, principally in the States of Chihuahua, Sonora and Puebla Description of Company and Purpose of Project Consorcio S.A. de C.V. was established in 1992 for the purpose of developing, owning and managing private healthcare facilities in Mexico. Hospitals are operated by Consorcio under the CIMA brandname. The Project is designed to strengthen Consorcios existing operations and provide it with the necessary capital to further expand its activities. The Project consists of Consorcio''s investments in affiliated hospitals, the restructuring of the debt of CIMA Hermosillo and the construction of a medical office building adjacent to the CIMA Hermosillo hospital and the construction of a new CIMA hospital and medical office building in Puebla. Environmental Category and Issues This is a category B project according to IFC''s environmental review procedure. Environmental, health and safety issues associated with the project include: handling and disposal of solid waste including medical materials (bio-hazardous waste); liquid waste treatment, including sewage; power and water supply; air emissions from boilers and electrical generators; hygiene and implementation of good hospital management practices; CFC-free air conditioning and cold storage equipment; employee health and safety training; and fire protection and safety. The review of the environmental information supplied by the Sponsor indicates a potential issue with the disposal of solid and liquid waste. In both cases, the Sponsor has agreed to a Corrective Action Plan which will bring it in line with the World Bank Guidelines. The is May 20, 1998 from the Infoshop. Date SPI sent to Infoshop May 18, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Consorcio International Hospital, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Hospitals and Clinics
Total: $4.80 million
4800000.00
4800000.00
Consorcio International Hospital, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8982/consorcio-international-hospital-consorcio-hospitalario-internacional-cima
XM-DAC-903-SPI-9040
International Finance Corporation
Grupo Aceros Corsa, S.A. de C.V.
Summary Of Project Information (SPI) Project Name: MEXICO: Corsa Mini-mill Region: Latin America and Caribbean Sector: Project No:009040 Projected Board Date:March 30, 1999 Company Name:Aceros Corsa S.A. de C.V. Technical Partner and/or Major Shareholders Aceros Corsa S.A. de C.V. ("Corsa") was established by Angel Cordoba Sanchez in 1956 in the northeast zone of Mexico City and is still owned by the founder and his family. Angel Cordoba Nieto (age 56), CEO and General Director, heads up a management team of experienced professionals. Project Cost Including proposed IFC investment Total project cost is estimated at US$ 33 million equivalent. IFC is considering a total investment of US$ 16 million, including a loan of US$ 13 million and equity/quasi-equity of US$ 3 million, both for its own account. Location of project and Description of site The proposed expansion project will be carried out on land (already purchased and leveled for construction) adjacent to the existing plant in Mexico City. Description of Company and Purpose of Project Corsa is the leading manufacturer of steel sections and merchant bars for the Mexican market. The Company also exports about 25% of its production, mainly to the U.S. Corsa plans a two-stage expansion and modernization program: a new rolling mill, followed by new steel melting and casting facilities. The proposed project is the first stage of Corsa''s expansion/modernization program: the installation of a new up-to-date continuous rolling mill. The timing of the second stage (new steel melting and casting facilities) is contingent on the worldwide outlook for steel demand and prices. Corsa is a medium-size, family owned Mexican company which does not have access to longer-term financing. By providing a long-term debt financing package with adequate terms, IFC would play a role as an agent of change in enabling the Company''s future growth and facilitating its goal to become a publicly listed company. IFC has also been actively involved in designing the project according to current market conditions and ensuring environmental awareness in bringing the plant to World Bank standards. Environmental Category and Issues This is a Category B project according to IFC''s environmental review procedure. Environmental issues associated with the Project include: direct and fugitive air emissions, liquid effluent treatment/disposal, as well as slag and ash handling/disposal. Health and safety issues include employee exposure to dust, molten metal and noise. The furnaces and boilers will be controlled to ensure air emissions compliance with the guidelines. Most of the process water is recirculated into the process and the industrial and hazardous wastes are either recirculated or sold to authorized treatment and/or disposal companies. Occupational health and safety programs will be implemented and the employees will be trained in these areas. Corsa will submit to IFC annual monitoring reports to demonstrate ongoing environmental compliance during the life of the project. The proposed Project is being designed to meet Government of Mexico requirements and World Bank guidelines. The is from the Public Information Center. Host country location of environmental documents: IFC Offices in Mexico Date SPI sent to PIC:February 16, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Aceros Corsa, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AC - Mini-Mills
Total: $16.00 million
13000000.00
3000000.00
13000000.00
Aceros Corsa, S.A. de C.V.
3000000.00
Aceros Corsa, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9040/grupo-aceros-corsa-s-a-de-c-v
XM-DAC-903-SPI-9292
International Finance Corporation
American British Cowdray Medical Center I.A.P.
Summary Of Project Information (SPI) Project Name Mexico - Hospital ABC RegionLatin America and the Caribbean Sector Project No09292 Projected Board DateApril 5, 2000 Company NameAmerican British Cowdray Medical Center I.A.P. (Hospital ABC) Technical Partner and/or Major Shareholders Hospital ABC is an Institution de Asistencia Privada (IAP) a non-profit private hospital regulated under the "Ley de Institution de Asistencia Privadas". According to this Law, IAPs must have a philanthropic objective and their profits should not be distributed but be reinvested. Hospital ABC was established in 1941 and it is governed by a Board of volunteers, all prominent Mexican and expatriate individuals. In addition to its medical reputation, the hospital prides itself on its charitable activities and runs extensive teaching and research programs. The hospital''s facilities include 200 in-patient beds and state-of-the-art medical technology. It offers a full range of diagnostic, medical and surgical services. Project Cost Including proposed IFC investment Total project cost is estimated at about US$82 million. IFC''s proposed investment is expected to be in the form of an A loan of up to US$20 million, a syndicated B loan of up to US$14 million and a Stand-by loan of up to US$10 million. Location of project and Description of site The project will be located in the Santa Fe section of Mexico City, a fast growing part of the city. The site was acquired from the Mexico City development agency. It is approximately 67,200 square meters and is empty of any construction or settlement. Description of Company and Purpose of Project The project involves the construction of a new hospital facility in Santa Fe that will complement the existing one at Observatorio. It will initially focus principally on out-patient services and will include a specialized ambulatory center (including day surgery), all related diagnostic services, a 24-hour emergency room, a preventive center, 60 beds for hospitalizations and a 100-unit medical offices building. The facility will also include a welfare clinic intended to deliver services to the poor, as per Hospital ABC''s mandate. Demand for private medical services in Mexico City has grown very fast in the last 5 years. ABC Hospital is operating at high occupancy rates and needs to increase its capacity. In addition, the new facility''s location will greatly benefit the hospital. In a large and congested city like Mexico City, the location of services is a most critical element. In a fast growing competitive environment, location constitutes one of the main criteria determining the relative comparative advantage among the four leading hospitals in Mexico City. Due to space constraints, there is no scope for expansion at the current site, which in addition is located in a slow growing area of Mexico City. The IFC financing will allow the hospital to increase its capacity and rationalize its operations. Hospital ABC will be able to serve its clients better and in a more efficient manner. IFCs long term financing is a key element of the projects financial feasibility. Finally, the proposed transaction is expected to have a demonstration effect to private banks and encourage future support of Hospital ABC and other private sector hospital projects. Environmental Category and Issues This is a category B project according to IFCs environmental and social review procedure because specific impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The review of this project consisted of appraising technical and environmental information submitted by the project sponsor, and the technical appraisal and site review completed by IFCs Technical and Environment Department staff. The is from the InfoShop. Host country location of environmental documents Mr. Santiago Vidal or Mr. Alejandro Alfonso, The American British Codray Medical Center I.A.P., Calle Sur 136 No 116 Col. Americas, Apartado Postal 18901. Delegacion Alvaro Obregon, Codigo Postal 01120 Mexico, D.F. Date SPI sent to InfoShop March 6, 2000 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
The American British Cowdray Medical Center, I.A.P.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Hospitals and Clinics
Total: $30.00 million
30000000.00
30000000.00
The American British Cowdray Medical Center, I.A.P.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9292/american-british-cowdray-medical-center-i-a-p
XM-DAC-903-SPI-9349
International Finance Corporation
Promotora de Centros Educativos S.A. de C.V.
Summary Of Project Information (SPI) Project Name Mexico - Educación RegionLatin America and Caribbean SectorSocial Services Project No009349 Projected Board DateOctober 30, 1999 Company NamePromotora de Centros Educativos S.A. de C.V. Technical Partner and/or Major Shareholders The sponsor of the project is the Legionaries of Christ, which will provide equity financing and centralized support functions. The Legion has vast experience in constructing and operating education centers in Mexico and other parts of the world. The Legion is a non-profit religious order whose primary objective is to provide quality education throughout the world. Project Cost Including proposed IFC investment The project, the first two stages of a four-stage construction plan, has an estimated cost of US$27.7 million. The proposed IFC financing consists of two A loans of US$6.5 million and US$3.2 million, corresponding to the two project stages. Location of project and Description of site The 5 schools to be built will be in the cities of Oaxaca, Durango, Morelia, Culiacan, and Cuernavaca. The Morelia and Cuernavaca sites are approximately 26,598 m2 and 63,889 m2 respectively, both sites are located in urban areas. The Durango site is 100,000 m2 and is located in a rural area. The Oxaca and Culiacan sites will require 50,600 m2 and 67,026 m2 respectively. The Oxaca site will be located in a rural area and the Culiacan site in a peri-urban area. The sponsor has indicated that the already identified sites for these two cities may change in the future. In this case, the sponsor is committed to undertake and provide IFC with details of future land acquisitions and to comply with World Bank policies and guidelines. Although not anticipated, any land acquisition requiring resettlement will be subject to the preparation of a Resettlement Action Plan to be approved by IFC prior to acquisition of the land. Description of Company and Purpose of Project The greenfield project involves the first and second stages of a four-stage plan to construct and operate five private schools in the interior of Mexico. The project will create capacity for approximately 5,200 students from pre-school through primary school. The sponsors entire four-stage construction plan will provide education through high school for approximately 9,000 total students. Promotora de Centros Educativos S.A. de C.V. has been established as the holding company for the five schools. The project will complement the efforts of the Mexican government to provide quality primary and secondary education in the provinces, at a time when it is under severe fiscal pressure in order to maintain macroeconomic equilibrium. The additional resources mobilized for education through this project will raise the government''s ability to target its education expenditures to benefit the poor. The project will enhance Mexico''s stock of human capital by graduating a very high percentage of students who will enroll in various universities and colleges in Mexico and abroad. Private education accounts for less than 10% of the primary and secondary education market, which is quite low by international standards. The Legion, one of the most prolific private educators in Mexico, has seen a rise in demand for its services and requests from parents to open schools in their communities. With 45 years of experience constructing and operating schools, the sponsor is one of the more capable institutions to supply the unmet demand for private education. However, there is currently not a market for reasonably priced long-term debt financing to help fund an education project of this nature. Environmental Category and Issues This is a category B project according to IFCs environmental and social review procedure. Key environmental and social issues reviewed include: site selection and site environmental and social conditions (including land ownership and land use); liquid and solid waste management and disposal; source and adequacy of water supply; use of asbestos-containing building materials; CFCs; and fire protection and life safety. Land acquisition was on willing seller willing buyer basis. The Legion is committed to undertake and provide IFC with details of future land acquisitions and to comply with World Bank policies and guidelines. Although not anticipated, any land acquisition requiring resettlement will be subject to the preparation of a Resettlement Action Plan to be approved by IFC prior to acquisition of the land. Liquid waste (including sewage) will be treated at the municipal wastewater treatment plant, except in Oaxaca, where Educacion will use septic and absorption tanks. The Legion will establish a recycling program. The non-recycling waste will be disposed of at the municipal landfill. The Legion has committed to conduct an independent fire safety audit and implement all recommended mitigation measures. The facilities will be designed to meet National Fire Protection Association (NFPA) standards. The is available from the InfoShop. Host country location of envrionmental documents: Cuernavaca: Instituto Highlands Casandra # 97, Col. Delicias Cuernavaca, Morelos C.P. 62330 Atn. Srita. Beatríz Molina Durango: Instituto McKinley Bvd. Francisco Sarabia # 412, Zona Centro Durango, Durango C.P. 34000 Atn. Lic. Alejandro Gómez Retes Oaxaca: Instituto McKinley Héroes de Chapultepec # 413, Col. Xochimilco Oaxaca de Juárez, Oaxaca C.P. 68000 Atn. Sra. Marcela Navarro de Jarquin Culiacán: Instituto Andes Ciudades Hermanas # 287 Ote. Col. Guadalupe Culiacán,Sinaloa C.P. 80040 Atn. Srita. Karime Alle Arrechavaleta Morelia: Instituto Kilimanjaro Calz. Ventura Puente # 557, Col. Chapultepec Nte. Morelia, Michoacán C.P. 58260 Atn. Srita. Mónica Pacheco Mrtínez Date SPI sent to InfoShop September 30, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
PROMOTORA DE CENTROS EDUCATIVOS DE OCCIDENTE A.C.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Elementary and Secondary Schools
Total: $9.70 million
9700000.00
9700000.00
PROMOTORA DE CENTROS EDUCATIVOS DE OCCIDENTE A.C.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9349/promotora-de-centros-educativos-s-a-de-c-v
XM-DAC-903-SPI-9357
International Finance Corporation
Baring Mexico Private Equity Fund (Capital Increase)
Summary Of Project Information (SPI) Project Name Mexico-Baring Mexico Private Equity Fund Capital Increase (Baring Mexico Fund II) Region Latin America and Caribbean Sector Project No009357 Projected Board DateDecember 17, 1998 Company NameBaring Mexico Private Equity Fund, L.P. Technical Partner and/or Major Shareholders The investors in The Baring Mexico Private Equity Fund, L.P. (BMPEF or the Fund) consist of IFC (25%), Nafinsa (20%), ING (22%), FMO (13.8%), IIC (13.8%), and AFIS (5.4%). IFC also has a 10% interest in Baring Mexico (GP) Limited (BMGP), the general partners of BMPEF. Baring Private Equity Partners (Mexico), S.C. (BPEPMEX) is the advisory/management company. Its shareholders consist of Baring Private Equity S.A., the Spanish affiliate of the Baring Groups global private equity operations (89.8%), IFC (10%), and the General Manager of BPEPMEX. Project Cost Including Proposed IFC Investment A US$13.64 million to US$23.64 million increase in the Fund''s total committed capital, including up to US$5.91 additional committed capital by IFC for up to 25% of BMPEF. In addition, IFC would have co-investment rights for up to US$10 million to co-invest with the Fund in selected portfolio companies. IFC would also invest up to US$ 60,000 for capitalization of the management company. BMPEF currently has total committed capital of US$36.36 million. Location of Project and Description of Site Mexico City, Mexico. Description of Company and Purpose of Project The Fund, which began operations in May 1996, takes significant minority equity stakes in unlisted Mexican middle-market enterprises. In view of a strong pipeline the Fund''s management would like to increase the size of the Fund to US$ 50 - 60 million. This project is consistent with IFCs strategy to promote private equity markets in the Latin America and Caribbean Region. Through equity investments and input into management and strategy the Fund provides support for restructuring and modernizing medium-sized Mexican companies. Environmental Category and Issues This is a Financial Intermediary (FI) Tier 2 project according to IFC''s environmental review procedure. The Fund Manager will continue to be required to undertake an environmental review of each subproject to ensure compliance with host country requirements, IFC environmental and social safeguard policies and, if applicable, World Bank Group environmental, health and safety guidelines. IFC clearance must be obtained prior to making any investment with IFC funds in any Category A project. In the case of direct IFC investment made pursuant to the co-investment agreement, all subprojects must meet the relevant World Bank group guidelines, be subject to IFCs disclosure of information policy and be cleared by IFC. Date SPI sent to InfoShop November 16, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384
BARING MEXICO PRIVATE EQUITY FUND L.P.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BA - Private Equity/Venture Cap Fund - Country
Total: $15.91 million
15910000.00
15910000.00
BARING MEXICO PRIVATE EQUITY FUND L.P.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9357/baring-mexico-private-equity-fund-capital-increase
XM-DAC-903-SPI-9404
International Finance Corporation
Grupo Posadas S.A. de C.V.
Summary Of Project Information (SPI) Project Name: MEXICO: Grupo Posadas V Region:Latin America and Caribbean Sector: Project No:009404 Projected Board Date:April 30, 1999 Company Name:Grupo Posadas, S.A. de C.V. Technical Partner and/or Major Shareholders Posadas is publicly traded in the Mexican Stock Exchange and, through GDRs, in the US. The Companys paid-in capital currently consists of 475,660,029 shares, of which 82% are ordinary voting shares. The remaining 18% are non-voting L-shares, the majority of which are traded as GDRs on the NASDAQ Portal System in the US. Control of Posadas is held by the Azcarraga family, which owns about 53% of the stock. Project Cost Including proposed IFC investment Total Project cost is estimated at US$185.6 million. IFC is considering a total new investment of US$80 million, including an "A" Loan of US$25 million, a "B" Loan of US$30 million, a "C" Loan of US$10 million and an equity investment of US$15 million. Location of project and Description of site The Project consists of: (i) the construction of five new hotels in Mexico, bringing in a total of 685 additional rooms; and (ii) the implementation of a debt retailoring program to replace the bridge financing incurred for the acquisition of the Caesar Park chain in South America. Out of the five new hotels, three will be managed under Fiesta Ameicana: Fiesta Americana Cabo del Sol located in the Baja Peninsula, the Explorean Costa Maya and the Explorean Kohunlich, both located in the Quintana Roo State. The other two hotels will be operated under Fiesta Inn: Fiesta Inn Ciudad Juarez located in a US border city, and Fiesta Inn Puebla la Noria, situated in Mexico'' mid center. Description of Company and Purpose of Project Posadas is the largest hotel operator in Mexico with respect to number of hotels, rooms and geographic coverage. The Company operated a total of 51 hotels representing 11,098 rooms at 31 destinations in Mexico, Brazil, Argentina and the US, serving a broad base of vacation and business travelers. The new hotel investment will enhance Posadas leadership by (i) increasing the number of its foreign currency earning coastal properties, (ii) expanding its presence in the underserved mid-sized urban city market, and (iii) allowing the Company to enter into a new market niche, the soft eco-tourism hotel concept developed in-house. The debt retailoring, on the other hand, will replace the Companys bridge financing incurred for its acquisition of the Caesar Park chain in South America in 1998, reduce its financial costs, and improve its balance sheet. In addition, once the Companys financial position is improved, Posadas will be able to proceed with its expansion in Brazil. Posadas, like many other small and medium size enterprises, is currently being affected by the dramatic contraction in the domestic and foreign credit resulting from the emerging market financial crisis. IFC''s involvement in the Project will have a wide demonstration effect within the international banking community by expressing renewed confidence in Mexico''s economic prospects and encouraging resumption of long-term lending to its small and medium size enterprises. Environmental Category and Issues This is a category B project according to IFC''s environmental and social review procedure. Environmental and social issues associated with this project include: sewage and liquid effluents, solid waste, water and power supply, and CFCs. Health and safety issues include fire protection, emergency response, employee training and public and employee health and life safety. Posadas is establishing a corporate Risk Management Department to consolidate and comprehensively manage fire prevention and life safety (FP/LS), environmental, health and safety (EH&S), and social development matters. EH&S aspects of Posadas properties have been found to be generally in compliance with governmental and World Bank guidelines. Posadas five new hotels, based on available information, are designed and equipped to meet applicable FP/LS and environmental requirements. IFC and Posadas have engaged a fire safety consultant who is conducting field appraisals of all of Posadas owned/leased/managed properties and developing a Corrective Action Plan for compliance with current World Bank/IFC fire safety guidelines. The is from the InfoShop. Host country location of environmental documents On Posadas'' website (www.posadas.com.mx) and on local newspaper Date SPI sent to InfoShop:March 30, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
GRUPO POSADAS SAB DE CV
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - City and Business Hotel
Total: $36.40 million
1400000.00
35000000.00
0.00
1400000.00
GRUPO POSADAS SAB DE CV
35000000.00
GRUPO POSADAS SAB DE CV
0.00
GRUPO POSADAS SAB DE CV
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9404/grupo-posadas-s-a-de-c-v
XM-DAC-903-SPI-9531
International Finance Corporation
Grupo Irsa S.A. de C.V.
Summary Of Project Information (SPI) Project Name Mexico: GIRSA II RegionLatin America and Caribbean Sector Project No009531 Projected Board DateJune 24, 1999 Company NameGIRSA S.A. de C.V. (GIRSA) Technical Partner and/or Major Shareholders GIRSA is a fully-owned subsidiary of DESC, S.A. de C.V. (DESC), a large industrial conglomerate in Mexico. The company has major market shares in carbon black, synthetic rubber and chemical consumer products in Mexico. DESC is a diversified holding company with four principal subsidiaries active in automotive parts, chemicals, agribusiness and real estate, respectively, Unik, GIRSA, Agrobios and Dine. Project Cost Including proposed IFC investment The project''s cost is estimated at about US$315 million. It will modernize and expand production facilities and develop new products and markets. IFC has been asked to structure a bankable financial package and provide a US$105 million loan, of which US$60 million would be for the account of institutional investors. Location of project and Description of site GIRSA''s production facilities are located in Tampico (synthetic rubber, carbon black), Salamanca (adhesives, sealants), Coatzacoalcos (phosphates, polystyrene), Tlaxcala (polystyrene), Lecheria (phosphates, emulsions), Vallejo (adhesives), Lerma (adhesives, laminates), Ocoyoacac (acrylics), San Luis Potosi (acrylics), Cosoleacaque (phenol, acetone, methylmethacrylate), Tula (acetone), Zitacuaro (laminates), and Queretaro (pigments). Description of Company and Purpose of Project GIRSA S.A. de C.V. (GIRSA) is a major producer of synthetic rubber, carbon black, adhesives and sealants for industrial and consumer purposes, phosphates, polystyrene, acrylics, emulsions, pigments and decorative laminates. GIRSA is the only producer of synthetic rubber and carbon black in Mexico and has a dominant position in the adhesive and sealant markets. The project consist of approximately US$315 million investment program designed to improve GIRSA''s overall competitiveness by expanding capacity, increasing energy efficiency, developing new products, promoting joint-ventures, and enhancing safety, environment and health standards. Environmental Category and Issues This is a category B project for environmental review purposes. Issues include air emissions, liquid effluents, spill prevention, solid and liquid wastes, fire prevention and emergency response, and control of employee exposure to chemical substances. The sponsor has presented plans to address these issues and demonstrated that the proposed project will comply with applicable local regulations and World Bank policies and guidelines. These plans are described in a Corrective Action Plan (CAP) developed in collaboration with IFC. GIRSA has established an environmental health and safety (EH&S) group, designated CASH (Control Ambiental, Seguridad e Higiene) which is doing an outstanding job in identifying problems, establishing corrective and proactive action programs, training personnel, and monitoring performances. As part of CASH, GIRSA performs risk analyses during and after commissioning of new projects and is committed to ensure that any new project improves the already good EH&S conditions of the operations. CASH operates both at the corporate level with an specialized group of professionals and at the plant level with a responsible environmental person who reports to the plant manager. The is May 21, 1999 from the InfoShop. Host country location of environmental documents GIRSA, S.A. de C.V. Paseo de los Tamarindos 400 B, Piso 31 Bosques de las Lomas Código Postal 05120 Mexico, D. F. Date SPI sent to InfoShop May 21, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
GRUPO KUO SAB DE CV
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BE - Petrochemical
Total: $45.00 million
45000000.00
45000000.00
GRUPO KUO SAB DE CV
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9531/grupo-irsa-s-a-de-c-v
XM-DAC-903-SPI-9557
International Finance Corporation
Rio Bravo Project
Summary Of Project Information (SPI) Project Name: Mexico: Rio Bravo Region:Latin America and Caribbean Sector: Project No:009557 Projected Board Date:August 2, 1999 Company Name:Central Rio Bravo S. A. de C. V. Technical Partner and/or Major Shareholders Electricity de France International, S. A. Project Cost Including Proposed IFC Investment US$224 million. IFC''s investment will comprise US$50 million in "A" Loan, US$110 million in "B" Loan and US$5 million in "C" Loan. Location of Project and Description of Site Rio Bravo site is located near the municipality of Valle Hermoso, Tamaulipas, approximately 30 kilometres from the City of Matamoros, Mexico, and 23 KM from the US-Mexican border. Description of Company and Purpose of Project Electricite de France International S.A. (EDFI), the Project sponsor, is a wholly owned subsidiary of Electricite de France (EDF), the French government owned utility. Established in 1992, EDFI is EDFs investment arm outside France for power generation, transport and distribution. EDFI assets are currently estimated at US$4.8 billion equivalent. The purpose of the project is to design, construction, own and operate a 495 MW base load power plant. The Project configuration includes two Westinghouse 501 F combustion turbine generators (CGT) each rated at 180 MW (ISO), a recovery steam generator ("HRSG") and a 160 MW steam turbine generator. The proposed technology (501F Westinghouse gas turbines) is considered an advanced technology with high thermal efficiency of about 55%. The plant output will be sold to Comisión Federal de Electricidad under 25-year power purchase agreement which is based on an annual plant load factor of 80%. Environmental Category and Issues This is a category A project under IFCs environmental review procedures. Environmental and social issues associated with this project include: air emissions and air quality impacts, noise from plant operation, water supply and availability, liquid effluents, transboundary environmental issues, construction of associated facilities (gas pipeline, transmission line, etc.), fire protection and emergency response, general workplace safety, and economic dislocation caused by land acquisition for the power plant or associated facilities. The sponsor prepared an Environmental Impact Assessment (EIA) that addresses these issues and demonstrates that the project will comply with the Government of Mexico and World Bank environmental requirements. The EIA also includes documentation on the results of a comprehensive public consultation program. The EIA has been released in-country and to the World Bank InfoShop. The is from the Public Information Center. Host country location of environmental documents: Mexico Date SPI sent to InfoShop:July 1, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Central Anáhuac, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AB - Gas - Thermal Power Generation
Total: $50.00 million
50000000.00
50000000.00
Central Anáhuac, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9557/rio-bravo-project
XM-DAC-903-SPI-9595
International Finance Corporation
Central Saltillo S.A.
Summary Of Project Information (SPI) Project Name Mexico - Saltillo RegionLatin America and Caribbean Sector Project No009595 Projected Board DateNovember 30, 1999 Company NameCentral Saltillo S. A. de C. V. Technical Partner and/or Major Shareholders The project sponsor is Electricite de France International, S. A. Project Cost Including Proposed IFC Investment The total project cost is US$160 million. IFC''s investment will comprise US$35 million in "A" loan and US$45 million in "B" loan. Location of Project and Description of Site The Saltillo site is located near the municipality of Saltillo in the industrial zone of Ramos Arizpe, approximately 80 kilometers west of Monterrey in northern Mexico. Description of Company and Purpose of Project Electricite de France International S.A. (EDFI), the project sponsor, is a wholly owned subsidiary of Electricite de France (EDF), the French government-owned utility. Established in 1992, EDFI is EDFs investment arm outside France for power generation, transport and distribution. EDFI assets are currently estimated at US$4.8 billion equivalent. The purpose of the project is to design, construct, own and operate a 250MW base load power plant. The project configuration includes one Westinghouse 501 F combustion turbine generator (CGT) rated at 180 MW (ISO), a recovery steam generator ("HRSG") and a 107 MW steam turbine generator. The proposed technology (501F Westinghouse gas turbines) is considered an advanced technology with high thermal efficiency of about 55%. The plant output will be sold to Comisión Federal de Electricidad under a 25-year power purchase agreement. By investing in Saltillo, IFC will continue to support large and visible high priority infrastructure projects, play a significant mobilization role to provide the required long-term debt maturity, introduce advanced efficient and environmentally friendly technology and low cost power to Mexico. Combined cycle power projects using natural gas are an efficient and cleaner alternative energy source to fuel oil to meet the growing demand for power in Mexico. The IFC investment will also help develop the Monterrey area by providing greater access to gas and reliable power for local industrial production. The project will procure locally up to 32% of its construction material, equipment and labor, and will provide electricity to CFE at a very low cost. Environmental Category and Issues This is a category A project under IFCs environmental review procedures. Environmental and social issues associated with this project include: air emissions and air quality impacts; noise from plant operation; water supply and availability; liquid effluents; construction of associated facilities (gas pipeline, transmission line, etc.); fire protection and emergency response; general workplace safety; and economic dislocation caused by land acquisition for the power plant or associated facilities. The sponsor prepared an Environmental Impact Assessment (EIA) that addresses these issues and demonstrates that the project will comply with the Government of Mexico and World Bank environmental requirements. The EIA also includes documentation on the results of a comprehensive public consultation program. The EIA has been released in-country and to the World Bank InfoShop. The is from the Public Information Center. Host country location of environmental documents (1) Municipality of Ramos Arizpe (until end of October 1999). (2) Compania Mexicana de Ingenieria y Servicios S.A. de C.V. (COMINSE) office in Ramos Arizpe. Date SPI sent to InfoShop October 28, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Central Saltillo S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AB - Gas - Thermal Power Generation
Total: $35.00 million
35000000.00
35000000.00
Central Saltillo S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9595/central-saltillo-s-a
XM-DAC-903-SPI-9703
International Finance Corporation
InverCap S.A. de C.V.
Summary Of Project Information (SPI) Project Name Mexico - Invercap RegionLatin America and Caribbean Sector Project No009703 Projected Board DateNovember 29, 1999 Company NameInvercap, S.A. de C.V. Technical Partner and/or Major Shareholders Invercap is privately held by a group of Mexican investors. Its largest shareholder is founder and CEO Cesar Montemayor. Project Cost Including Proposed IFC Investment US$1 million IFC equity investment. Location of Project and Description of Site Invercap''s headquarters are in Monterrey, Mexico. Description of Company and Purpose of Project Invercap is one of eight independent mutual fund operating companies in Mexico. It was founded in 1997, and manages several mutual funds offered to Mexican investors The project consists of an IFC equity investment to support Invercap''s development and expansion. By supporting an independent Mexican mutual fund company, IFC will help address the need to mobilize household savings in Mexico, giving middle-class households better access to capital markets. Environmental Category and Issues This is a Category C project according to IFC''s environmental review procedure. No further environmental review is required. Date SPI sent to InfoShop October 25, 1999 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384
InverCap S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
IE - Portfolio Management Company (Pension Fund, etc., except when tied to a Collective Investment Vehicle)
Total: $1.00 million
1000000.00
1000000.00
InverCap S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9703/invercap-s-a-de-c-v
XM-DAC-903-SPI-9902
International Finance Corporation
Ferrocarriles Chiapas Mayab
A Mexican railroad operating company, Compañía Ferrocarriles Chiapas-Mayab S.A. de C.V. (FCCM), is 100% owned by Genesee & Wyoming Inc. (GWI), which is also the primary sponsor of the project. GWI is a publicly traded U.S. company whose subsidiaries own and operate short line and regional freight railroads and provide related rail services over approximately 4,700 miles of track in the United States, Australia, Canada and Mexico. In 1998, GWI''s sales were $147 million and its net income totaled $11.4 million. - Project Cost Including proposed IFC investment Project cost is estimated at $48.0 million equivalent. IFC''s proposed investment in FCCM consist of an A loan of up to $12 million and equity of up to $2 million. - Location of project and Description of site FCCM''s network consists of the Chiapas and Mayab rail lines. The Chiapas line is situated in the states of Oaxaca and Chiapas. The Mayab line is situated in the states of Campeche, Yucatan, Veracruz and Tabasco. - Description of Company and Purpose of Project FCCM was formed in July 1999 to rehabilitate and modernize the FCCM''s railway network, including an upgrade of infrastructure, a rehabilitation of rolling stock, an upgrade of the communication system and an improvement of railway security. This project, through the provision of more efficient transportation services to the industrial and agriculture companies in the region, is expected to foster increased economic growth and thus help to remove obstacles to sustainable growth in the region. Removal of these obstacles is also expected to contribute to political and economic stability in the region. - Environmental Category and Issues This is a category B project according to IFCs environmental and social review procedure. FCCMs environmental management capacity is ensured through recruitment of an experienced management team and the assignment of GWIs senior safety officer to oversee overall safety and environmental activities. Training of operating personnel on FCCMs new operating rules was undertaken from October through December 1999, and other training programs are planned throughout the year 2000. FCCM expects that its trackbed improvement and employee training programs will reduce derailments and other safety incidents significantly when they are fully implemented in about two years. Handling procedures for cargos currently shipped by FCCM are well established in the industry. The national rail union represents the majority of FCCM employees. FCCM reached a new labor agreement with the union on November 1, 1999 that encompasses new work rules and represents Mexicos first compensatory severance, scholarship, and social adjustment package. The new contract includes severance payments to 55 employees laid off as a result of the new work rules as well as other payments to 1,000 staff previously let go at FCCMs startup. No additional layoffs are planned. Some of the personnel let go have been re-employed in railroad-related positions such as in-car service crew on passenger trains and the contracted security force. The concession contract indemnifies FCCM from liability for past contamination. FCCM has contracted for an independent environmental audit and is preparing a Corrective Action Plan (CAP) of facilities and properties turned over to FCCM. The environmental audit is completed and the CAP will identify key action items needed for environmental compliance at each facility. Receipt of a final CAP will be a condition of disbursement of IFCs loan. FCCMs rights-of-way do not traverse or abut designated environmentally or culturally sensitive areas, and no significant route realignments are expected. Vegetation management procedures will be adapted to requirements of each state in which the railroad operates and specific needs of right-of-way abutters. Specific herbicides that will be used have not been determined, and FCCMs plan for herbicide use will be a condition of disbursement of IFCs loan. FCCMs concession includes little property that is not directly related to its railroad operations. There is currently only limited encroachment on active track and yards; this does not impede day-to-day rail operations and the company does not expect to displace existing encroachers, either economically or physically, in the near future. FCCM has mostly wood ties on its system, and for cost and availability reasons the company plans to buy primarily wood ties in the future. Ties will be purchased from commercial suppliers, and are expected to be both hardwood and pine species from natural growth forests and managed plantations. All cutting of timber in Mexico, both public and private land, is controlled by the federal government, and FCCM buys only from approved suppliers. The is available from the InfoShop. Host country location of environmental documents The ERS will be placed at the train stations in Tonala (Chiapas state), Campeche (Campeche state), Merida (Yucatan state), Ixtepec (Oaxaca state), Tenosique (Tabasco state) and Coatzacoalcos (Veracruz state). Date SPI sent to InfoShop February 15, 2000 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit Telephone: (202) 473-7711 Fax: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
GW Servicios, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AB - Rail Transportation
Total: $12.50 million
10500000.00
2000000.00
10500000.00
GW Servicios, S.A. de C.V.
2000000.00
GW Servicios, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9902/ferrocarriles-chiapas-mayab
XM-DAC-903-SPI-9951
International Finance Corporation
Turborreactores S.A. de C.V.
Summary Of Project Information (SPI) Project Name Mexico - Turborreactores RegionLatin America and the Caribbean Sector Project No009951 Projected Board DateMay 1, 2000 Company NameTurborreactores S.A. de C.V. Technical Partner and/or Major Shareholders The joint shareholders of Turborreactores S.A. de C.V. are Industria de Turbopropulsores S.A. (ITP); Cintra S.A. de C.V. (Cintra); GE Mexico S.A. de C.V. (GE Mexico); and Pratt and Whitney (P&W). ITP, a Spanish company whose shareholders include Rolls Royce, operates a large overhaul and repair facility of aeronautical engines, and its other activities include research, design, development and manufacturing of components for turbines with aeronautical, naval and industrial applications. Cintra is the holding company for the major Mexican airlines. GE Mexico is a subsidiary of General Electric Corporation whose activities include, among others, aeronautical engine manufacture and repair, etc. P&W, with a 3% share in Turborreactores, is a unit of United Technologies Corporation, and is a leader in the design, manufacture and support of engines for commercial, military and general aviation aircraft, and space propulsion systems. ITP as the majority shareholder is the technical partner and is also responsible for the day-to-day operations of Turborreactores. Project Cost Including proposed IFC investment The project cost is estimated at US$46 million and the proposed IFC investment consists of an A loan of US$14 million (for IFC''s own account) and a B loan of up to US$4 million (for the account of participants). Location of project and Description of site The project is based in Queretaro, 135 miles north of Mexico city. The plant is located in the Benito Juárez Industrial Zone, in the city of Querétaro and the facilities are situated on a terrain of 15.67 hectares of which only 7.18 hectares have been developed. Description of Company and Purpose of Project Turborreactores is Mexicos sole service provider, and one of only two such plants in Latin America, for the overhaul and repairs of aeronautical jet engines. The proposed project consists of: (i) rehabilitation and upgrading of the current facilities to enhance the plants efficiency; (ii) expanding the range of engine repair capability to access a larger market; and (iii) working capital requirements to support the operations. The project assists the country to diversify from its current export oriented manufacturing base into the high-tech service sector. The project would lead to a more balanced regional development in Mexico by diversifying from the automotive sector in the northern states, to a high-tech industry in a new part of the country. The project is designed to improve the company''s long-term competitiveness and depends critically upon long-term financing which is currently not available locally. The proposed project will contribute toward several developmental impact objectives. First, the project will encourage strong local private sector participation by promoting a healthy local enterprise in the overhaul and repair of aeronautical jet engines sector, a high tech industry in which Mexico has a natural market. Assisting an export-oriented project will also contribute to an increase in Mexicos foreign exchange earnings. ITR in collaboration with local educational institutions and technical institutions is providing vocational and professional courses to high school students in Querétaro and its commitment to the education and training of its workforce will help attract skilled and educated labor to the region contributing to its overall development. Environmental Category and Issues This is a category B project according to IFC''s environmental and social review procedure. Environmental and social issues reviewed included: site location, air emissions, liquid effluent handling, treatment and discharge, solid waste handling and disposal, fuel and hazardous materials storage and handling, noise, contingency and emergency and response plans, and employee training and general health and safety. Turborreactores'' facility is located in an industrial park in the city of Queretaro. The site is not located near sensitive habitats and no resettlement nor economic displacement has occurred as a result of the project. Turborreactores is in the process of implementing an upgrading program at their wastewater treatment facility. Hazardous waste is collected and treated by an entity authorized by the environmental authorities of Mexico. Turborreactores is in the process of preparing a noise study within the plant as well as the perimeter of the facility. Turborreactores has prepared emergency, contingency and response plans in the event of fire, explosions, gas leaks, etc. In addition, a fire prevention program including a fire emergency response program, and a fire brigade have been established. The is March 31, 2000 from the InfoShop. Host country location of environmental documents Turborreactores, Acceso IV, No. 3 Fracc. Ind. Benito Juarez 76120, Santiago de Queretaro, Queretaro, Mexico. Date SPI sent to InfoShop March 22, 2000 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
ITP Ingeniería y Fabricación, S.A. de C.V.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
CB - Aerospace Product and Parts
Total: $14.00 million
14000000.00
14000000.00
ITP Ingeniería y Fabricación, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9951/turborreactores-s-a-de-c-v
XM-DAC-903-SPI-10326
International Finance Corporation
La Colorada Silver Mine
The Project will involve: the rehabilitation and expansion of an existing underground silver mine; the installation of a processing plant; the clearout of environmental and health hazards associated with the former operation; the provision of clean water, electricity, and other services to local citizens; and an SME component whose objective will be to stimulate local sourcing of products and services, maximizing the project''s developmental impact and the quality of the project procurement. At full capacity, La Colorada will process 350,000 tonnes of ore per year to produce an average 4.3 million oz of silver and 4,000 oz of gold annually over the initial 9 years of the mine. An annual average of 2,500 tonnes of zinc and 1,300 tonnes of lead will be produced during years 6-9 of operation. The project will create substantial positive impacts: the provision of clean water, electricity, and other services to local citizens; direct and indirect employment; and a subsequent economic revival for a community in a remote and poor region. The project will be among the firsts to harness IFC''s newly developed SME capacity as it seeks to benefit the community by assisting local suppliers to improve the price and value of their products, and meet the expectations of a sophisticated customer. The project will directly involve 250 people. IFC''s involvement will provide political comfort to the sponsor, and will mobilize scarce quasi-equity and debt funding. IFC will play a significant role in enhancing the project''s social and environmental performance beyond what is required by Mexican regulations. IFC will also mobilize advisory support to assist the implementing of the mine''s SME program, aimed in part at reducing the currently high rates of local unemployment. The need for local people to migrate seasonally in search of employment will be reduced, enhancing the competitiveness of the local industry. The project will also act to eliminate the pollution currently being caused by tailings from previous mine exploitation. Such environmental clean-up is made possible by the employment of modern techniques necessary to meet the Bank Group requirements.
Plata Panamericana, S.A. de C.V.
Pan American Silver Corp 1500-625 Howe Street Vancouver, BC Canada, V6C, 2T6 Tel: (604) 684-1175 Fax: (604) 684-0147
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The project is located in the Chalchihuites District of the State of Zacatecas, Mexico. The location is rural. The mine site is accessible by road from Durango via 120 km of paved two-lane highway, and 23 km of gravel road. La Colorada was an operating underground silver mine for many decades prior to its acquisition by Pan American.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BF - Silver
Total: $10.30 million
10300000.00
10300000.00
Plata Panamericana, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10326/la-colorada-silver-mine
XM-DAC-903-SPI-10361
International Finance Corporation
Puertas Finas de Madera Montealban, S.A. de C.V.
With the objective of increasing the company''s production capacity and further improving its efficiency, the project comprises: (i) increasing the production capacity at the company''s existing door plants; (ii) constructing a new plant in Guerrero for plywood and veneer production; (iii) constructing a new facility in the State of Mexico for the productions of wooden reels and truck platforms, etc; (v) opening 4 new retail stores in various cities; (vi) upgrading the environmental aspects of the company''s production facilities; and (vii) restructuring bridge loans incurred for the project. Development Impacts The proposed project is expected to bring about the following development impacts: (i) The company''s production facilities would serve as important direct employment pools, economic stimulators, and promoters of sustainable forestry operations in various parts of Mexico, particularly in the states of Oaxaca and Guerrero - the second and third poorest states of the country; (ii) With its long-term supplier relationships with numerous communities in Oaxaca and Guerrero, the company will continue helping the communities'' development by: (a) constructing and maintaining the roads leading into the forests; (b) providing technical assistance on various aspects of forestry operations; (c) providing the communities with a legally constituted enterprise which buys their products at market prices; and (d) providing a stable source of timber demand, which translates into a stable source of income for the communities; (iii) The project will enable the company to increase its exports, and substitute imported raw materials with in-house manufactured goods, thereby reducing its production costs and increasing its international competitiveness; and (iv) the project will indirectly positively impact the communities as, at IFC''s request, the company will formalize a corporate policy that seeks to assist communities in reaching Forest Stewardship Council (FSC) certification and attain better forest management practices. IFC Roles IFC can play a significant role in this project: (i) IFC''s investment will provide the necessary long-term financing for a medium-sized Mexican company. Even though the credit rating of Mexico has been upgraded, long-term financing is still very limited to the top-tier companies and is practically unavailable for middle market companies and small and medium enterprises (SMEs). IFC''s investment in the project would provide the company with the lacking long-term financing to meet its expansion plans and asset/liability matching requirements; (ii) IFC can help the company in its process of obtaining the FSC certification, with which Puertas Finas will be able to gain access to the European market and continue supplying to the US and Canada; and (iii) IFC''s involvement will result in substantial improvements to the health and safety conditions at the company''s plants by subjecting the Puerta Finas to the World Bank Group social and environmental guidelines.
PUERTAS FINAS DE MADERA MONTEALBAN, S.A. DE C.V.
Benjamin Cervantes Puertas Finas de Montealban, S.A. de C.V. Km. 1.5 carretera a Guelatao, San Francisco Tutla, C.P. 71228, Oaxaca, Mexico
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The project sites are located in the states of Oaxaca, Guerrero, Queretaro, and Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
FB - Solid Wood Products (VAP)
Total: $13.00 million
13000000.00
13000000.00
PUERTAS FINAS DE MADERA MONTEALBAN, S.A. DE C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10361/puertas-finas-de-madera-montealban-s-a-de-c-v
XM-DAC-903-SPI-10564
International Finance Corporation
Hipotecaria Su Casita, S.A. de C.V. - SOFOL
The company''s primary business is the origination and servicing of mortgage and construction loans. Currently, even though homebuilders hold about 75% of the shareholding, less than 20% of Su Casitas business is originated with its shareholders. Since its founding, the company has obtained its financial support almost exclusively from a trust fund administered by the Central Bank of Mexico called FOVI, which has a particular focus on housing for low-income families. FOVI current regulations limit the price of the homes sofoles can finance to a maximum of US$45,000. Over the past six years, Su Casita has experienced rapid expansion. It has grown the scope of its operations as measured by its physical presence and by its balance sheet. As of December 2000, it had 375 employees in 45 offices in 23 states, now covering most of Mexico. It held approximately US$428 million of mortgage loans, up from US$34 million at year end 1996, representing an annual compounded rate of growth of 150%. It is currently in the process of merging with Financiamiento Azteca (Finazte), another mortgage Sofol. The new entity will retain the name Hipotecaria Su Casita. The project consists of creating and issuing Mexicos first significant mortgage-backed securitization (MBS). It will be issued on behalf of Hipotecaria Su Casita which will use the proceeds of the bond offering to make mortgage loans to an under-served market segment of lower middle class families. IFC will invest in the mezzanine piece, or the B bonds. IFC will play a critical and unique role in support of this first significant MBS issue in Mexico. As a new class of security, investors will be wary of investment performance and untested legal structures. By taking a mezzanine bond, IFC will provide investment confidence to senior bond investors, and assure rating agencies of adequate credit support for the transaction. In addition, IFCs involvement will be part of a larger strategy to help develop the mortgage and capital markets in Mexico. The creation and issuance of this first deal is an important proof of concept step towards the overall goal of development of an active and liquid secondary mortgage market in the country. Finally, IFC will be playing an important role in supporting the growth of open-market institutions and in showing mortgage originators alternative funding avenues. This securitization will generate funds for new open-market (non-FOVI funded) lending, expanding the reach of Su Casita in particular and of Sofoles in general.
Hipotecaria Su Casita, S.A. de C.V., SOFOM, E.N.R.
Mr. Manuel Campos Av. San Jeronimo No. 478 4th Floor Col. Jardines del Pedregal Mexico D.F. 01900
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Hipotecaria Su Casita is headquarted in Mexico City and has over 41 offices in 21 states throughout Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
EA - Primary Mortgage Institutions
Total: $13.40 million
2400000.00
11000000.00
2400000.00
Hipotecaria Su Casita, S.A. de C.V., SOFOM, E.N.R.
11000000.00
Hipotecaria Su Casita, S.A. de C.V., SOFOM, E.N.R.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10564/hipotecaria-su-casita-s-a-de-c-v-sofol
XM-DAC-903-SPI-10621
International Finance Corporation
Combustibles Ecologicos Mexicanos, S.A. de C.V.
The project involves the start-up and development of the first CNG engine conversion and dispensing business in Mexico City. Ecomex is the only supplier of CNG for vehicle use in the v lley of Mexico. The company currently runs two CNG dispensing stations and a workshop offering services for the conversion of vehicles from gasoline to CNG. At the end of year 2000, Ecomex sales amounted to US$2.9 million. Ecomex has, to date, converted more than 600 microbuses, and its long-term strategy is to average 2,400 conversions per year by expanding and further developing its target market to include taxis, buses, and official vehicles. In line with this strategy, the company has embarked on a US$ 27.8 million project to (i) construct and operate 5 CNG dispensing stations in the metropolitan area of Mexico City (two of them are already in operation); (ii) operate one conversion workshop (already in operation); and (iii) provide working capital to finance the conversion of microbuses (the initial target market). The project concept relates to the use of CNG as an alternative fuel for vehicles in the highly polluted Mexico City, therefore generating important environmental benefits. Mexican authorities have been showing support to the use of CNG by (i) acquiring 480 garbage collection trucks that use CNG, and acquiring and converting 750 police patrol cars and other official vehicles to CNG; (ii) granting a waiver to converted vehicles from the "hoy no circula" restriction that forces vehicles to stay off the road one working day a week; (iii) extending by three years the useful life of converted microbuses; and (iv) conceding fiscal incentives for conversions. IFC Role Long-term financing . Access to long-term financing has been a difficult challenge for Ecomex. The project''s size and need for long maturities preclude it from obtaining the required financing from local sources. The fact that the alternative fuel industry (in particular CNG) is still incipient in Mexico further hampers Ecomexs ability to raise long-term financing. Adequate long-term tenors are of critical importance given the working capital needs related to conversions. This will help the company migrate from its current development stage to a commercially viable one. Ecologically responsible enterprise . The use of CNG as an alternative fuel to gasoline/diesel is in line with the Mexican authorities'' program for a better air quality in Mexico City. IFC''s involvement could have an important demonstration effect. Replication . The proposed investment in Ecomex will have a strong demonstration impact. Ecomex''s success should attract other companies and lenders to the market. It can also provide a model for other countries in the LAC region to promote switching to a more environment friendly fuel. Development Impact The project will provide a strong positive developmental impact by helping to reduce air pollution levels in Mexico City. CNG is a lead-free fuel and emits far less pollutants than gasoline or diesel-powered vehicles. In the particular case of microbuses, given their poor engine conditions, which contribute heavily to air pollution in the city, the environmental benefits of CNG are even greater. The gaseous and particulate emissions of gasoline vehicles affect the quality of the environment, particularly the health of humans on a global and local basis (especially near the surface of the earth where they are generated). CNG vehicles represent a clean alternative, which lead to significant emission reductions. The metropolitan area of Mexico City is one of the world''s largest urban areas and one of the most notorious for its high and increasing levels of air pollution. It is estimated that intensive use vehicles produce at least 35% of the vehicle-derived air pollution in Mexico City. Ecomex conversion to CNG includes the use of a catalytic converter, which is required to comply with stringent emission standards.
Combustibles Ecologicos Mexicanos, S.A. de C.V.
Mr. Sergio García Palacio Blvd. Manuel Avila Camacho No. 88, Despacho 501, Lomas de Chapultepec, Mexico
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Ecomex currently has a conversion workshop which is located at Fulton No. 5A in Tlalnepantla, State of Mexico and two CNG dispensing stations which are located at: a) Av. 16 de Septiembre No. 255, Naucalpan de Juarez, State of Mexico; and b) Cecilio Robelo, No. 103, Delegacion Venustiano Carranza, Federal District. The project will enable Ecomex to significantly increase the number of conversions undertaken at the conversion workshop and it will also enable the company to build three new dispensing stations. The likely sites for these are: 1) Cerrada de Cien Metros, Delegacion Gustavo A. Madero, Federal District; 2) Rio Becerra s/n, Delegacion Alvaro Obregon, Federal District; and 3) Ecatepec de Morelos, State of Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BB - Industrial Gases
Total: $10.00 million
8500000.00
1500000.00
8500000.00
Combustibles Ecologicos Mexicanos, S.A. de C.V.
1500000.00
Combustibles Ecologicos Mexicanos, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10621/combustibles-ecologicos-mexicanos-s-a-de-c-v
XM-DAC-903-SPI-10809
International Finance Corporation
Coppel S.A. de C.V.
Coppel is a retail chain based in Culiacan, in the Mexican state of Sinaloa. The Company has a strong presence in Mexico, as it currently operates 132 stores, located in 22 Mexican states. Coppel currently offers a wide variety of products including electrical equipment, electronics, furniture, and apparel. Its target customers are the low to middle income segment of the population. As a second-tier retail chain, Coppel needs to formalize its business and improve its corporate governance in order to foster the credibility needed to become a successful national chain. IFC can provide added value to the Company by: (i) providing advice on how to formalize and enhance its existing credit program; (ii) introducing international industry best practices to further improve its operations; (iii) providing the necessary long-term financing for its investment program; and by (iv) helping to set up social and environmental policies that comply with World Bank Group standards. The project is expected to: (i) improve the living standards of the lower social segments of Mexico by extending the Company''s credit program to cover other parts of the country; (ii) create new job opportunities; and (iii) bring about training opportunities in retailing to new employees, particularly those in less developed states.
Coppel, S.A. de C.V.
Mr. Enrique Coppel - CEO Calle República número 2855 Poniente, Col. Recursos Hidráulicos, Culiacán, Sinaloa, México, 80100
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The project would (i) open 58 additional stores to increase the Company''s geographic coverage; (ii) open 8 distribution centers to service the new stores; and (iii) build 2 warehouses to optimize transportation costs. All of the stores, distribution centers, and warehouses will be located in various Mexican states.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BA - Retail (Including Supermarkets, Grocery Stores, etc.)
Total: $30.00 million
30000000.00
30000000.00
Coppel, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10809/coppel-s-a-de-c-v
XM-DAC-903-SPI-11032
International Finance Corporation
Grupo Financiero Banorte, S.A. de C.V.
Grupo Financiero Banorte is a Mexican financial services holding company formed in 1993 and headquartered in Monterrey, Mexico. GFNorte, through its consolidated subsidiaries, while principally engaged in commercial and retail banking, is also engaged in brokerage, factoring, leasing, warehousing, pension funds management, insurance and annuities. As of December 31, 2000 GFNorte on a consolidated basis had total assets of US$11.0 billion equivalent and shareholders'' equity of US$880 million. The proposed project consists of an up to US$50 million A Loan and up to US$100 million B Loan to Banco Mercantil del Norte, a subsidiary of Grupo Financiero Banorte. The proceeds would be used to finance long-term leases of industrial complexes and related community infrastructure built and maintained by local development companies. These industrial complexes are normally leased by export-oriented companies as well as suppliers of export-oriented companies. By providing long-term funds that are currently not available to Banorte for this purpose, IFC will indirectly support Mexico''s most dynamic economic sector. The project complements Banorte''s strategic presence in and knowledge of this market, and will have a strong development impact in Mexico.
BANCO MERCANTIL DEL NORTE, S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO BANORTE
Jorge Colín - Director, Investor Relations (528) 319 52 10 Gabriela Renovato - Manager, Investor Relations (528) 319 52 19 E-mail: investor@gfnorte.com.mx Fax.- (528) 319 52 35
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
GFNorte is headquartered in Monterrey, and has a national presence in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Commercial Banking - General
Total: $100.00 million
100000000.00
100000000.00
BANCO MERCANTIL DEL NORTE, S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO BANORTE
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11032/grupo-financiero-banorte-s-a-de-c-v
XM-DAC-903-SPI-11411
International Finance Corporation
Qualita Project
Qualita is a large Mexican IT company founded in 1983 by Antonio Fajer, who grew the business to its current size of over US$100 million in sales. The company focuses on the large and medium size Mexican corporate market, and its clients include some of the largest companies and government agencies in the country. The project consists of financing: i) Qualitas expansion in the Solutions space; ii) improvement of the companys internal information systems; iii) construction of two new support centers; and iv) working capital needs. The project will have significant developmental impact by potentially creating hundreds of IT related jobs in Mexico. Qualita will also contribute to the training of skilled technology workers in Mexico by exposing them to international best practices. Qualita can also contribute to improving the efficiency of business and government institutions in Mexico through providing state-of-the-art technology and services. In a rapidly changing technology environment, Qualita can use its expertise to help large and medium sized Mexican companies and government agencies unfamiliar with technological solutions increase their technology utilization, in turn supporting economic growth and development. An IFC investment would support a local technology company that has successfully grown to become a leading IT company in Mexico, professionally managed, and with strong corporate governance procedures. The economic turndown and the decline of appetite for technology investments by private equity investors have made it extremely difficult for companies such as Qualita to raise capital. In addition to providing capital, IFC would also be playing an important role in attracting other investors. In addition, IFC will be able to bring its global knowledge of IT services to help Qualita in its growth strategy. IFC could also provide assistance to the company on setting up a more proactive approach to the companys foreign exchange risk management.
Qualitá, Inc.
John Milner Qulaita Culiacan No. 123 esq. bajio Col. Hipodromo, 06100 Mexico D.F.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Qualita has offices in Mexico City and Monterrey, Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BB - Content (B2C Companies)
Total: $6.00 million
3500000.00
2500000.00
3500000.00
Qualitá, Inc.
2500000.00
Qualitá, Inc.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11411/qualita-project
XM-DAC-903-SPI-11637
International Finance Corporation
Rio Bravo III
The Rio Bravo III project is the construction and operation of a natural gas-fired combined cycle power plant of 495 MW (two Westinghouse 501 F combustion turbines of 180 MW and two heat recovery steam generators and one steam turbine generator of 187 MW nominal) to be located next to the Rio Bravo II plant. Rio Bravo III has entered into a 25 year Power Purchase Agreement (PPA) to sell electricity exclusively to Comision Federal de Electricidad (CFE), Mexico''s state-owned electricity utility. Rio Bravo III will contract with third parties for the supply and transport of gas to the plant. The 15-year gas supply contract will be with a US gas company, El Paso Merchant Energy, which will be providing gas from the USA. Two new open-access gas pipelines (one of 16 km in Texas, USA owned by Tennessee Gas Pipeline and the other of 52 km in Mexico owned by Gasoducto del Rio, a separate/independent company owned by EDFI) will be built to deliver US gas to the plant. Expected commercial operation date for Rio Bravo III is April 2004. Rio Bravo III will help provide reliable and environmentally sound additional power generation capacity to Mexico at a very competitive price. The project will help CFE meet energy demand growth which historically has been increasing at more than 2% p.a. above the annual GDP growth. IFC''s involvement will be very critical in view of: (i) the recent slowdown in the implementation of the Mexican Independent Power Producer (IPP) program; (ii) the large amount of long-term financing that needs to be mobilized for the project in a short period of time; and (iii) the sector''s regulatory uncertainty. IFC will also ensure that the project will be developed in an environmentally sustainable manner.
Central Lomas de Real S.A. de C.V.
Mr. Bertrand ALLANIC Tour EDF 20 Place de la Défense 92050 Paris La Défense Cedex France For Environmental issues : Mr. Juan Carlos Ruiz COMEGO Arquimedes 199 ,PH Mexico City DF Mexico
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The plant will be located in Matamoros (state of Tamaulipas), Mexico. This site is adjacent to the existing Rio Bravo II power plant (Central Anahuac S.A. de C.V.) which was also developed in 1999 by EDFI with financing from IFC, among others.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AB - Gas - Thermal Power Generation
Total: $72.00 million
2000000.00
70000000.00
2000000.00
Central Lomas de Real S.A. de C.V.
70000000.00
Central Lomas de Real S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11637/rio-bravo-iii
XM-DAC-903-SPI-11662
International Finance Corporation
Rio Bravo IV
The Rio Bravo IV project is the construction and operation of a natural gas-fired combined cycle power plant of 500 MW (two Westinghouse 501 F combustion turbines of 180 MW and two heat recovery steam generators and one steam turbine generator of 187 MW nominal) to be located next to the Rio Bravo III plant. Rio Bravo IV has entered into a 25 year Power Purchase Agreement (PPA) to sell electricity exclusively to Comision Federal de Electricidad (CFE), Mexico''s state-owned electricity utility. Rio Bravo IV will contract with third parties for the supply and transport of gas to the plant. The long-term (until 2021) gas supply contract will be with a US gas company, Cinergy Marketing and Trading, LP, which will be providing gas from the USA. Two new open-access gas pipelines (one of 16 km in Texas, USA owned by Tennessee Gas Pipeline and the other of 52 km in Mexico owned by Gasoducto del Rio, a separate/independent company owned by EDFI) will be built to deliver US gas to the plant. Expected Commercial Operation Date for Rio Bravo IV is April 2005. Rio Bravo IV, together with Rio Bravo III, will help provide reliable and environmentally sound additional power generation capacity to Mexico at a very competitive price. These projects will help CFE meet energy demand growth which historically has been growing at more than 2% p.a. above the annual GDP growth. IFC''s involvement will be very critical in view of: (i) the recent slowdown in the implementation of the Mexican Independent Power Producer (IPP) program; (ii) the large amount of long-term financing that needs to be mobilized for the project in a short period of time; and (iii) the sector''s regulatory uncertainty. IFC will also ensure that the project will be developed in an environmentally sustainable manner.
Central Valle Hermoso S.A. de C.V.
Mr. Bertrand ALLANIC Tour EDF 20 Place de la Défense 92050 Paris La Défense Cedex France For Environmental issues : Mr. Juan Carlos Ruiz COMEGO Arquimedes 199 ,PH Mexico City DF Mexico
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The plant will be located in Matamoros (state of Tamaulipas) in Mexico. This site is adjacent to the existing Rio Bravo II Power Plant (Central Anahuac S.A. de C.V.) which was also developed in 1999 by EDFI with financing from IFC, among others, and also the Rio Bravo III Power Plant (Central Lomas de Real S.A. de C.V.) which is currently being developed by EDFI.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AB - Gas - Thermal Power Generation
Total: $72.00 million
2000000.00
70000000.00
2000000.00
Central Valle Hermoso S.A. de C.V.
70000000.00
Central Valle Hermoso S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11662/rio-bravo-iv
XM-DAC-903-SPI-11720
International Finance Corporation
Inversionistas en Autotransportes Mexicanos S.A. de C.V.
Inversionistas en Autotransportes Mexicanos S.A. de C.V. (IAMSA), Grupo Toluca, Flecha Amarilla, and Omnibus de Mexico S.A. de C.V. (collectively, the Group or the company) is a bus transportation conglomorate in Mexico. The Group accounts for almost 20% of the intercity bus fleet in Mexico. The project comprises the 2002-2005 fleet renovation program of the Group, with IAMSA coordinating the fleet acquisition plans.
Desarrollo Terrestre Mexicano, S.A. de C.V.
Lic. Rodrigo Barreda Zapien Gerente Jurídico Corporativo Inversionistas en Autotransportes Mexicanos S.A. de C.V. Insurgentes Norte 42-3, Santa María La Ribera, C.P. 06400 Del. Cuauhtémoc, México , D.F.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Group is one of the market leaders in the Mexican intercity bus transportation market, serving 20 (out of 32) Mexican states, in the Center and North of the country: Mexico, Michoacan, Guanajuato, Aguascalientes, San Luis Potosi, Jalisco, Colima, Queretaro, Zacatecas, Durango, Coahuila, Nuevo Leon, Tamaulipas, Chihuahua, Jalisco, Nayarit, Sinaloa, Sonora, Baja California Norte and Golfo Norte. These states comprise the most populated region of the country, accounting for 73% of the Mexican population and 80% of the countrys GDP.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AD - Transit and Ground Passenger Transporation
Total: $37.00 million
37000000.00
37000000.00
Desarrollo Terrestre Mexicano, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11720/inversionistas-en-autotransportes-mexicanos-s-a-de-c-v
XM-DAC-903-SPI-20211
International Finance Corporation
Occidental MEX
The project is aimed at spinning off four Occindental''s hotels in Mexico in one company (the company) that will become the main vehicle for Occidental''s future developments in Mexico and in the region. Occidental will contribute four hotels and IFC will help raise the necessary debt financing and invest a further $10 million in quasi-equity. Once the company has been properly financed, FONATUR, Mexicos tourism development agency, will consider becoming a minority shareholder in the company through the contribution of hotel assets or plot of land suitable for hotel development. Through the proposed investment IFC will support the establishment of what is likely to become an important regional hotel company in Mexico and Central and South America, following a market downturn. IFC will provide a financing package with long maturities which the market cannot provide and will help put the company on a sound long term footing. Also, IFCs proposed participation is key to help structure the project and raise complementary financing. In addition, IFC has played an important role by encouraging Occidental to review its fire & safety standards for its whole hotel portfolio, and has led Occidental to a new program of developing a comprehensive and high impact corporate risk management system aimed at identifying and mitigating environmental, fire & safety and sustainability risks related to the management and development of hotel operations. In the long term, IFCs involvement will support the efforts of the Mexican government to leverage the assets of FONATUR by entering into joint ventures with the private sector. In this context, IFC will play a honest broker role between Occidental, a foreign company, and FONATUR, a government agency. IFCs participation will also help ensure that all properties owned by the Company will comply with IFC and WBG environmental, social and life and fire and safety policies and guidelines.
OCCIDENTAL ROYAL HOLDINGS SARL
jlgonzalez@arcmiami.allegroresorts.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Two hotels are located in Playa del Carmen and two in Cozumel Island, in Mexico. They are all low rise constructions near the beach, designed and developed in accordance with Mexican requirements for development and land use in effect at the time of development.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AB - Resort Hotel (Including Lodges)
Total: $40.00 million
30000000.00
10000000.00
30000000.00
OCCIDENTAL ROYAL HOLDINGS SARL
10000000.00
OCCIDENTAL ROYAL HOLDINGS SARL
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/20211/occidental-mex
XM-DAC-903-SPI-20311
International Finance Corporation
Mexmal Project
Groupo Mexmal provides components for computer systems, systems design services, and technical assistance and training to value added resellers (VARs) and systems integrators in Mexico, and works with them on the joint development of higher value added solutions. Mexmal also offers connectivity solutions, including Internet access. The company is planning to expand its operations into Mexico City, which would constitute the primary use of funds for this project. The expansion comprises leasing additional space, and increasing working capital requirements (inventory and accounts receivable). Mexmals working capital needs for its existing businesses would also increase as the business expands and the company moves into higher value added components. Development Impact The project would have significant developmental impact by creating IT related jobs in Mexico, and providing low-cost computer solutions to schools, small and mediume enterprises and less wealthy sections of the population. In addition, Mexmals support to local VARs would increase the technical know-how available throughout the country. IFCs Role The economic turndown and the decline of appetite for technology investments by private equity investors has made it extremely difficult for mid-sized companies such as Mexmal to raise long-term capital. The IFC funding is, therefore, critical to the companys expansion plans. IFCs presence would provide Mexmal with the credibility it needs to attract investors in future rounds of funding. IFC would also assist the company in obtaining needed credit facilities. Moreover, IFC would play a major role in enhancing the Mexmals corporate governance practices and assisting in its transformation from an entrepreneur-owned company to a professionally managed company with international best practice.
Grupo Mexmal
Patrick Wong, President & CEO Jeronimo Trevino No 2605 Col. Lomas de Chepevera Monterrey, Mexico Phone: +81 8122 3000 Fax: +81 8348 2161
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mexmal is headquartered in Laredo, Texas and Monterrey, Mexico. The company has nine branch locations throughout Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BB - Computer & Electronic Products(Computers & Peripherals, Communications Equip., Elec. Watches & Similar Elec. Products. Integrated Circuits & the application of Miniturization Technologies characterize this sector.)
Total: $15.00 million
15000000.00
15000000.00
Grupo Mexmal
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/20311/mexmal-project
XM-DAC-903-SPI-20325
International Finance Corporation
Copamex Project
Copamex S.A de C.V. (Copamex, or the company) is a leading Mexican producer of paper products for the consumer goods, industrial packaging and printing, and writing (P&W) markets. Located in Monterrey, Copamex is a holding company with 39 subsidiaries (35 in Mexico, 2 in the United States, 1 in Costa Rica and 1 in Nicaragua) of which 36 are wholly-owned and 3 are majority-owned joint ventures.
The company is embarking on a debt reduction and refinancing strategy which will enhance its financial flexibility and its ability to compete effectively. As part of this strategy, Copamex has requested IFCs assistance to refinance part of its long term debt and to fund capital expenditure aimed at rationalizing existing facilities. IFC will help Copamex improve its financial profile in order for the company to become a stronger regional player, better able to compete with multi-nationals. The principal components of the project are as follows:
financial restructuring and other measures designed to improve the ability of the company to access national and international sources of finance on competitive terms;
rationalization of existing facilities; and
measures to improve corporate governance and environmental management and enhance the social impact of the company.
Inversiones y Valores Milenium, S.A. de C.V.
Francisco Elosúa Garza, Investors Relations Department
Copamex, S.A. de C.V.
Montes Apalaches No. 101
Colonia Residencial San Agustín
San Pedro Garza García, Nuevo León, 66260
México
Phone: +52 (81) 8152 6125
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The company headquarters are located in Monterrey, in the State of Nuevo Leon, which borders with the United States (Texas). The Copamexs main facilities are located in the states of Nuevo Leon, Chihuahua, Mexico State, Michoacán and Jalisco. The company also has other facilities in the United States and Central America.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AF - Other Paper (Including Multiple Types)
Total: $25.00 million
0.00
25000000.00
0.00
Inversiones y Valores Milenium, S.A. de C.V.
25000000.00
Inversiones y Valores Milenium, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/20325/copamex-project
XM-DAC-903-SPI-21320
International Finance Corporation
Su Casita CLF
The proposed project aims to support the development of the Mexican housing sector by providing funding to sustain the bridge loan program of Hipotecaria Su Casita (HSC or the company), a non-bank housing finance company (Sofol). IFC and the German development financier, Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) are proposing to extend secured loans of up to $30 million equivalent (up to MXN180 million by IFC and up to EUR12 million by DEG) to HSC. The proceeds of the loans will be used to fund peso-denominated bridge loans to Mexican developers for the construction of low-income housing to be sold under programs sponsored by public sector entities such as Sociedad Hipotecaria Federal (SHF), INFONAVIT and FOVITSSE. IFC will also provide a currency swap to the company for the DEG financing.
Hipotecaria Su Casita, S.A. de C.V., SOFOM, E.N.R.
Manuel Campos
Vice President
Av. San Jeronimo No. 478, 4to. Piso
Col. Jardines del Pedregal
México, D.F. 01900
Phone: 52-55-5481-8206
Fax: 52-55-5481-8353
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
HSC is headquartered in Mexico City and has 34 branches and 68 collection offices covering 28 states and 55 cities in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
EA - Primary Mortgage Institutions
Total: $16.47 million
16470000.00
16470000.00
Hipotecaria Su Casita, S.A. de C.V., SOFOM, E.N.R.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/21320/su-casita-clf
XM-DAC-903-SPI-21805
International Finance Corporation
Manzanillo Container Terminal
TMM Purtos y Terminales, S.A. de C.V. (TMM PyT or the company), is a Mexican company, which operates the Manzanillo, Veracruz, Cozumel, and Progreso terminals in Mexico under concession contracts. The company is currently ultimately wholly-owned by Carrix, Inc., a US-based port and terminal operator. In May 2003, Carrix, through its Mexican subsidiary, SSA Mexico Holdings, S.A. de C.V. (the Borrower), acquired 51% of the outstanding shares of TMM PyT. Combined with the remaining 49% of TMM PyT already owned by Carrix through a subsidiary, TMM PyT became a 100% owned subsidiary of Carrix. IFC will provide up to $45 million in financing to the Borrower as part of a medium term facility that includes commercial bank co-financing under a Citibank syndicated loan (the Citibank Financing). The financing will support the acquisition of 51% of TMM PyT by Carrix. Manzanillo is one of the largest container ports in Mexico and is currently the only facility on the Pacific Coast of Mexico able to service the largest transpacific services. TMM PyT began operating a single berth container terminal at the Port of Manzanillo in 1995 after winning a 20-year concession through a competitive bidding process. It also provides stevedoring services for general cargo at the public terminal of San Pedrito within the Port of Manzanillo. Since 1995, TMM PyT has significantly improved the ports productivity and helped increase Manzanillos share of Mexicos Pacific Coast container traffic from 51.4% in 1995 to over 90.6% in 2002. TMM PyT currently accounts for approximately 69% of containerized cargo moved in Manzanillo (the remaining cargo is primarily moved by the public terminal) and approximately 62% of total container traffic handled at Mexicos Pacific ports. The Veracruz port is located on the Gulf of Mexico and historically served as an entry point for Mexicos trade with European and Caribbean nations. In 1991, TMM PyT, through a competitive bidding process, won a 23-year concession to provide stevedoring and marine terminal services at Veracruz. TMM PyT primarily handles automobiles for Volkswagen, which uses Veracruz to export production from its plant in Puebla, Mexico. TMM PyT also services other car manufacturers such as Ford, General Motors, Peugeot, BMW, Chrysler, Renault and Nissan. Finally, TMM PyT operates two cruise line terminals at Cozumel (a small island off Cancun, Mexico) and Progreso (located near Merida, Mexico) after winning 20-year concessions (also through competitive bidding) in 1996 and 2000, respectively. Cozumel is a popular destination for seven day cruises originating in the US while Progreso is a new Cruise ship destination and is currently being marketed to cruise lines in the US.
SSA México Holdings, S.A. de C.V.
Mr. Gene Smith, Director General TMM Puertos y Terminales, S.A. de C.V. Carr. Manzanillo-Santiago S/N Terminal Especializada de Contenedores Manzanillo, Colima México 28200 Phone. +52-314-331-1000 Fax. +52-314-336-6643
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The four project sites are located in Mexico; Manzanillo Container Terminal in the Port of Manzanillo, Port of Veracruz, cruise ship terminal in Cozumel and a cruise ship terminal in Progreso. Manzanillo is located on the Pacific coast of Mexico in the state of Colima. The Manzanillo Terminal currently has 500 meters of contiguous container berths equipped with two Post-Panamax and two Panamax ship-to-shore container cranes. In addition, there is 13.3 hectares of paved container yard. The minimum draft available at berth-side is 14 meters. The Port of Veracruz is located in the gulf of Mexico in the city of Veracruz . The facilities operated by TMM PyT in the Port of Veracruz consist of covered auto storage facility with a capacity of 4,400 vehicles and several open storage areas with an additional capacity of 8,400 vehicles. In addition, TMM PyT also provides stevedoring services for bulk and break-bulk cargo at the public berths in the Port of Veracruz. The cruise ship terminal in Cozumel is located about 6 km south of town of San Miguel, the main town in the island of Cozumel in the state of Quintana Roo. The pier is L-shaped with external docking length of 311 m (draft of 11 m) and internal docking length of 276 m (draft of 10 m) with a width of 11.8 m. There is also a commercial area next to the pier consisting of 3 buildings with a total covered area of about 4,000 sq. m. The commercial areas consist of various tenants including a duty free shop, several vendors for gifts, an internet café, restaurant and bars. The cruise ship terminal in Progreso is located within in the port of Progreso in the state of Yucatan. The pier has a length of 330 m and a draft of 10.5 m. In addition, there is a pier for ferries which measures 150 m in length. There is also a commercial area next to the pier consisting of one main single-story building with a covered area of 1,886 sq. m. consisting of shops and a restaurant. Part of this building also houses customs and immigration facilities.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BB - Port and Harbor Operations
Total: $45.00 million
45000000.00
45000000.00
SSA México Holdings, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/21805/manzanillo-container-terminal
XM-DAC-903-SPI-21820
International Finance Corporation
Calidra S.A. de CV
Grupo Calidra S.A. de C.V. (Calidra, or the company) is Mexicos leading producer of lime and lime-related products, with 2002 revenue of approximately $80 million equivalent. The company operates 17 plants across Mexico and one in Honduras. Its operations comprise the quarrying of limestone, its processing into various grades of quick- or hydrated lime, packaging, and sale to the construction, steel, chemical, mining, agricultural, waste treatment and other industries.
The main components of the project include:
- the installation of three new kilns,
- the consolidation and upgrading of lime hydration capacity,
- conversion of existing kilns to dual-fuel capability, and
- the decommissioning of inefficient kilns and hydrators.
The project aims to rebalance Calidras production capacity in favor of regions with limited installed capacity for quality lime, targets faster growing market segments, diversifies its customer base to reduce reliance on the construction sector, and lowers operational risks to Calidra by reducing its dependence on a single fuel type.
Grupo Calidra, S.A. de C.V.
Grupo Calidra
Attn.: Enrique Fierro
Av. Vasco de Quiroga 1800 PH-4
Col. Santa Fe Del Alvaro Obregón
01210 Mexico, D.F.
MEXICO
Tel: 01-800-02 19 711
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The key components of the project will be undertaken on or adjacent to sites Calidra currently operates in Acajete (near Puebla) and near Colima. The two kilns for Acajete will be installed directly next two existing kilns operated by Calidra. The kiln to be installed near Colima will be on a quarry which is off of an isolated section of an existing highway.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
CA - Miscellaneous and Industrial Ores (Including Magnesite, Fluorite, Sulfur, Soda Ash, Clays, Gypsum, Lime, Peat, Boron, Diatomite, Feldspar, etc.)
Total: $23.00 million
3000000.00
20000000.00
3000000.00
Grupo Calidra, S.A. de C.V.
20000000.00
Grupo Calidra, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/21820/calidra-s-a-de-cv
XM-DAC-903-SPI-22302
International Finance Corporation
GMAC Warehouse Housing Line
GMAC Financiera, S.A. de C.V. is a wholly owned Mexican subsidiary of the US residential mortgage company GMAC Residential Funding Corporation (GMAC RFC), itself a subsidiary of GMAC Financial Services (GMAC FS). The company was setup in 2000 as part of GMAC RFCs international strategy which identified Mexico as one of the growth countries for its mortgage operations. The company provides mortgage and construction warehouse lines of credit to specialized financial intermediaries (Sofols), and is building its presence in the secondary housing finance market through its securitization program. GMAC Financiera has developed an extended business relationship with most of the largest Sofols and has participated in two of the first three MBS issuances in the country. The company is recognized as an important alternative source of funding for Sofols and a key player in the Mexican secondary housing finance market.
GMAC Financiera has enjoyed a rapid growth since its inception. Its loan portfolio has grown from MXN332 million ($36 million) as of December 2001 to MXN5.4 billion ($482 million) as of June 2004.
The project consists of a $150 million line of credit to GMAC Financiera (the company), to finance the origination of eligible mortgage loans, and a Credit Enhancement Facility of $50 million to support the companys mortgage-backed securities (MBS) program. In addition, the IFC would provide a Swap Facility of up to $15 million in loan-equivalent exposure terms, to hedge the market risks associated with the US Dollar loans.
Proyectos Adamantine, S.A. de C.V. SOFOM ER
Mauricio A. Jannet Tamez, Business Development Manager
Periferico Sur #4829 2nd FloorParques Del PedregalMexico D.F., MX 14010
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The location of the project is Mexico City, Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
EB - Secondary Mortgage Institutions
Total: $130.00 million
15000000.00
50000000.00
65000000.00
15000000.00
Proyectos Adamantine, S.A. de C.V. SOFOM ER
50000000.00
Proyectos Adamantine, S.A. de C.V. SOFOM ER
65000000.00
Proyectos Adamantine, S.A. de C.V. SOFOM ER
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/22302/gmac-warehouse-housing-line
XM-DAC-903-SPI-22539
International Finance Corporation
CentroMedico PDH
Centro Medico Puerta de Hierro (or CMPDH, or the project) is a new medical complex in the Zapopan neighborhood of Guadalajara, Mexico, consisting of two main components:
- an ambulatory surgery center and
- an 80-bed general tertiary care hospital.
CMPDH is the first health care provider in Guadalajara to specialize in ambulatory surgery. It aims to meet the growing demand for such services in the area and becoming a reference center for the 6 million inhabitants of the Jalisco state.
CONTROLADORA DE SERVICIOS MEDICOS S.A. DE C.V
Mr. Rodolfo Acosta, CEO
Blvd. Puerta de Hierro No.5150Plaza Corp. Zapopan, C.P. 54116
Phone: + 33-3848-4000
Fax: + 33-3848-4007
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The two buildings of the Project are adjacent to each other and are located in the Zapopan area of Guadalajara, Mexico, close to a residential neighborhood and major roads. The ambulatory center occupies 19,200 square meters (4,668 of which for clinics; 7,002 for medical offices; 5,318 parking space; and the remaining 2,212 common areas). The hospital building is being constructed on 10,020 square meters and will have several underground floors for parking, utility rooms and support services, as well as additional medical offices.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Hospitals and Clinics
Total: $14.50 million
14500000.00
14500000.00
CONTROLADORA DE SERVICIOS MEDICOS S.A. DE C.V
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/22539/centromedico-pdh
XM-DAC-903-SPI-22540
International Finance Corporation
Financiera Educativa de Mexico S.A. de C.V.
The project is to support the establishment of Financiera Educativa de Mexico S.A. de C.V. (FINEM or the company), a new specialized non-bank financial institution that will be established as a sociedad financiera de objeto limitado (SOFOL) and focus on financing the Mexican education sector. FINEMs core business will be to provide peso denominated term loans to eligible Mexican privately-owned schools and higher education institutions, to help fund their expansion and infrastructure modernization programs. In addition, FINEM will provide advisory services or technical assistance in a wide range of managerial or technical disciplines, to help qualifying clients reinforce the quality of their management and become more viable and competitive firms. FINEM will initially target upper-secondary and higher education institutions and gradually extend its services across all segments of the education market. The project aims to address the currently large gap between demand and supply of long-term financing for private education institutions in Mexico, and to contribute to improving the quality of infrastructure, education and management in the private education sector through investments and technical assistance.
FINANCIERA EDUCATIVA DE MEXICO, S.A. DE C.V.
Mr. Francisco Gonzales-Cos General Manager Financiera Educativa de Mexico S.A. de C.V. Bosque de Alisos 45-A, Edificio Oriente Col. Bosques de las Lomas Tel. 9177 9380 E-mail: fgonzalezcos@finem.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
FINEM is headquartered in Mexico City and does not plan to operate branches or local representation offices outside Mexico City at this stage.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
FA - Other Non-Depository Credit
Total: $15.77 million
15080000.00
690000.00
15080000.00
FINANCIERA EDUCATIVA DE MEXICO, S.A. DE C.V.
690000.00
FINANCIERA EDUCATIVA DE MEXICO, S.A. DE C.V.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/22540/financiera-educativa-de-mexico-s-a-de-c-v
XM-DAC-903-SPI-22673
International Finance Corporation
Hipotecaria Nacional, S.A. de C.V.
Hipotecaria Nacional (HipNal or the company) is Mexicos largest housing sofol (specialized mortgage lending institution). Based in Mexico City, HipNal started operations in 1994. Its main activity consists of originating and servicing residential mortgages financed by Sociedad Hipotecaria Nacional (SHF), a federal mortgage lending institution and the primary source of funds for sofols, to low-income individuals. As of December 31, 2003. HipNals total assets amounted to MXN 27 billion ($2.4 billion), while net worth amounted to MXN 1.6 billion ($150 million). It is the leader in market share based on total assets among mortgage sofols, holding almost 30% of the market. Its portfolio is divided as approximately two-thirds in mortgage loans and the balance in construction loans to residential real estate developers. It has a network of 77 branches around the country and services approximately 82,000 mortgage loans with aggregate amount outstanding of MXN $17.5 billion ($1.6 billion).
HipNal has grown at a rapid pace since its inception a decade ago, given the high demand for low-income housing in Mexico. To enable it to continue to grow in step with the market and to diversify its funding source from the SHF, its strategy is to issue MBS, thus freeing up its balance sheet of assets so securitized. The purpose of IFCs loan is to assist the company to put in place a viable structure to facilitate the planned MBS issue. IFCs loan will be collateralized by a pool of mortgages that will satisfy IFC-stated criteria, and will be transferred to an independent Trust, in order to facilitate the planned securitization.
Hipotecaria Nacional, S.A. de C.V. SOFOM, E.R., Grupo Financiero Bancomer
Mr. Eduardo Gastelu Martinez, CFO
Hipotecaria Nacional, S.A. de C.V.
Liverpool # 88, Col. Juárez;
MÉXICO; D.F.; C.P. 06600
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The location of the project is at the headquarters of Hipotecaria Nacional in Mexico City, Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
EA - Primary Mortgage Institutions
Total: $100.00 million
100000000.00
100000000.00
Hipotecaria Nacional, S.A. de C.V. SOFOM, E.R., Grupo Financiero Bancomer
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/22673/hipotecaria-nacional-s-a-de-c-v
XM-DAC-903-SPI-23860
International Finance Corporation
Carlyle Mexico Partners, L.P.
A proposed IFC investment of $20 million in Carlyle Mexico Partners, L.P. (Carlyle Mexico) a private equity fund with target commitments of $250 million. The Fund is sponsored by The Carlyle Group (Carlyle) to invest in buyout or other private equity opportunities in Mexico and in U.S. companies that have a significant Hispanic customer base or cross-border initiatives. The Fund will target medium and large companies. The Fund expects to make 5-8 investments of between $20-50 million, acquiring controlling or significant minority stakes.
CARLYLE MEXICO PARTNERS, L.P.
The Carlyle Group
Christopher Ullman
Vice President, Corporate Communications
1001 Pennsylvania Avenue, N.W.
Washington, DC 2004-2505
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Fund will be established as a limited partnership domiciled in a suitable jurisdiction and will invest in companies located principally in Mexico. The Fund Manager will manage the investments from its offices in Mexico City, and in Washington, DC.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BA - Private Equity/Venture Cap Fund - Country
Total: $20.00 million
20000000.00
20000000.00
CARLYLE MEXICO PARTNERS, L.P.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/23860/carlyle-mexico-partners-l-p
XM-DAC-903-SPI-24099
International Finance Corporation
Mexico MBS CEF
The project involves the establishment of a facility for IFC to provide up to MXN300 million of credit enhancement for the senior tranches of residential mortgage-backed securities (RMBS) to be issued in Mexico. The project would help Mexican private-sector housing sofoles (specialized mortgage finance companies, requiring an aggregate of up to MXN11.7 billion per annum of new long-term financing in order to meet the current demand for new housing) tap domestic institutional investors (controlling at least MXN986 billion of funds but lacking highly-rated securities to purchase for the long term). The need for the sofoles to access alternative sources of long-term funding arises largely from the phased cessation of lending by the government housing development bank to sofoles. Commercial banks which may consider entering the market with RMBS would also benefit from the project. IFCs credit exposure would be to special-purpose vehicles (to be incorporated in future) by which Mexican local-currency residential mortgage loans would be securitized. The securities would be backed by future cash flows from the loan repayments. The loans would be secured by first-ranking mortgages over the owner-occupied properties.
MEXICO MBS CREDIT ENHANCEMENT FACILITY
For more information on the Project, please contact George Ombima (gombima@ifc.org).
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The project is located in Mexico and would support residential mortgage loan origination all over the country by sofoles and commercial banks. Most of the prospective sponsor financial institutions would probably be headquartered in Mexico City.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
EC - Mortgage Services and Other
Total: $30.00 million
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24099/mexico-mbs-cef
XM-DAC-903-SPI-24197
International Finance Corporation
Irapuato-La Piedad road
The Irapuato-La Piedad project consists of the expansion, upgrading, operation and maintenance of a 74.3 km long road beginning in the junction of the Querétaro-Irapuato highway with the Irapuato-La Piedad road, and ending at km. 77 of the junction with the future bypass of La Piedad de Cabadas in the State of Guanajuato, in the Central part of Mexico. The Project will be developed pursuant to a 20-year Concession and a 20-year Services Contract entered into by and between the Mexican Ministry of Communications and Transportation (SCT) and Concesionaria Irapuato La Piedad, S.A. de C.V. (the Company) on September 12, 2005.
The Company is a wholly-owned subsidiary of Ingenieros Civiles Asociados S.A. de C.V. (ICA), the largest construction company in Mexico.
The Irapuato-La Piedad road is the first project awarded to the private sector under an innovative program for public private partnerships (PPS program) developed during the last three years by the Government of Mexico (GOM) for the provision of much needed infrastructure services.
Concesionaia Irapuato la Piedad, S.A. de C.V.
Ing. Gabriel de la Concha Guerrero
Ingenieros Civiles Asociados, S.A. de C.V.
Minería No. 145, Col. Escandón 11800
México DF
Fax: 5227-5065
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The project is located in the State of Guanajuato, in the central part of Mexico. The road covers a distance of 74.3 km. Up to 83% of the terrain is relatively flat.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BC - Highway Operations (Includes Toll Roads)
Total: $13.81 million
13810000.00
13810000.00
Concesionaia Irapuato la Piedad, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24197/irapuatola-piedad-road
XM-DAC-903-SPI-24296
International Finance Corporation
Hipotecaria Su Casita, S.A. de C.V. - SOFOL - Warehousing Line
Hipotecaria Su Casita, S.A. de C.V. (HSC or Su Casita) is Mexicos second largest Sofol (specialized mortgage lending institution) by market share. Its main function is to extend mortgage loans to low-income individuals under the auspices of SHF (Sociedad Hipotecaria Federal) financing programs, and to provide construction financing to developers of low-income housing. It controls approximately 18% of the mortgage market served by Sofoles, based on total loan portfolio. It has 107 offices in Mexico. Su Casita was established in 1994. As of December 2004, it had total assets of $1.85 billion equivalent and shareholders equity of $127 million equivalent. It is rated A3.mx (national scale issuer rating), and Ba3 (global scale local currency issuer rating) by Moodys, and A-.mx by Standard and Poors.
HSC has grown at a rapid pace since its inception a decade ago, given the high demand for low-income housing in Mexico. To enable it to continue to grow in step with the market and to diversify its funding source from the SHF, its strategy is to maintain its ongoing securitization program, thus enabling it to free up its balance sheet of assets so securitized. The purpose of IFCs loan is to support HSC in this securitization program. IFCs loan will be collateralized by a pool of mortgages that will satisfy IFC-stated criteria and be held in a Security Trust. This loan will thus readily enable Su Casita to support its securitization from a pool of high-quality assets that will already be in the Trust.
Hipotecaria Su Casita, S.A. de C.V., SOFOM, E.N.R.
Mr. Manuel Campos, Vice President
Av. San Jeronimo No. 478, 4to. Piso
Col. Jardines del Pedregal
México, D.F. 01900
Phone: 52-55-5481-8206
Fax: 52-55-5481-8353
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The location of the project is at the headquarters of Hipotecaria Su Casita in Mexico City, Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
EA - Primary Mortgage Institutions
Total: $49.85 million
49850000.00
49850000.00
Hipotecaria Su Casita, S.A. de C.V., SOFOM, E.N.R.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24296/hipotecaria-su-casita-s-a-de-c-v-sofol-warehousing-line
XM-DAC-903-SPI-24577
International Finance Corporation
BANSEFI AFORE
The proposed project is to invest in a start-up pension administration company (AFORE) being set-up by Banco del Ahorro Nacional y Servicios Financieros (BANSEFI), a development finance institution in Mexico and the Mexican Savings and Loan Sector. The AFOREs initial capitalization is estimated at up to MXN160 million ($15 million equivalent). IFCs participation is expected to be up to 18% of total equity, or up to $3 million equivalent approximately. Other international and domestic investors have also been invited to participate in the equity.
BANSEFI AFORE
Pedro Guazo, Director of Finance BANSEFI Phone: +52 (55) 5481-3357
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
BANSEFI is headquartered in Mexico City. It has a network of over 540 branches and serves approximately 3.2 million accounts. More than half its branches are in areas that are minimally served or not served by the formal financial sector.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
DA - Development Finance Company
Total: $3.00 million
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24577/bansefi-afore
XM-DAC-903-SPI-24672
International Finance Corporation
Vuela Project
The IFC investment is an IFC revolving credit line of $30 million for the financing of aircraft pre delivery payments and a $10 million loan to Controladora Vuela Compañia de Aviación, S.A de C.V. (Controladora) with Concesionaria Vuela Compañia de Aviación, S.A de C.V. as the guarantor (Vuela or the Company), a newly established low cost airline, branded as Volaris. The companys main line of business will be passenger air transportation mainly within Mexico. Vuela commenced operations on March 13, 2006. It will initially operate five routes with four aircraft throughout Mexico from its base at Aeropuerto Internacional de Toluca. By year five of operations, the Company plans to operate over 20 Airbus A319 aircraft and servicing over 30 routes. Vuela will provide substantially discounted fares in a market historically marked by limited competition and high fares. This will stimulate demand and make air transportation accessible for a larger share of the Mexican population, promote connectivity, and economic growth.
Vuela Compania de Aviacion, S.A. de C.V.
Concesionaria Vuela Compañia de Aviación, S.A de C.V. Paseo de la Reforma 505 piso 15 Edif. Torre Mayor, Col. Cuauhtémoc Mexico, DF 06500 Att: Fernando Suarez Chief Financial Officer Fernando.Suarez@volaris.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Vuela will be operating out of Aeropuerto Internacional de Toluca, located about 50 km from Mexico City.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Air Transportation
Total: $40.00 million
40000000.00
40000000.00
Vuela Compania de Aviacion, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24672/vuela-project
XM-DAC-903-SPI-24712
International Finance Corporation
Nexxus Capital Private Equity Fund III LP
Nexxus Capital Private Equity Fund III (Nexxus Capital III or the Fund) is a $200 million private equity fund that will target investments in middle-market Mexican companies. The Fund is designed to achieve superior returns by acquiring control or influential minority ownership positions in undervalued Mexican companies. The portfolio is expected to comprise companies in sectors such as finance and lending; home building; distribution and logistics; telecom and communications, business services, media and retail stores.
Nexxus Capital III is a follow-on fund to Zephyr-Nexxus Mexico I (ZNM I), a $76.5 million fund of vintage 1999, and Zephyr-Nexxus Mexico II (ZNM II), a $119.5 million fund of vintage 2002. IFC invested $15.3 million in ZNM I and $10 million in ZNM II. The prior two funds were established and managed by a joint venture set up by a local investment team (the Nexxus team) and Zephyr Management (Zephyr). The local team is now spinning off and seeking to raise a third fund on its own to take advantage of opportunities offered by Mexicos sustained economic expansion and positive demographic trends. The IFC project team proposes to support the local team in its evolution into the first Mexican-run private equity firm.
NEXXUS CAPITAL PRIVATE EQUITY FUND III LP
Mr. Luis Alberto Harvey
Mr. Arturo Saval
Managing Directors
Telephone Number: (011-5255) 529 23400
Fax Number: (011-5255) 529 23410
Address: Vasco de Quiroga #3880, 2nd Floor
Santa Fe, Cuajimalpa
03458, Mexico, D.F.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Fund will be formed as a Canadian limited partnership. The geographical focus of the investments will be Mexico. Also, the Fund could invest up to 20% of its capitalization in companies located in Central America and the US when these investments are part of a Mexican investment strategy. The fund management team will be operating from offices in Mexico City.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BA - Private Equity/Venture Cap Fund - Country
Total: $20.00 million
20000000.00
20000000.00
NEXXUS CAPITAL PRIVATE EQUITY FUND III LP
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24712/nexxus-capital-private-equity-fund-iii-lp
XM-DAC-903-SPI-24909
International Finance Corporation
Banco del Bajio
The proposed project consists of an equity investment and a standby line of credit to Banco del Bajio, S.A. (Bajio or the Bank), with the objective of supporting the expansion and consolidation of the Banks operations in Mexico. Banco del Bajio is a regional bank with significant presence in the northern, western and central regions of Mexico. The Bank is one of the most dynamic niche financial institutions and the 8th largest bank in Mexico in terms of assets; it focuses on three principal business lines: SMEs, agribusiness, and commercial banking. In recent years, the bank has diversified into high growth segments like mortgages and consumer loans. Leon-based Bajio is majority owned by Mexican investors with Spanish bank Banco Sabadell holding a 20% stake in the company. Since 1994, when the Bank initiated its operations, the network has grown significantly. As of December 31, 2005 total assets amounted to $3.69 billion, up from $463 million in 1994. Bajio currently employs close to 1,242 people in Mexico, compared with 25 in 1994, and the network is rapidly growing: Bajio ended December 2005 with 88 branches and plans to open more than 20 branches a year over the next decade in central and northwestern Mexico.
Banco del Bajío, S.A., Institución de Banca Múltiple
Mr. Joaquin Dominguez, Chief Financial Officer Av. Manuel J. Clouthier No. 508 Col. Jardines del Campestre Leon, Guanajuato 37128 Mexico Tel: (52 477) 710-4646 main Fax: (52 477) 773-4698 jdominguez@bb.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Banco del Bajio is headquartered in Leon, in the Mexican state of Guanajuato. As of FYE 2005 it operated 88 branches in 17 states in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AH - Commercial Banking - SME Finance
Total: $120.00 million
75000000.00
45000000.00
75000000.00
Banco del Bajío, S.A., Institución de Banca Múltiple
45000000.00
Banco del Bajío, S.A., Institución de Banca Múltiple
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24909/banco-del-bajio
XM-DAC-903-SPI-9755
International Finance Corporation
Financiera Compartamos
The new SOFOL, a regulated financial intermediary, will take over a quality microlending portfolio, reaching over 50,000 rural (mostly women) borrowers under a village banking technology and a growing clientele of new urban borrowers. With an average loan below US$140, the portfolio is truly composed of the poorest segments of the population. By placing the microlending operations of the NGO on a commercially viable basis, a much larger number of clients can be reached. IFC''s investment in the SOFOL would support the transition from a sustainable NGO operation to a for-profit regulated entity, by providing close to US$2 million of fresh funds to the new entity. These funds would be used to finance the portfolio purchase from the IAP. In addition, IFC''s equity investment, loan covenants and an IFC-sponsored policy statement, would strengthen Financiera Compartamos'' financial discipline, thus improving its access to capital markets. Furthermore, IFC could help the institution to secure credit enhancement if needed, boost the institution''s credibility with the authorities, the regulator, the commercial banks and the rating agencies, and introduce the institution to responsible environmental management.
Banco Compartamos, S.A., Institución de Banca Múltiple
Compartamos Schiller No. 329 Col. Chapultepec Morales Del. Miguel Hidalgo 11590 México, D.F. México Tel: 52 5 255 9470 Fax: 52 5 255 9496
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Financiera Compartamos works in 11 states in Mexico, including its headquarters in Mexico City. Its 23 branches are distributed as follows: Yucatan (1), Chiapas (4), Veracruz (2), Oaxaca (6), Mexico (3), Michoacan (1), Puebla (2), Tlaxcala (1), Coahuila (1), Nuevo Leon (1), Mexico City (1).
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AC - Commercial Banking - Microfinance and Small Business
Total: $1.90 million
1000000.00
900000.00
1000000.00
Banco Compartamos, S.A., Institución de Banca Múltiple
900000.00
Banco Compartamos, S.A., Institución de Banca Múltiple
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9755/financiera-compartamos
XM-DAC-903-SPI-24756
International Finance Corporation
MicroCred Mexico
MicroCred Mexico (the company) is a greenfield microfinance institution (MFI), which was created in January 2006. The company will propose a range of products from micro-loans for micro-enterprises to loans for small and medium-sized enterprises (SMEs). It will target local urban entrepreneurs with limited access to formal financial services in Mexico. The company will initially focus its activities on the state of Veracruz. MicroCred Mexico will be managed by local and international staff with prior experience in micro and small business lending. It will also be supported by technical assistance from PlaNet Finance Mexico.
The developmental impact of MicroCred Mexico is expected to be far reaching in terms of its economic support for productive micro-entrepreneurs, small businesses and SMEs, employment generation and providing access to finance to an underserved segment of the market.
Microcred Mexico, S.A.P.I de C.V. Sofom Enr
Mr. Arnaud Ventura, Managing Director and CEO MicroCred S.A. 13 rue Dieumegard 93400 Saint-Ouen Telephone : + 331 4921 2626 Fax : +331 4921 2627 e-mail: aventura@microcred.org www.microcred.org
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
MicroCred Mexico is headquartered in Veracruz, Mexico. The initial investment operations of the company will be based in Veracruz.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
HA - Microfinance and Small Business - Non Commercial Banking
Total: $4.93 million
0.00
4120000.00
810000.00
0.00
Microcred Mexico, S.A.P.I de C.V. Sofom Enr
4120000.00
Microcred Mexico, S.A.P.I de C.V. Sofom Enr
810000.00
Microcred Mexico, S.A.P.I de C.V. Sofom Enr
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24756/microcred-mexico
XM-DAC-903-SPI-25133
International Finance Corporation
Su Casita WHL II
Hipotecaria Su Casita, S.A. de C.V. (HSC or Su Casita) is a Sofol, or a special-purpose financial company, whose main function is to extend mortgage loans to low-income individuals and to provide construction financing to developers of low-income housing. Su Casita was established in 1994. It has 114 braches in Mexico. The company is first in market share, controlling approximately 21% of the market served by housing Sofoles, based on total loan portfolio. As of December 31, 2005, it had total assets of $2.4 billion equivalent and shareholders equity of $182 million equivalent. Su Casita is rated A3.mx (national scale issuer rating), and Ba3 (global scale local currency issuer rating) by Moodys, and A- mx by Standard and Poors (S&P). It has a servicer rating of SQ2 from Moodys - the rating ranges from SQ1(strong) to SQ5 (weak), and Excellent by S&P. Su Casitas business growth has been robust and the company expects this growth to be maintained, which calls for increased funding over the next three years. In anticipation of these needs, IFC is considering firming up a package of up to $240 million to be able to expedite future requests for funding from the company. Within this package, a first loan of $70 million, a warehouse line of credit, will finance the origination of eligible mortgage loans, as defined by IFC, in the low- to middle-income segment of the Mexican housing market, and provide a steady pipeline of mortgage loans to support HSCs on-going securitization program. This loan will also enable Su Casita to free up its balance sheet of assets so securitized.
The first loan under the project is expected to have the following development impacts: - Extending mortgage financing to a large section of previously underserved groups By providing increased sources of financing to these and the middle-income segments of the domestic population, the project will help address Mexicos housing deficit and enable the purchase of homes by a large section of the low-income to middle-income population segments. - Developing the local capital market The project will assist in the development of the local capital market through Su Casitas ongoing securitization program. The continuous issuance of MBS in the local capital market helps support the development of an asset class that fits well with the investment needs and objectives of institutional investors in Mexico. - Enabling funding through non-governmental means Su Casita will gain access to a much-needed alternative source of funds as it phases-off from SHF as its funding source.
Hipotecaria Su Casita, S.A. de C.V., SOFOM, E.N.R.
Mr. Manuel Campos, Vice President Av. San Jeronimo No. 478, 4to. Piso Col. Jardines del Pedregal México, D.F. 01900 Telephone: 52-55-5481-8206 Fax: 52-55-5481-8353
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Hipotecaria Su Casita is headquartered in Mexico City, Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
EA - Primary Mortgage Institutions
Total: $239.16 million
79540000.00
159620000.00
79540000.00
Hipotecaria Su Casita, S.A. de C.V., SOFOM, E.N.R.
159620000.00
Hipotecaria Su Casita, S.A. de C.V., SOFOM, E.N.R.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25133/su-casita-whl-ii
XM-DAC-903-SPI-25304
International Finance Corporation
OEH - Mexico
Orient Express Hotels (OEH) is a leading hotel and leisure group that owns and operates around 50 tourism properties across 25 countries. The proposed project is to invest in the renovation and expansion of operations of Casa de Sierra Nevada, Mexico, a boutique hotel in San Miguel de Allende, Mexico from 33 rooms to 60.
The project would lead to increased foreign exchange earnings, job creation, potentially higher room rates and strengthened links with tourism related SMEs (building craftsmen, art galleries, restaurants, handicrafts) in this area. Additionally, the project will play a role in strengthening international interest in Mexicos significant history and cultural assets.
Belmond Ltd.
Justin Andrews Orient Express Hotels 1114 Ave of the Americes 38th Floot New York, NY 10036 USA Email: jandrews@oeh.com Telephone: +1.212.302.5055
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The project will be located in the town of San Miguel de Allende in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AB - Resort Hotel (Including Lodges)
Total: $25.00 million
25000000.00
25000000.00
Belmond Ltd.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25304/oeh-mexico
XM-DAC-903-SPI-25352
International Finance Corporation
Alta Growth Capital Mexico Fund L.P.
IFC proposes to make an investment of up to $20 million in Alta Growth Capital, Mexico Fund, LP (Alta Growth or the Fund), a private equity fund that seeks to invest in medium-size companies in Mexico with enterprise values between US$20 million to $100 million. In the first closing of the Fund, IFC will invest up to $15M. Additional $5M may be invested in subsequent closings based on fund-raising progress. This represents a slight increase from the original SPI which proposed up to $15M. Alta Growth will be structured as a Canadian limited partnership, with a target size of at least $150 million. The Fund will focus on businesses in the under served lower end of the middle market where there is substantial deal flow with low competition from bank and local private equity funds. The Fund will seek to make 8-10 investments with an average investment size of $10-20 million. Alta Growths investment strategy has developed as a response to shrinking financing to Mexican small and medium enterprises (SMEs) over the last decade. While financing to companies has decreased, consumer lending (including credit cards and mortgages) is growing. This combination has created a financing gap. Without growth capital, local companies will not keep up with current demand.
The Fund will contribute to the economic development of Mexico by supporting 8-10 medium size companies. Shrinking bank financing has left middle-market companies with few funding alternatives. The Fund is well positioned in Mexico to invest in good mid-size companies that need a strong partner to help them develop and succeed in an increasingly competitive global marketplace. The experience of the Alta Growth team in private equity investment, financial restructuring and corporate governance will be important components of these companies growth and development. The Fund Manager will adhere to local and the World Bank Groups environmental standards.
ALTA GROWTH CAPITAL MEXICO FUND LP
Mr. Erik Carlberg, Managing Director Alta Growth Capital, Mexico Fund, LP Telephone: (52 55) 5254 - 3280 Homero 440 9th Floor Col. Polanco 11560 Mexico, D. F. Mexico E-mail: ecarlberg@agcmexico.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Alta Growth will invest in mid-size companies located in Mexico. The Fund may invest up to 20% of its capital commitments in Central America, where the investment opportunity involves a Mexican business.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BA - Private Equity/Venture Cap Fund - Country
Total: $20.00 million
20000000.00
20000000.00
ALTA GROWTH CAPITAL MEXICO FUND LP
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25352/alta-growth-capital-mexico-fund-l-p
XM-DAC-903-SPI-25362
International Finance Corporation
FINEM Edu Loans
Financiera Educativa de Mexico SA de CV (Finem) is a specialized non-bank financial institution that focuses on financing the education sector in Mexico. IFC previously committed financing facilities to support the initiation of Finems business, which is aimed at providing peso denominated loans to privately-owned schools and higher education institutions, to help fund their expansion and modernization programs. In addition, Finem also provides advisory services or technical assistance in a wide range of managerial or technical disciplines, to help qualifying clients reinforce the quality of their management and become more viable and competitive firms.
The Project presented herein is a $15 million equivalent loan facility aimed at supporting Finems new student loan business. Finems goal at this stage is to finance loans originated at the university level. This will enable Finem to gain expertise in the business without initially having to build full servicing capabilities, which could be developed at a later stage.
The project will enhance access to higher education in Mexico by supporting the development of the private sector student loan market. Improved access to student financing will be critical in realizing the enrollment expansion rates that both Government and private sector analysts expect to take place in the medium term.
In addition to this, a well developed student loan market could help to improve equality in access to education in Mexico, by enabling mid and lower income students to finance their post-secondary education with long term loans. Finally, developing the student loan market deepens financial markets by adding a new asset class for financial institutions and investors.
FINANCIERA EDUCATIVA DE MEXICO, S.A. DE C.V.
Mr. Francisco Gonzalez-CosGeneral ManagerFinanciera Educativa de Mexico S.A. de C.V.Bosque de Alisos 45-A, Edificio OrienteCol. Bosques de las LomasTel. 9177 9380E-mail: fgonzalezcos@finem.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Finem is headquartered in Mexico City and does not plan to operate branches or local representation offices outside Mexico City at this stage.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
FA - Other Non-Depository Credit
Total: $14.45 million
14450000.00
14450000.00
FINANCIERA EDUCATIVA DE MEXICO, S.A. DE C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25362/finem-edu-loans
XM-DAC-903-SPI-25577
International Finance Corporation
Petstar Project
Petstar S.A. de C.V. (Petstar) will construct and operate a bottle-to-bottle plastic recycling facility that will convert post-consumer polyethylene terephthalate (PET) bottles into food-grade, recycled PET resin that will be sold to the Mexican soft-drinks bottling industry. The plant will be located in Toluca, in the State of Mexico, and will have a production capacity of 20,000 tons per year. The discarded PET bottles that the plant recycles will reduce the volume of municipal solid waste generated in Mexico and will reduce the consumption of virgin PET by bottle manufacturers.
Petstars wholly owned subsidiary, Avangard Mexico S.A. de C.V. (Avangard), is the largest collector of post-consumer plastic in Mexico. In 2006, it collected over 74,000 tonnes of PET. Avangard sorts, bales and grinds the PET and currently exports most of its product to the U.S. and China. It will exclusively supply the Petstar recycling facility.
The project is expected to generate 63 locally filled jobs at the recycling facility and additional jobs will be created in Avangards operations as its collection activities expand. The project will also indirectly support Avangards supply chain which the company estimates provides an income to approximately 25,000 people. Avangard sources waste PET bottles from over 1,300 suppliers nationally and supply sites include waste separation centers, deposit centers, rural communities, schools and waste disposal sites. At waste disposal sites individual garbage sorting and recycling workers (known in Mexico as pepenadores) labor in poor working conditions, very often as family units. Petstar is developing a programmatic social engagement plan directly targeted at addressing this systemic issue, thereby reducing the incidence of harmful informal child labor within its supply chain.
By converting waste drinking bottles into a usable, valuable manufacturing input, the project will support improved waste management in Mexico. PET bottles are non-biodegradable, high-volume items that are causing an increasingly unsightly waste disposal problem throughout Mexico. By reducing the volume of waste entering landfills, PET recycling increases the life of existing sanitary landfills, supporting Mexicos limited waste management infrastructure. The project involves technology transfer of PET recycling equipment that is currently mainly used in developed countries and will provide a demonstration of a successful private sector recycling business in Mexico.
As well as meeting market demand for a locally produced product, the recycling project will result in displacement of petroleum-based virgin raw materials that can be made available for other productive uses. The project will also contribute to government tax revenues.
Petstar, S.A.P.I. de C.V.
Jaime Camara - Director General
AVANGARD MEXICO, S.A. de C.V.
Henry Ford 298
Col. Bondojito
07850 Mexico, D.F.
Tel. (52-55)5771-8300 ext 1110
jcamara@avangard.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Petstar facility will be constructed in the industrial park of Parque Industrial San Cayetano, outside the city of Toluca, in the State of Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BB - Waste Treatment and Management (Except Wastewater)
Total: $13.50 million
13500000.00
13500000.00
Petstar, S.A.P.I. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25577/petstar-project
XM-DAC-903-SPI-25782
International Finance Corporation
Banco Comercial del Noreste, S.A.
The proposed project consists of an equity investment, in the form of common shares, in Banco Amigo (BA or the Bank), a newly established microfinance bank. IFCs equity investment would be up to MXN 77.0 million ($7.2 million equivalent), or up to an 18% equity stake. IFC will also provide a loan of up to MXN 110.0 million ($10.3) to the Bank, and an advisory services package to support the Banks credit scoring/credit evaluation methodology, training loan officers and the introduction of new products and services.
The proposed project is expected to have a high development impact in the following areas:
- Significant Contribution to Economic Development and Financial Intermediation:
Creation of a new microfinance institution: Banco Amigo is a newly-created microfinance institution, and while the State of Nuevo Loan has adequate banking services, Mexico has a great need for microfinance institutions to serve the poor and low income populations. New, well-capitalized, microfinance banks should lead to an improved financial infrastructure.
- Scaling up microfinance:
This project involves scaling up a greenfield microfinance institution by providing it with the necessary equity and debt funding to become profitable and expand operations. If successful, it is expected that this model could be replicated in other countries.
- Contribution to Poverty Reduction:
Extension of finance to previously underserved groups: Small and micro businesses across continents lack adequate sources of funding. IFCs investment will result in increasing the availability of financial services to this large, underserved group. Supporting productive small businesses should then stimulate growth, generate employment and reduce poverty.
Banco Amigo, S.A. de C.V.
Mr. Daniel Martinez
Banco Amigo
Tel: 81-81742522
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Banco Amigo has its head office in Monterrey, Mexico.
Address: Padre Mier No. 249, Tercer Piso, Centro Monterrey, N.L. 64000
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AC - Commercial Banking - Microfinance and Small Business
Total: $17.41 million
10240000.00
7170000.00
10240000.00
Banco Amigo, S.A. de C.V.
7170000.00
Banco Amigo, S.A. de C.V.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25782/banco-comercial-del-noreste-s-a
XM-DAC-903-SPI-26164
International Finance Corporation
Vertice HF / EE
The proposed project consists of a two-stage, long term revolving credit facility of up to MXP445 million ($40 million-equivalent) to Hipotecaria Vértice Sociedad Financiera de Objeto Limitado (Vértice or the company), to allow the company to provide additional mortgage financing to middle-and lower-income home buyers; as well as an equity investment of up to $6 million-equivalent to support the companys growth strategy, with an option for IFC to purchase up to an additional $2 million-equivalent amount of Vértices equity. Some of the homes being financed with proceeds from the IFC credit line may involve dwellings that have been designed and constructed to include pre-determined energy-efficiency and/or natural resource-conservation features (such as solar-powered water-heaters). IFCs Mexico housing finance strategy is currently in a transition stage, moving from a period of high investment in the primary and secondary mortgage segments towards a focus on funding mobilization, as well as targeted interventions involving specific niches and underserved areas of the countrys housing markets. The project represents an example of the latter component of this overall strategy, where IFC aims to partner with innovative and/or mid-sized entities in the sector in order to support the introduction of new types of affordable housing finance products.
The development impact of IFCs financing to Vértice is expected to be high in the following areas: - Extending mortgage financing to previously underserved groups: The project will help address Mexicos housing deficit, and enable the purchase of homes by lower-income population segments. - Enabling incremental funding of housing finance activities through non-governmental means: Vértice will gain access to a much-needed alternative source of funds, as it seeks to replace financing currently obtained directly or indirectly from SHF. - Improving energy-efficiency and natural resource-conservation efforts in Mexican households, by making available financing for homes with specific energy-efficiency and resource-conservation features.
HIPOTECARIA VERTICE, S.A. DE C.V.
Samuel Suchowiecky, CEO Boulevard Manuel Avila Camacho 36, Piso 20 Colonia Lomas de Chapultepec México DF 11000, México Torre Esmeralda II (55) 5980 8211
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The company is located in Mexico City and it has branches in Guadalajara, Villa Hermosa, Puerto Vallarta, Tijuana, and Queretaro.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
EA - Primary Mortgage Institutions
Total: $48.00 million
40000000.00
8000000.00
40000000.00
HIPOTECARIA VERTICE, S.A. DE C.V.
8000000.00
HIPOTECARIA VERTICE, S.A. DE C.V.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26164/vertice-hf-ee
XM-DAC-903-SPI-26206
International Finance Corporation
Agrofinanzas
The project consists of an IFC investment of approximately $10 million to Agrofinanzas S.A. de C.V., Sociedad Financiera de Objeto Limitado (Agrofinanzas or the company) to be on-lent to small and medium agribusiness enterprises (Agri-SMEs) in Mexico. Agri-SMEs include farms, agricultural product processing and extends to related services. The IFC investment will directly support the companys portfolio growth. Agrofinanzas is a non-bank financial institution specialized in lending to Agri-SMEs. Agrofinanzas began operations in 2005. As of March 2007, the companys total assets and total equity amounted to $20.6 million and $5.8 million equivalent, respectively. At present, most of Agrofinanzas borrowings come from FIRA (Fideicomisos Instituidos en Relacion con la Agricultura), a group of trusts managed by the Central Bank that support the growth of the agribusiness and rural sectors in Mexico. The IFC financing will support the companys funding diversification effort.
The project supports rural development and access to finance for Mexicos Agri-SMEs, which are traditionally underserved by the financial sector. The monitorable indicators of the development impact of the project will be: - the number and amount of loans and clients reached; - the companys portfolio sectorial and geographical diversification, - the companys market share amongst specialized agribusiness financial intermediaries, and - the companys ability to diversify its funding.
BANKAOOL, S.A., INSTITUCION DE BANCA MULTIPLE
Jean-Baptiste Gauthier, General Manager AgroFinanzas, S.A. de C.V. Bosque de Alisos No. 45-A 2º Piso Bosques de las Lomas Delg. Cuajimalpa 05120 Mexico D.F.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Agrofinanzas is headquartered in Mexico City, Mexico. The loan proceeds will be distributed throughout the country.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
CA - Finance Companies
Total: $11.14 million
9140000.00
2000000.00
9140000.00
BANKAOOL, S.A., INSTITUCION DE BANCA MULTIPLE
2000000.00
BANKAOOL, S.A., INSTITUCION DE BANCA MULTIPLE
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26206/agrofinanzas
XM-DAC-903-SPI-26292
International Finance Corporation
Vinte Viviendas Integrales, S.A. de C.V.
The proposed project consists of an IFC long term revolving facility of up to $12.5 million equivalent Mexican peso revolving facility to finance its working capital requirements for the construction of low income housing developments. To complement the financing of the companys investment plans for the next three years, the company is also inviting IFC to make an up to $5.0 million equity investment in the company that will support the companys long-term investments. Despite improvements in the access to finance for the housing sector in Mexico, mid-size housing developers still continue to face constraints in accessing medium to long-term financing. Their options are limited to project specific bridge loans offered by SOFOLES (local mortgage financial institutions), which are very rigid. This lack of alternatives results from the financial markets lack of interest in lending on a corporate basis to second tier housing companies, in addition, the issuance of commercial paper or bonds on the domestic market is not a cost-effective financing alternative for mid size housing companies due to investment amounts required from institutional investors and the setup & maintenance costs of such capital markets structures.
IFC has been successfully involved in the evolution of the Housing Finance sector in Mexico, by covering the housing finance chain in full: from the supply side to the mortgage origination and secondary markets development. This, together with the environment of macroeconomic stability of the country during the last ten years, and the Governments agenda to prioritize the housing sector, have boosted the demand for housing from the low and middle income population. By providing direct financing to the housing developers, IFC will be complementing its existing strategy in Mexico, by further developing the housing sector from the final product supply side of the chain. The project will contribute to the development of supply of housing in Mexico to match the already originated supply of mortgage loans. The IFC has selected Vinte as the first developer worldwide to be granted with direct funding given the potential impact on the companys growth, and to help it implement new initiatives that would improve low and mid income families way of living. The proposed facility can be replicated with several other second tier housing developers, and can therefore have a demonstration effect. The facility will contribute: - to facilitate increased competition in the housing sector by promoting the growth of mid-sized developers that currently face substantial financing limitations compared to a limited number of large publicly-traded home builders; - to promote the development of more efficient financing products to the sector by SOFOLES and commercial banks; - to encourage improvements from the eco efficiency perspective, which could generate environmental and financial benefits for the developer and the house owner.
Promotora de Viviendas Integrales, S.A. de C.V.
Domingo Valdes, Finance Director Vinte Torre del Angel. Paseo de la Reforma 350 Piso 11. Col. Juárez C.P. 06600, México D.F. Telephone: (52 55) 9171 1527 E-mail: domingo.valdes@realparaiso.com This environmental and social review summary will be disclosed at the above location.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The company is domiciled in Tecamac, Estado de Mexico, Mexico. Construction activity supported by the IFC Revolving Facility could be anywhere in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Construction and Real Estate
Total: $22.50 million
12500000.00
10000000.00
12500000.00
Promotora de Viviendas Integrales, S.A. de C.V.
10000000.00
Promotora de Viviendas Integrales, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26292/vinte-viviendas-integrales-s-a-de-c-v
XM-DAC-903-SPI-26323
International Finance Corporation
CentroMedico II
The proposed project involves the construction of a new 57-bed hospital in the Tlajomulco District, located in southern Guadalajara, Mexico. The new hospital will focus on trauma and oncology services, and will complement the existing ambulatory surgical center and 86-bed hospital, that Controladora de Servicios Medicos AG S.A. de C.V. (CMPDH, Centro Medico, or the company) has in northern Guadalajara. In addition to the new hospital and in line with the existing facilities, the project also includes the construction of medical offices to be sold to third party doctors.
The project will:
- increase access to healthcare for underserved populations,
- act as a center of excellence not only for Guadalajara, but for Mexico as a whole,
- deepen reach to lower income market segments,
- provide opportunities for increased efficiency, allowing for the provision of more cost-effective health services, and
- increase the availability of high-skilled employment in the Guadalajara metropolitan area.
CONTROLADORA DE SERVICIOS MEDICOS S.A. DE C.V
Mr. Alejandro Gil Luna
Blvd. Puerta de Hierro No.5150
Plaza Corp. Zapopan, C.P. 54116
Guadalajara, Mexico
Telephone: + 33-3848-4052
Fax: + 33-3848-4007
E-mail: alejandro.gil@cmpdh.com
Website: http://cmpdh.mexdesign.org/
The environmental and social documentation (ESRS and ESAP) will be made available locally at the above location.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The new hospital will be constructed on a plot of land in the Tlajomulco District of southern Guadalajara, Mexico. The hospital will be located on main highway that is the principal southern entry point into Guadalajara.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Hospitals and Clinics
Total: $17.81 million
17810000.00
17810000.00
CONTROLADORA DE SERVICIOS MEDICOS S.A. DE C.V
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26323/centromedico-ii
XM-DAC-903-SPI-26328
International Finance Corporation
Bioparques Project
Bioparques de Occidente, S.A. de C.V. (Bioparques or the company), a greenhouse tomato producer is undertaking a $25 million investment program between 2005 and 2008 to add 85 hectares of hydroponic greenhouses and a packing facility to its existing greenhouses in the state of Jalisco, Mexico. The investment includes acquisition of additional land, greenhouses and irrigation equipment, infrastructure and working capital.
The investment will support the growth of a competitive tomato producer in Mexico through: - unit cost reduction and higher utilization of capacity and economies of scale; and - higher prices thanks to long term contracts with US vendors. Fresh tomatoes represent over 10% of Mexicos agricultural exports to the USA. Other benefits: - Improve the lives of 2,400 seasonal employees by providing full time employment; - Help the company to further improve its social and environmental sustainability; - Assist the company in sponsoring housing permanent housing for its full time workers.
Bioparques de Occidente, S.A. de C.V.
Eduardo de la Vega, CEO Juan Jose Rios 723 Pte. Col. Almada Culiacán, Sinaloa, Mexico The environmental documents will be made available at the following location: Presidencia Municipal, San Gabriel, Jalisco. Calle Manuel C. Michel No. 13, San Gabriel, Jalisco. CP 49700 Telephone: 01 343 42 7 00 03; 01 343 42 7 06 01
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Bioparques is located in the municipality of San Gabriel in the state of Jalisco. The expansion project will be located 4 km from the existing site which is predominantly rural and about 140 km from the city of Guadalajara. The site is served by the Cd. Guzman El Grullo highway. Bioparques management is located in Culiacán in the state of Sinaloa.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AF - Fruits and Vegetables
Total: $12.00 million
12000000.00
12000000.00
Bioparques de Occidente, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26328/bioparques-project
XM-DAC-903-SPI-26338
International Finance Corporation
Fomento Agroindustrial Progresemos SFOM
The project is to extend a Mexican Peso (MXN) line of credit of up to MXN 40 million to Fomento Agroindustrial Progresemos, S.A. de C.V., SOFOM, ENR (Progresemos or the company) to support the Companys loan portfolio growth. IFC will also provide Advisory Services of a form and nature to be agreed between IFC and the company. The clients that would benefit with this credit line are women entrepreneurs in the micro and small enterprise category located, initially, in the states of Oaxaca, Chiapas, Tabasco, Campeche, Morelos, Michoacan and Veracruz.
The expected development impacts of the project will be:
- Progresemos loan portfolio growth and the number of active clients in the target sector;
- The number of local MFIs partnered with Progresemos;
- The number of local MFIs benefiting from Progresemos technology platform and operating procedures;
- The number of local MFIs where Progresemos participates in the decision making process.
FINANCIAMIENTO PROGRESEMOS SA DE CV SOFOM ENR
Roberto Flores Athie
COO
Miguel Laurent 15-Bis, Desp. 103
Col. Del Valle
C.P. 03100, Mexico D.F.
Mexico
Telephone: +52 (55) 55752009 ext. 102
Fax: +52 (55) 5573605
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Progresemos is headquartered in Mexico City. Through its strategic partners Progresemos has presence in the following states: Oaxaca, Chiapas, Tabasco, Veracruz, Morelos, Michoacan and Campeche. Some of the states, such as Oaxaca, Michoacan and Chiapas, have populations that are among the lowest in economic strata in Mexico, and with high potential for microlending to small entrepreneurs.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
HA - Microfinance and Small Business - Non Commercial Banking
Total: $3.68 million
3680000.00
3680000.00
FINANCIAMIENTO PROGRESEMOS SA DE CV SOFOM ENR
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26338/fomento-agroindustrial-progresemos-sfom
XM-DAC-903-SPI-26671
International Finance Corporation
Calidra III
Grupo Calidra (Calidra or the company) is an existing IFC client. The company is Mexico''s leading producer of lime and lime-related products. The company produces construction hydrated lime, quicklime, dolomitic lime, chemical hydrated lime, and calcium carbonate products. Calidra operates twenty plants in Mexico and one in Honduras. Calidra has approached IFCs for assistance in financing its capital investment plan from 2008 to 2010, consisting of: - the modernization of some of Calidras production facilities; - Calidras international expansion; and - investments aimed at increasing Calidras energy efficiency.
The proposed corporate financing package would be Calidras first loan for corporate uses as all its previous long-term loans, including IFCs were tied to specific investment projects. A good combination of sufficient available credit amounts, long tenor and reasonable costs to support its corporate financing needs will provide Calidra with the financial flexibility to undertake the investment program which is anticipated to contribute to: - Immediately improve energy efficiency and mitigate environmental footprint: Calidras investment program includes shutting down six obsolete, inefficient and highly pollutant kilns (part of a recent acquisition) and replacing them with state-of-the-art technology. - Raise industry standards in terms of health and safety, environment, energy and cost efficiency. With the implementation of environmental, health, and safety (EHS) management systems and procedures, the programs to mitigate EHS impacts, the assignation of dedicate personnel to handled these aspects a at corporate and plant levels as IFC requirement, and the initiatives to optimize raw materials, energy and water consumption, Calidra is helping to improve the air quality and raise the overall EHS performance of lime extraction and production in Mexico. The recently acquired facilities are representative of the operations of the rest of the players in the industry (i.e. old technology, minimum environmental, health and safety programs and goals.) - Increase usage of lime of lime for industrial usage: Calidra produces a basic industrial product that supplies the construction, industrial and agricultural/food processing industries. Calidra is increasingly targeting sectors such as glass making, water purification and treatment, thermal plants, and food and pharmaceutical industries, which can benefit from the greater use of lime but which in Mexico have historically used comparatively little lime. Through a more efficient production of lime, several industries will benefit by having access to a higher quality product at competitive prices.
Grupo Calidra, S.A. de C.V.
Mr. Roberto Amoros Av. Vasco de Quiroga #1800 Piso 4 Colonia Santa Fe 01210 Mexico, D.F. Mexico Telephone: (5255) 5259 1190 Fax: (5255) 5259-1172 Website: http://www.calidra.com/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Calidra operates twenty plants across Mexico and one in Honduras. Nine of its plants comprise quarrying, calcination, hydration and packaging, 11 plants are combined hydrators and packaging operations, and one paper bag manufacturing plant. Calidras modernization plans will include several of its facilities, primarily those that were recently acquired and are located in the Mexican State of Jalisco.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
CA - Miscellaneous and Industrial Ores (Including Magnesite, Fluorite, Sulfur, Soda Ash, Clays, Gypsum, Lime, Peat, Boron, Diatomite, Feldspar, etc.)
Total: $45.00 million
45000000.00
45000000.00
Grupo Calidra, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26671/calidra-iii
XM-DAC-903-SPI-27480
International Finance Corporation
North American Software S.A. de C.V.
North American Software S.A. de C.V. (Nasoft or the company) was founded in 2000 as a private Mexican enterprise, providing business applications consulting services in Mexico, Central America and the United States. Nasoft serves primarily large domestic and international private sector companies, and progressively a growing number of SMEs. Nasoft is a top business partner of leading enterprise software application vendors. The companys growth strategy is built on offering innovative outsourcing models in order to serve more companies in less affluent markets. The project will help finance Nasofts growth and expansion strategy through: - improving product packaging and promotional material, - providing general working capital for capacity building, and - continuing its expansion to selected markets in Mexico and Central America.
Nasofts services contribute to the adoption of better business processes and accounting reporting compliance for enterprises, especially SMEs. The typical business application consulting services implementation includes a review, and as appropriate, improvement of the clients accounting practices, internal controls and reporting requirements. Nasofts offering makes it possible for SMEs to adopt top enterprise software applications such as SAP and Oracle, and the associated better practices at an affordable and cost effective manner, as SMEs are able to pay for the usage without major investments in expensive licenses and IT infrastructure. The project will help catalyze the emergence of a strong regional player in the IT services segment with the potential to establish joint ventures with other IT service companies in the region, replicating many of the solutions already in place in Mexico City. Nasofts services are being scaled up across and replicated in other cities in Mexico and Central America. Companies similar to Nasoft contribute to the growth of and innovation in the IT sector. The IT sector is a creator of high quality employment opportunities, due to the highly skilled labor requirements for delivering world-class, competitive products and services. Nasoft offers college graduates an opportunity to apply their talents and knowledge to innovative technical solutions in many sectors (such as retail, banking, and manufacturing), thereby creating a domestic alternative to brain-drain foreign destinations. Nasoft already has a Central American office in San Jose, Costa Rica, from where regional sales of business applications consulting services are coordinated. The use of proceeds from this project includes penetrating further the Central America market. As data communications infrastructure improves in the region, Nasoft will consider establishing regional hosting centers from where an outsourcing offering will be possible, benefiting SMEs in the region, some potentially located in IDA countries and frontier regions.
North American Software, S.A.P.I. de C.V.
Manuel Senderos Chief Executive Officer Bosques de Alisos No. 45-B 2do Piso, México City, D.F. 05120 México Tel: +52-55-5258-5814 Fax: +52-55-5258-1410 msenderos@nasoft.com www.nasoft.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Nasoft is headquartered in Mexico City, Mexico, and has offices in the US and Central America. Investments will be made throughout Mexico and Central America.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BA - Computer Systems Design and Related Services (System Integration, Custom Computer Programming, IT Services etc.)
Total: $8.00 million
8000000.00
8000000.00
North American Software, S.A.P.I. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27480/north-american-software-s-a-de-c-v
XM-DAC-903-SPI-27603
International Finance Corporation
CentroMedico III
The proposed project involves the construction of two new 40-bed hospitals in the cities of Tepic, State of Nayarit, and Colima, State of Colima, in Mexico. The new hospitals will offer general primary, secondary and tertiary care and will add to the existing ambulatory surgical center and 86-bed hospital that the company operates in northern Guadalajara, as well as the 60-bed hospital under construction in southern Guadalajara. In addition to the new hospitals and in line with past projects, this new Project also includes the construction of medical offices to be sold to third party doctors; in this Project, around 40% of the office space will be leased rather than sold.
The project will:
- increase access to healthcare for underserved populations,
- deepen reach to lower income market segments,
- increase the availability of high-skilled employment in the Tepic and Colima metropolitan areas.
CONTROLADORA DE SERVICIOS MEDICOS S.A. DE C.V
Mr. Alejandro Gil Luna
Blvd. Puerta de Hierro No.5150
Plaza Corp. Zapopan, C.P. 54116
Guadalajara, Mexico
Telephone: + 33-3848-4052
Fax: + 33-3848-4007
E-mail: alejandro.gil@cmpdh.com
Website: http://cmpdh.mexdesign.org/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The new hospitals will be constructed on plots of land in the Tepic, State of Nayarit and Colima, State of Colima, two cities in western Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Hospitals and Clinics
Total: $12.00 million
12000000.00
12000000.00
CONTROLADORA DE SERVICIOS MEDICOS S.A. DE C.V
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27603/centromedico-iii
XM-DAC-903-SPI-28070
International Finance Corporation
EDF La Ventosa
Eléctrica del Valle de México S. de R.L. de C.V. (EVM or the Company) is currently developing and constructing a 67.5 MW greenfield wind power plant that consists of the installation of 27 Clipper Liberty wind turbine generators with a nominal capacity of 2.5 MW each, an associated substation and control facilities, and a 115 kV transmission line from the Project site to the Juchitán II substation of Comisión Federal de Electricidad (the Project).
The Project is located in the Ejidos of La Mata and La Ventosa in the Isthmus of Tehuantepec, 15 km north of the city of Juchitán in the State of Oaxaca, Mexico. The Project is configured as a line of 20 turbines in La Mata and a separate line of seven turbines in La Ventosa, both of which are approximately 2.5 km from the nearest community. The Isthmus of Tehuantepec has one of the most prolific wind resources globally, and the Project is expected to produce approximately 290 GWh annually on average over a 10 year period, which corresponds to approximately 49% capacity utilization. The Project is being developed under Mexicos self-supply or autoabastecimiento framework and will supply its energy to four subsidiaries of Wal-Mart de Mexico S. A. B. de C.V. under 15-year self supply power purchase agreements.
Project construction is well advanced: all 27 turbines are erected, the substation and control facilities are complete and the transmission line is completed. According to current estimates, the Project is expected to be complete and commissioned by year-end 2009.
The Project will have a number of important benefits, including:
(i) Supporting the Government of Mexico in its pledge to aggressively reduce its greenhouse gas emissions by 30% by 2020 and transition to a low carbon economy. The Project is expected to generate approx. 290 GWh per annum of clean, non-fossil fuel dependent electricity generation that will displace an estimated 156,000 tCO2e per annum, leading to improved air quality and climate change mitigation;
(ii) Contributing to economic and community development in the Ejidos of La Mata and La Ventosa, one of the poorest areas in the State of Oaxaca and Mexico. The Project will provide an important monthly income source to the individual ejidatario landowners upon whose land the wind farm and associated transmission interconnection facilities are installed. In addition, each of the landowners will continue to have access to and use of their land which can continue to be used for agricultural activities. While construction is now largely complete, the Project created approx. 150 temporary local jobs under an initiative to employ local community members, including women, for unskilled labor positions during the construction phase of the Project. In addition, EVM utilized selected construction equipment and materials, such as gravel, sourced from the local community for the Project. Finally, in consultation and coordination with the local community, EVM will also implement and undertake a community development program following the completion of the Project to ensure continued benefits to the Ejido communities;
(iii) The Project will also have an important demonstration effect and send a market signal to global wind power developers that the Mexican wind power market is viable and ready for scale-up. Despite the fact that the Isthmus of Tehuantepec has a world-class wind resource with average wind speeds in the 8-12 m/s range, Mexico had only 88 MW of fully-commissioned and operational wind projects at the end of 2008; with four additional wind projects (including the EVM project) completing their construction during 2009 and in various phases of final commissioning and interconnection to the Mexican power grid. The successful completion and project financing of the incremental 67.5 MW of installed capacity of Project the will send an important signal thereby helping to catalyze and accelerate the development of wind power potential in the State of Oaxaca; and
(iv) Cumulative assessment of bird impacts will be a first in the Project geographic area and ongoing monitoring and collection of additional bird data is anticipated to eventually result in development of a standard collision risk model for avian impact assessment for the wind sector in the Isthmus of Tehuantepec. This will be a significant tool for assessing wind project impacts and have a demonstration effect for the industry and would ultimately support and enable Government of Mexico policy.
ELECTRICA DEL VALLE DE MEXICO, S. DE R.L. DE C.V.
Ricardo Whaley
Eléctrica del Valle de México S. de R.L. de C.V.
Insurgentes Sur 1377,
México D.F. 03920
Tel +52-55-5482-5260
ricardo.whaley@evmexico.com
or
Víctor Tamayo
Eléctrica del Valle de México S. de R.L. de C.V.
Av. Morelos 18 B,
Juchitán de Zaragoza, Oaxaca 70000
Tel +52-971-712-1350
victor.tamayo@edf-en.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Project is being developed in the Ejido of La Mata in the municipality of Asunción Ixtaltepec in the State of Oaxaca, and the Ejido La Ventosa in the municipality of Juchitán de Zaragoza in the State of Oaxaca, Mexico.
The turbine towers are located along two lines: one comprised of 20 wind turbine generators covering approx.4.8 km in length in La Mata and the other comprised of seven wind turbine generators covering approx. 1.7 km in La Ventosa.
The Project also consists of an associated substation located adjacent to the La Mata turbine row and a recently completed toll-road, and a 10-km 115 kV transmission line from the Project site to the Juchitán II substation of Comisión Federal de Electricidad (CFE) that will run parallel to CFEs existing transmission line. Once completed, the new transmission line will replace CFEs existing line and will be transferred to and operated by CFE.
The Project site is located in an area of agricultural farmland used primarily for sorghum cultivation and livestock grazing with small patches of low deciduous forest. The Project layout and design has taken into consideration the ongoing land-use activities and is expected to have limited impact on the farming activities.
All land for the Project and associated facilities has already been contracted under 30-year Land Lease Agreements (Contractos de Usufructo) with the ejidatarios of La Mata and La Ventosa.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BC - Wind Power - Renewable Energy Generation
Total: $35.81 million
4580000.00
31230000.00
4580000.00
ELECTRICA DEL VALLE DE MEXICO, S. DE R.L. DE C.V.
31230000.00
ELECTRICA DEL VALLE DE MEXICO, S. DE R.L. DE C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28070/edf-la-ventosa
XM-DAC-903-SPI-28086
International Finance Corporation
Alta Ventures Mexico Fund I, L.P.
Alta Ventures Mexico Fund I, L.P. is a venture fund targeting to raise up to $150 million to be invested in early-stage companies operating in Mexico, or opportunistically up to 20% of total commitments, in companies that have significant economic linkages to Mexico. Venture in this context is not limited to investments in high-tech projects; rather it broadly encompasses investments in startup firms and small businesses with exceptional growth potential, whose business models and technologies are locally developed or have been proven in the U.S. and are adaptable to the Mexican business environment. The Fund is expected to make at least 17 portfolio investments and intends to target sectors such as healthcare, IT, education, security, software and other sectors experiencing high growth opportunities.
The Fund is expected to have a strong impact for private sector development as follows:
-- Support of SMEs: The Fund is expected to allocate all of its commitment to SMEs.
-- Private sector development: The Fund will add value to its investee companies, by providing managerial, operational and strategic support to improve their competitiveness and sustainability
-- Economic development: The Fund is expected to invest in high-growth companies aiming to increase output, which in turn should lead to increased employment rates.
-- Environmental practices: The Fund Manager will adopt international best practices for environmental and social risk assessment and management, and improve transparency and corporate governance, thus transferring knowledge and skills to portfolio companies
ALTA VENTURES MEXICO FUND I LP
Paul Ahlstrom
Managing Director
Alta Ventures Mexico, SC
Ricardo Margain 575
Parque Corporativo Santa Engracia
Garza Garcia, Nuevo León
Mexico CP 66267
T +52 (81) 8000.7005
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Fund is a limited partnership registered under the laws of the Province of Ontario, Canada, and will have a local investment team based in Monterrey, Mexico. The Fund will seek investment opportunities across Mexico, and opportunistically, up to 20% of the Funds aggregate commitments to companies outside Mexico but with significant economic linkages to Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BA - Private Equity/Venture Cap Fund - Country
Total: $10.00 million
10000000.00
10000000.00
ALTA VENTURES MEXICO FUND I LP
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28086/alta-ventures-mexico-fund-i-l-p
XM-DAC-903-SPI-28108
International Finance Corporation
WCAP Holdings, S.A. de C.V. - Equity Investment
Update: This SPI has been revised to reflect the current project cost and nature of investment.
Leasing Operations de Mexico, S. de R.L. de C.V. (WCAP or the Company) was founded in 1998 in response to the growing demand for specialized financing in the environmental sector. Since inception, WCAP business model has been focused on originating, funding, and distributing lease receivables of equipment. WCAP is largely dedicated to provide operational lease of equipments used for water treatment and efficient water use (Water Efficiency or WE), as well as Energy Efficiency (EE) projects, thus supporting private sector investments aligned with sustainability and climate change. WCAP's vision is to finance worldwide development of sustainable industrial, commercial and residential projects that have a minimum ecological footprint. The company aims to carry out its mission and vision in North, Central, and South America, as well as in Europe and Asia. The Company was recognized as the runner up for the 2009 FT Sustainable Banking Awards, which is co-sponsored by IFC.
Increase access to financial services: IFCs investment will help WCAP to broaden its reach in extending leases to other SMEs and Corporates;
Commitment to Sustainability/Energy Efficiency: WCAP would be able to support the growing number of initiatives involving EE/WE with industrial application taking place in Mexico, which may including the use of alternative energy sources;
Market development: WCAPs sales/securitization plans will help to develop the Mexican market; and
Demonstration Effect: WCAPs business model focused in the water treatment industry and equipments related to energy efficiency initiatives is unique in Mexico, where access to operational lease for these types of capital goods is rather limited. WCAP has developed a profitable model on this basis, which could be replicated by other FIs in both Mexico and other countries.
WCAP Holdings, S.A.P.I. de C.V.
Javier Téllez-Girón Peón
Corporativo Punta Santa Fe Piso 22
Prol. Paseo de la Reforma # 1015
México, D.F. C.P. 01376
Tel: +52 (55) 52925633
www.water-capital.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
WCAP is headquartered in Mexico City and has offices in Monterrey, Queretaro and San Francisco.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
LB - Leasing Services
Total: $15.63 million
15630000.00
15630000.00
WCAP Holdings, S.A.P.I. de C.V.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28108/wcap-holdings-s-a-de-c-v-equity-investment
XM-DAC-903-SPI-28213
International Finance Corporation
Banorte EQ Project
The proposed IFC financing will be used to strengthen Banco Mercantil del Norte S.A., I.B.M (Banorte or the Bank), balance sheet to further expand its presence in Mexicos most vulnerable segments of the economy and resume the lending activity in Mexico. Banorte is the 4th largest Mexican bank in terms of assets with a market share of 10.90%, the only locally owned among the five largest banks. The Bank serves more than 7 million customers and offers a wide array of products and services according to each type of customers needs (individuals, SMEs, corporates, and government entities).
- Expand the Banks presence in SME Finance; - Expand the Banks presence in other priority sectors like agribusiness and housing (low and medium-income); - Support the Banks activities in infrastructure finance; and - Greater presence in climate change and sustainability initiatives.
BANCO MERCANTIL DEL NORTE, S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO BANORTE
David Suárez Prolongación Reforma # 1230 México, D.F. C.P. 05349 Telephone number : +52 (55) 5268 16 80 Email: investor@banorte.com Website: www.banorte.com/ri
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Banorte is headquartered in Mexico City and Monterrey. As of March 2009 it operated 1,070 branches and 4,135 ATMs across Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Commercial Banking - General
Total: $150.00 million
150000000.00
150000000.00
BANCO MERCANTIL DEL NORTE, S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO BANORTE
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28213/banorte-eq-project
XM-DAC-903-SPI-28383
International Finance Corporation
Optima Energia
Celsol S.A. de C.V. (Optima Energía or the Company) is a Mexican energy service company that provides energy services including an in-depth analysis of the property, designing an energy efficient solution, installing the required equipment and maintaining the system during a contract period of typically 10 years while at the same time financing the investments. Optima Energía enters into performance based contracts where the savings in energy costs generated by the project during the contract period are used to pay back the capital investments.
The project consists on carrying out up to 6 energy saving subprojects in the hotel sector.
The Project is expected to have a significant and positive impact on developing the energy saving market in Mexico by increasing the access to finance of commercial companies for cost saving investments in energy efficiency that improve their competitiveness.
Through the implementation of energy efficiency systems, the Project will have strong impact in lowering Greenhouse Gas (GHG) emissions and energy consumption by these companies.
The Project will improve the competitiveness of these hotel companies through better management of scarce resources as such investments will result in significant energy cost savings.
The Project will enhance transfer of know-how and technology to Optima Energías hotel sector clients, who ultimately will own the energy saving equipment installed. It will also facilitate access to best practice energy management systems and implementation of innovative processes and products related to energy efficiency technologies.
The Project will have a strong demonstration effect, both for a model with potential for replication and scale-up and through subproject outcomes (energy savings realized and paybacks).
Celsol, S.A.P.I. de C.V.
Enrique Gómez Junco Blancq-Cazaux, Chief Executive Officer
Optima Energía
Hidalgo 916-B Col. la fama
Santa Catarina, Nuevo León, México
Telephone +52 (81) 8336 2233
Fax Number +52 (81) 8336 1205
Website: www.optimaenergia.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The location of each of the 6 subprojects is still undefined but will most likely be in beach resorts in Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - City and Business Hotel
Total: $11.00 million
10000000.00
1000000.00
10000000.00
Celsol, S.A.P.I. de C.V.
1000000.00
Celsol, S.A.P.I. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28383/optima-energia
XM-DAC-903-SPI-28434
International Finance Corporation
EURUS Project
Eurus SAPI de CV (Eurus or the Company) is a special purpose vehicle incorporated in 2006 under Mexican law for the development, construction and operation of a 250.5 MW wind farm and associated transmission assets in the La Venta Ejido, Juchitán de Zaragoza Municipality of the State of Oaxaca, Mexico (the Project). The Project will utilize 167 1.5 MW AW70 Class I turbines manufactured by Acciona Windpower (AWP), and benefits from an exceptional wind resource with high average wind speeds matched by few locations in the world. Project construction is well advanced; to date, all 167 turbines had been erected, of which 110 (165 MW or 66%) have been connected to the grid and declared operational. The substation and related transmission assets are complete.
Eurus is 94% owned by Acciona Energía México S. de R.L. de CV (AEM), itself a wholly owned subsidiary of Acciona Energía S.A. of Spain (AE or the Sponsor). The Project is being developed under Mexicos autoabastecimiento, or autogeneration, framework. As such, the remaining 6% shareholding in the Company is owned directly and indirectly by Cemex México SA de CV (Cemex México), who is supplying itself with the Projects output pursuant to a 20-year power purchase agreement (PPA) with the Company. Cemex México originally initiated development of the Project for a source of clean, low cost, fixed price energy, and selected AE to take over ownership and development of the Project in 2006.
Demonstration effect: Despite the fact that the State of Oaxaca houses one of the best wind resources in the world, up through 2008, Mexico had only 88 MW of installed and operational wind projects (not including those under construction). The successful commercial financing of an additional 250 MW of wind capacity of the Eurus project will send a market signal to global windpower developers that the Mexican windpower market is viable and ready for scale-up, thereby helping to accelerate development of windpower potential in the State of Oaxaca.
Decreased emissions leading to improved local air quality and climate change mitigation: The Project will displace fossil-fuel generation. This will help reduce local air pollutants (SOx and NOx) and improve air quality for the local population. It will also contribute to Mexicos climate change abatement efforts by displacing an expected 600,000 tCO2e per year.
Job creation/community development. The local community, La Venta, who collectively owns the land surrounding the Project, will benefit through (i) significant sourcing of labor from local communities during the construction period, and overall job creation during the construction and operation period; (ii) community development programs undertaken at the Companys initiative; and (iii) direct payments from the Company to community member for use of land.
Eurus S.A.P.I. de C.V.
Miguel Angel Alonso Rubio
Paseo de Tamarindos No. 90
México, D.F.
Telephone: 5255 52911111
Fax: 5255 52919948
malonsorubio@acciona.com
www.acciona.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Project is located in the State of Oaxaca, in the Isthmus of Tehuantepec approximately 10km north of Union Hidalgo, about 1km south of the La Venta municipality (the closest population), which communally owns the land in which the Project site is located. The Company has entered into 30-year land lease agreements with the community. The Project site comprises farmland and sparse tree lines along roads, fields and several small streams, and its design has taken into account ongoing farming activities and limited disruption on existing environmental features. As such, it is expected that there will not be a large change in land use.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BC - Wind Power - Renewable Energy Generation
Total: $75.00 million
75000000.00
75000000.00
Eurus S.A.P.I. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28434/eurus-project
XM-DAC-903-SPI-28587
International Finance Corporation
Mi Tienda Project
MiTienda (the Company or MiTienda) is a privately-held company engaged in the rural distribution of food and other basic products in Mexico. The Company was founded in 1999 and started operations in Atlacomulco (Central Mexico) as a single pilot cell (a distribution center). It offers non-perishable food and personal care distribution to approximately 600 stores located in rural zones (towns with less than 5,000 inhabitants). The project consists in the expansion of the pilot cell through the development of 36 cells that will target 4.8 million households in 602 municipalities and 14,740 villages, with an expected investment initially estimated at MXP $209 million (US$16.1 million).
MiTienda offers modernization programs to its customers, which will contribute to increasing sales and efficiency. MiTienda will also implement an affiliation program to modernized stores and it will use its brand name to promote a certain level of quality offered by the stores.
The Project will have a strong development impact by:
Securing regular supply of key basic products in MiTiendas zone of influence, which is currently excluded from the formal retail supply chain
Supporting the development of small businesses in rural areas through MiTiendas training and modernization programs.
Increasing the offering and diversity of products at competitive prices for the rural population.
Enhancing access to credit to the stores who purchase from Mi Tienda.
Sistema Integral de Abastos Rural, S.A. de C.V.
Mr. Valentin Martinez Gama Z., CEO
Reforma 1110
Lomas de Chapultepec
México D.F. 11000
México
Tel: + 52 55 55 40 72 22
Fax: + 52 55 55 40 72 21 ext. 15
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Company started operations in Atlacomulco, Estado de Mexico (a half hours drive from Mexico City). Mi Tienda plans to open 36 additional cells distributed throughout the Central-South region of the country. The next cell will be opened in the city of Tepeji, which is one of the 84 municipalities of Hidalgo.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BA - Retail (Including Supermarkets, Grocery Stores, etc.)
Total: $2.48 million
2480000.00
2480000.00
Sistema Integral de Abastos Rural, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28587/mi-tienda-project
XM-DAC-903-SPI-28680
International Finance Corporation
FINEM SME Project
Financiera Educativa de Mexico SA de CV (Finem or the Company) is a specialized non-bank financial institution that focuses on financing the education sector in Mexico. IFC previously committed financing facilities to support the initiation of Finems business, aimed at providing peso denominated loans to privately-owned schools and higher education institutions to fund their expansion and modernization programs. In addition, Finem also provides advisory services or technical assistance in a wide range of managerial or technical disciplines, to help qualifying clients reinforce the quality of their management and become more viable and competitive firms. In addition, IFC provided Finem with an additional loan facility aimed at supporting Finems student loan business, which started in 2007. Finems main purpose is to originate loans at the university level.
The Project presented herein is a $10 million equivalent loan and equity facility to address the currently large gap between demand and supply of long-term financing for private education institutions in Mexico, and to contribute to improving the quality of infrastructure, education, and management in the private education sector through investments and technical assistance. Finem plans to initially target upper-secondary and higher education institutions and gradually extend its services across all segments of the education market.
The project will: (i) provide funding to education SMEs (schools, universities, language centers, etc.) primarily for infrastructure expansion and modernization; (ii) contribute to the improvement of financial discipline of education SMEs as result of Finem's due diligence, monitoring, and in some cases advisory functions; and (iii) create a strong demonstration effect about the viability of lending to the sector.
FINANCIERA EDUCATIVA DE MEXICO, S.A. DE C.V.
Francisco Maciel, Chief Exectuive Officer
Bosque de Alisos 45-A,
Col. Bosques de las Lomas
C.P. 05120 Mexico, D.F.
Telephone: +52 55 9177 9380
E-mail: Francisco.maciel@finem.com.mx
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Finem is headquartered in Mexico City and does not plan to operate branches or local representation offices outside Mexico City at this stage.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Elementary and Secondary Schools
Total: $10.10 million
8000000.00
2100000.00
8000000.00
FINANCIERA EDUCATIVA DE MEXICO, S.A. DE C.V.
2100000.00
FINANCIERA EDUCATIVA DE MEXICO, S.A. DE C.V.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28680/finem-sme-project
XM-DAC-903-SPI-29030
International Finance Corporation
Mifel Project
The proposed project consists of an equity investment, in the form of common shares, in Grupo Financiero Mifel S.A. de C.V. (Mifel or the Group), a local-owned financial group composed of commercial banking, factoring, leasing and mutual fund management companies. Banca Mifel, by far the largest entity of the Group, was established in Mexico City in 1993 and has traditionally targeted corporates, small and medium companies (SMEs), the agribusiness sector and medium-sized real estate developers. Mifels overall market share by loans, assets and deposits is less than 1% in the Mexican banking system.
IFCs equity investment would be between MXN 240 and 300 million ($20 to $25 million equivalent), or up to an 18% equity stake. This project is eligible for an investment from the Africa, Latin America and Caribbean (ALAC) fund.
Address Mexicos SMEs and agribusiness companies financing deficit and foster competition in both sectors where Mifel has traditionally focused on.
Support the consolidation of the Mexican financial sector by enabling the Bank as an acquirer or a more attractive target.
Grupo Financiero Mifel, S.A. de C.V.
Bulmaro Guzman
Presidente Masaryk 214 Piso 2
Col. Polanco Chapultepec
11560 México D.F.
Phone number: (52 55) 5282-7800
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Mifels headquarters are located in Mexico D.F.
Address:
Presidente Masaryk 214 Piso 2
Col. Polanco Chapultepec
11560 México D.F.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Commercial Banking - General
Total: $25.00 million
25000000.00
25000000.00
Grupo Financiero Mifel, S.A. de C.V.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29030/mifel-project
XM-DAC-903-SPI-29509
International Finance Corporation
WCAP A Loan
Leasing Operations de Mexico, S. de R.L. de C.V. (WCAP or the Company) was founded in 1998 in response to the growing demand for specialized financing in the environmental sector. Since inception, WCAP business model has been focused on originating, funding, and distributing lease receivables of equipment. WCAP is largely dedicated to provide operational lease of equipments used for water treatment and efficient water use (Water Efficiency or WE), as well as Energy Efficiency (EE) projects, thus supporting private sector investments aligned with sustainability and climate change. WCAP's vision is to finance worldwide development of sustainable industrial, commercial and residential projects that have a minimum ecological footprint. The Company aims to carry out its mission and vision in North, Central, and South America, as well as in Europe and Asia. The Company was recognized as the runner up for the 2009 FT Sustainable Banking Awards, which is co-sponsored by IFC.
Increase access to financial services: IFCs investment will help WCAP to broaden its reach in extending leases to other SMEs and Corporates;
Commitment to Sustainability/Energy Efficiency: WCAP would be able to support the growing number of initiatives involving EE/WE with industrial application taking place in Mexico, which may including the use of alternative energy sources;
Market development: WCAPs sales/securitization plans will help to develop the Mexican market; and
Demonstration Effect: WCAPs business model focused in the water treatment industry and equipments related to energy efficiency initiatives is unique in Mexico, where access to operational lease for these types of capital goods is rather limited. WCAP has developed a profitable model on this basis, which could be replicated by other FIs in both Mexico and other countries.
LEASING OPERATIONS DE MEXICO S DE RL DE CV
Javier Téllez-Girón Peón
Corporativo Punta Santa Fe Piso 22
Prol. Paseo de la Reforma # 1015
México, D.F. C.P. 01376
Tel: +52 (55) 52925633
www.water-capital.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
WCAP is headquartered in Mexico City and has offices in Monterrey, Queretaro and San Francisco.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
LB - Leasing Services
Total: $15.47 million
15470000.00
15470000.00
LEASING OPERATIONS DE MEXICO S DE RL DE CV
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29509/wcap-a-loan
XM-DAC-903-SPI-29520
International Finance Corporation
City Express II
Through its subsidiaries, Hoteles City Express, S.A.P.I. de C.V. (City Express or the Company) is engaged in the development and operation of business hotels for the middle and middle low income markets in Mexico. It has successfully engaged in the implementation of 47 hotels in 24 of the 31 states of Mexico. The project consists of the development of new hotels (the Project), which would help the Company to consolidate its leading position in the budget business hotel sector, accelerate existing growth plans and initiate its expansion outside of Mexico.
The proposed project will have the following development impact: (i) increase in supply of competitive price-quality business hotels with consistent international quality and safety standards; (ii) creation of new employment both directly at the hotels and indirectly along the supply chain, temporary employment will also be provided to local labor during the construction phase; and (iii) the Project will generate supply linkages for local vendors serving the needs of both the hotel and its guests and will contribute to the development of the local economy.
HOTELES CITY EXPRESS S.A.B. DE C.V.
Robertos Palacios, Chief Financial Officer
Santiago Parra, Corporate Finance Director
Hoteles City Express, S.A.P.I. de C.V.
Montes Urales 715-2o piso
Col. Lomas de Chapultepec
Mexico DF 11000
Telephone: +52 55 5249 8050
Fax Number +52 55 5249 8098
Website: www.hotelescity.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Companys hotels are located in commercial, services and industrial areas of various cities in Mexico. Already operating in more than 30 cities, the new hotels will be developed primarily in capitals of state, second tier cities, services, commercial and industrial areas, and close to airports. The Company will also target similar areas within its Latin America expansion initiative.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - City and Business Hotel
Total: $20.00 million
20000000.00
20000000.00
HOTELES CITY EXPRESS S.A.B. DE C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29520/city-express-ii
XM-DAC-903-SPI-29524
International Finance Corporation
Solida RE Project
Solida (or the Company) has invited IFC to participate in one of its main business operations: investments in lower-income housing projects. In this line of business, Solida provides preferred equity capital to large homebuilders in Mexico for the acquisition of land. On its own account, the Company has financed approximately 50 projects to date, equivalent to the construction of around 110,000 mostly lower-income houses. The proposed project would entail IFC co-investing up to US$50 million, or 20% of the total financing needs, through a master trust to provide preferred equity capital for individual low-income housing subprojects. Solida and possibly another investor will provide the remaining funds.
Key development impacts of the Project include:
- Increased Housing Supply for Low-Income Households: This Project is expected to alleviate the current housing deficit in Mexico, including in a few frontier states and benefit over 100,000 families in the low to middle income segments with increased supply of quality and affordable entry level housing.
- Community Development: The housing developments built by the homebuilders financed by Solida and IFC will contribute to urban infrastructure development and surrounding community development. In addition, the Project helps support the urbanization efforts of local governments, as the housing projects include partial infrastructure works.
- Job Creation and Financial Security: The Project will create job opportunities both during construction and operation of the housing communities. Increased supply of low-cost housing developed by the Company will make an impact on the lives of the low income purchasers who will improve their personal security and through payment of their mortgage build up equity (often for the first time) in a significant asset.
- Enhanced Local Supply Linkages: The Project will increase demand for construction and building materials in the country. Once the construction is completed, the housing units will stimulate the use of local supplies of goods and services, supporting maintenance, retailing and wholesale operations. Moreover, the low income properties financed by the Project are often the buyers' first property title and such property rights are considered a key determinant of economic development as they promote the formal economy.
SOLIDA ADMINISTRADORA DE PORTAFOLIOS S.A. DE C.V.
Mr. Rafael Angel Hinojosa Cardenas
Director Ej. De Proyectos de Inversion
Vasconcelos #205 Ote. Residencial San Agustin
San Pedro Garza Garcia, Nuevo Leon 66260
Tel: (81) 8368-5500 Red. 8815 4101
Fax: (81) 8368-5500 Red. 8815 6105
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The master trust will be set up in Mexico and will make investments into individual housing sub-projects throughout the country.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Construction and Real Estate
Total: $50.00 million
0.00
50000000.00
0.00
SOLIDA ADMINISTRADORA DE PORTAFOLIOS S.A. DE C.V.
50000000.00
SOLIDA ADMINISTRADORA DE PORTAFOLIOS S.A. DE C.V.
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29524/solida-re-project
XM-DAC-903-SPI-29560
International Finance Corporation
Vinte PCG Project
A medium term (3-5 yr.) debt issuance of MXN 300 million (around US$23.4 million) in the domestic debt capital market by Vinte (the Company). Support for the issue is to be provided by IFC in the form of a partial credit guarantee. It is expected that the partial credit guarantee will raise the credit rating of the issuance. This would be the Company's first debt issuance, which it seeks to place with institutional and retail investors.
The debt issuance will: 1) provide working capital support for Vintes growth strategy, 2) strengthen its liquidity position, and 3) secure and diversify its funding over the next few years.
The increased supply of funding will help Vinte build quality and affordable entry level dwellings, and in turn benefit a large number of families in the low to middle income segments. The housing developments built by Vinte will contribute to urban infrastructure and surrounding community development, previously built by local/federal authorities and neglected for a while due to persistent government deficits.
Promotora de Viviendas Integrales, S.A. de C.V.
Domingo Valdes
Chief Financial Officer (domingo.valdes@realparaiso.com)
Vinte Viviendas Integrales S.A. P.I. de C.V.
Torre del Angel
Paseo de la Reforma 350, Piso 11
Col. Juárez
C.P. 06600, México D.F.
Telephone: 9171 1527
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Company is domiciled in Mexico City and the Project will help provide funds for expansion and working capital purposes. There is no specific Project/Site location.
It is expected that the housing projects funded with the debt placement will be developed in various states of Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Construction and Real Estate
Total: $14.15 million
14150000.00
14150000.00
Promotora de Viviendas Integrales, S.A. de C.V.
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29560/vinte-pcg-project
XM-DAC-903-SPI-29634
International Finance Corporation
Compartamos Loan
The proposed investment in Banco Compartamos, S.A. de C.V.s (Compartamos, or the Bank) fits well with IFCs industry strategy to support locally-based microfinance companies that have a developmental focus. The proposed investment will be in the form of a 5-year Parallel Loan for up to MXN400 million ($32 million equivalent) to support the Banks loan portfolio growth.
The proceeds from the credit line will be used by Compartamos to increase and diversify its funding base by obtaining medium-term funding for on lending to small and micro enterprises in Mexico. The project represents an opportunity for IFC to support a long-standing partner in expanding its operations and overcoming the current liquidity conditions in the sector. At the same time, IFC would be mobilizing funds from a Mexican commercial lender willing to participate under similar conditions.
The proceeds from the credit line will be used by Compartamos to increase and diversify its funding base by obtaining medium-term funding for on lending to small and micro enterprises in Mexico.
Banco Compartamos, S.A., Institución de Banca Múltiple
Patricio Diez de Bonilla - CFO
Compartamos Banco
Av. Insurgentes Sur 552, Piso 3
Col. Roma Sur
06760 Mexico, D.F.
Tel. 52 55 7250 ext 7388
pdiezdebonilla@compartamos.com
www.compartamos.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Compartamos, based in Mexico, serves its microfinance clients throughout the country with a focus on underserved rural areas.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AC - Commercial Banking - Microfinance and Small Business
Total: $16.00 million
16000000.00
16000000.00
Banco Compartamos, S.A., Institución de Banca Múltiple
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29634/compartamos-loan
XM-DAC-903-SPI-29734
International Finance Corporation
Bioparques 2
Bioparques de Occidente, S.A. de C.V. (Bioparques or the company), a greenhouse tomato producer is undertaking a $12.5 million investment program to add 30 hectares of hydroponic greenhouses and a packing facility to its existing greenhouses in the state of Jalisco, Mexico. The investment includes acquisition of greenhouses and irrigation equipment, infrastructure and working capital.
This project is IFCs second transaction with Bioparques and builds on a partnership begun in 2007, when IFC provided a $12 million loan to the Company.
The investment will support the growth of a competitive tomato producer in Mexico through:
(i) Cost reduction through higher utilization of capacity and economies of scale;
(ii) Higher prices thanks to the ability to serve long term contracts with US retail vendors;
(iii) Assist the company in sponsoring permanent housing for its full time workers;
(iv) Assist the company in continuing its institutionalization process which is expecting to be beneficial for Bioparques to access better financing and insurance terms in the future.
Bioparques de Occidente, S.A. de C.V.
Eduardo de la Vega, CEOJuan Jose Rios 723 Pte. Col. Almada Culiacán, Sinaloa, Mexico
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Bioparques is located in the municipality of San Gabriel in the state of Jalisco. The expansion project will be located next to the existing site which is predominantly rural and about 140 km from the city of Guadalajara.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AF - Fruits and Vegetables
Total: $5.00 million
5000000.00
5000000.00
Bioparques de Occidente, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29734/bioparques-2
XM-DAC-903-SPI-29753
International Finance Corporation
Harmon Hall
Harmon Hall was founded in 1966. Today Harmon Hall is the leading English language school chain in Mexico, with a network of 110 English schools in 63 cities and over 40,000 students in the whole system. Harmon Hall also owns and operates K-12 schools in the interior of the country.
Nexxus Capital Private Equity Fund III, L.P. acquired 60% of HH in April 2008. Since then, the Company has implemented a series of measures to improve the operations and profitability of the Company, which have resulted in a significant growth of revenues and EBITDA generation.
The transaction represents an equity investment for IFC which consists of two components: (i) the purchase of the selling shareholders shares and (ii) a capital increase in Harmon Hall to finance the expansion plans of the Company for the next 18 months.
By supporting Harmon Hall, IFC will have the following development impact: (i) expansion of access to high quality English education and primary and secondary education: Consolidation of Harmon Hall presence, as well as further expansion into new markets, will expand the availability of high quality English education in the country, which provides skills necessary to compete and advance in the national job market; (ii) creation of employment opportunities: as a result of its expansion, Harmon Hall hires additional teachers and sales personnel to serve its growing student base, thereby helping to improve living standards and contributing to human capital development; (iii) expansion of high quality training: Harmon Hall provides training support to all its personnel in order to ensure a healthy pipeline of high quality trained staff to serve its current and future schools; (iv) standard setting among English language schools: the high quality standards by which Harmon Hall operates will set a precedent in the English education market, which will generate pressure on other competitor schools to pursue accreditation and quality standards; (v) community engagement: Both K-12 and English schools provide scholarships to students who cannot afford the tuition. Additionally Harmon Hall has begun to engage with public schools to provide the English program within their regular program. By doing so, more low income students will have access to quality English education which today is inexistent in the public system.
Harmon Hall Operadora, A.C.
Mr. Alejandro Diazayas
Managing Director
Nexxus Capital
+52 (55) 5292 3400
adiazayas@nexxuscapital.com
Vasco de Quiroga 3880, 2nd floor
Santa Fe CP 05348
Mexico, D.F.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Harmon Halls headquarters are located in Mexico City. The Company has English Schools located in 63 different cities across Mexico and one in Guatemala. The Company has K-12 schools located in Cancun and Hermosillo.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AC - Other Training
Total: $7.81 million
7810000.00
7810000.00
Harmon Hall Operadora, A.C.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29753/harmon-hall
XM-DAC-903-SPI-30229
International Finance Corporation
Comemsa Project
Construcciones Metalicas Mexicanas Comemsa SA de CV, a subsidiary of Abengoa SA and engaged in the design and manufacturing of galvanized steel structures, is implementing an expansion of its existing plant in Apaseo el Grande, Guanajuato, Mexico to satisfy increased demand for solar panel structures and transmission towers in the region. Production capacity is expected to increase from 30,000 tpa to 50,000 tpa as a result of the expansion project which will result in the addition of several production lines and an additional galvanization plant.
Key development impacts of the project include: Supporting the construction of solar energy plants globally by providing a necessary component to the solar panel structure and encouraging the use of clean energy, thus reducing CO2 emissions through the implementation of clean energy plants. Improving the infrastructure supply chain through the increased manufacture and sale of transmission towers across Latin America and in the USA to meet growing demand. As a result of increased focus on transmission capability in Mexico and Central American, energy access is expected to improve. Supporting job creation in Mexico, a key objective for the Mexican government, both during the expansion and operation of the manufacturing facility.
CONSTRUCCIONES METALICAS MEXICANAS COMEMSA S.A. DE C.V.
Construcciones Metalicas Mexicanas, Comemsa SA de CV Attention: Mr. Julio Hernandez Tavera julio.hernandez@comemsa.com.mx Aut. Queretaro Celaya, km. 16 Calera de Obrajuelo Municipio de Apaseo el Grande ZIP 38180 Guanajuato, Mexico Apartado Postal 15 Tel 52-442-294-2000 Fax 52-442-294-2008
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Comemsa is located in the industrial area of Apaseo el Grande, Guanajuato, a few kilometers away from the nearest residential area and close to the local railway line for transportation of raw material and finished products.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
HB - Solar Photovoltaic Equipment
Total: $24.00 million
24000000.00
24000000.00
CONSTRUCCIONES METALICAS MEXICANAS COMEMSA S.A. DE C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30229/comemsa-project
XM-DAC-903-SPI-30281
International Finance Corporation
Hospitaria Project
The proposed investment consists in the construction of a greenfield integrated medical complex (Binaria) in northern Monterrey that focuses on addressing the need for quality medical infrastructure in northern Monterrey through the construction of a secondary care hospital (Hospitaria) and ancillary services. The area of northern Monterrey significantly lacks quality health care services although the area has been growing substantially. The integrated medical complex includes the construction of (i) a 50 bed hospital, (ii) a consultation tower, and (iii) adjacent commercial space for specialty clinics, medical services and other related services. IFC proposed investment consists in financing the construction of Hospitaria, its medical equipment, and the pre-operating expenses related to the opening of the hospital.
Provision of quality health care services to an underserved area: Both Ambar Capital and Ginequito are committed to providing quality health care services to an area which continues to grow substantially, without access to quality healthcare. The hospital will represent the first secondary care hospital in the area, thus improving the quality of health care to the local population.
Demonstration effect: The envisioned Project is innovative in comprising a fully integrated medical complex and designed with energy efficient systems. This is expected to have a demonstration effect for further health care projects in Mexico. IFC will assist in implementing and encouraging further "green" construction.
Strong social commitment: Ginequito has historically shown a strong commitment towards the community. The expansion will allow for Ginequito to continue its contribution to the community.
Urban frontier: The hospital will be constructed in an area of Monterrey, which does not have quality medical services readily available. The local population living in the northern part of Monterrey will benefit significantly from the planned hospital building and adjacent medical facilities.
Hospitaria Tenedora S.A.P.I de C.V.
Mr. Mauricio Garcia
Hospitaria
Avenida Nexxus No. 109
Parque Industrial y Negocios Nexxus
Escobedo, Nuevo Leon, Mexico
Tel. +52 (81) 1737 6784
info@hospitaria.com
www.hospitaria.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Binaria will be constructed in the northern part of Monterrey, in the Municipality of Escobedo, which represents an area with high rates of demographic and economic growth.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Hospitals and Clinics
Total: $10.44 million
10440000.00
10440000.00
Hospitaria Tenedora S.A.P.I de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30281/hospitaria-project
XM-DAC-903-SPI-30417
International Finance Corporation
Etileno XXI
Etileno XXI (the Project) consists of the development, construction and commercial operation of a petrochemical complex in Mexico, composed of one cracker facility to produce ethylene from ethane, integrated to three polyethylene plants with an aggregate nominal capacity of 1,050,000 tons per year. Etileno XXI, which is located in Nachital de Lazaro Cardenas a frontier region of Coatzacoalcos, represents the largest investment in Mexicos petrochemical sector in the last 20 years. Access to competitively priced feedstock will make the Project one of the most competitive in the Americas. The Project seeks to serve the Mexican polyethylene market, which is rapidly growing and currently being supplied in part by imports.
The Project is expected to have a significant development impact by (i) adding value to a natural resource which would otherwise be used as natural gas, (ii) creating forward linkages that would develop the downstream industry, (iii) improving the position of Mexican downstream converters, such as savings on inventory, reduced foreign exchange exposure, local access to a PE supplier that could provide services and new solutions, (v) providing inclusive growth for an economically underdeveloped southern region of Mexico, (iv) creating employment and training opportunities.
Braskem Idesa, S.A.P.I.
Patricio Gutiérrez Fernandez Braskem-Idesa, S.A.P.I. Blvd. Manuel Avila Camacho No. 36, Piso 24 Lomas de Chapultepec, Miguel Hidalgo C.P. 11000, Mexico D.F. + 52 (55) 6234 1101
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Project will be located in Nanchital de Lazaro Cardenas, in the state of Veracruz.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BE - Petrochemical
Total: $300.00 million
300000000.00
300000000.00
Braskem Idesa, S.A.P.I.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30417/etileno-xxi
XM-DAC-903-SPI-30445
International Finance Corporation
UAG Univ Project
Universidad Autonoma de Guadalajara, A.C. (UAG or the University) is implementing from year 2011-2013 a Project consisting of: (i) the construction and renovation of existing facilities, with a specific focus on the Medical School, (ii) the expansion of UAGs community college network, (iii) investments in IT systems, and (iv) refinancing of short-term debt. The Project investment amount is of around MXN 1,285 million (approximately $110 million). The proposed IFC investment, an A Loan of MXN 585 million (approximately $50 million) will finance items (i) through (iii) of the Project.
(i) Provision of quality education as the University refurbishes its existing facilities, improves its academic offerings and strengthens its balance sheet (ii) Increase in reach to other population segments beyond those traditionally served by UAG through the expansion of its community college (UNICO) (iii) Demonstration effect by enhancing the credibility of financing educational institutions in Mexico
Universidad Autonoma de Guadalajara, A.C.
Mr. Ismael Romero Social Sciences and Business Dean, Chief Operations Officer UNIVERSIDAD AUTÓNOMA DE GUADALAJARA Av. Patria 1201 Lomas del Valle, 3a Sección C.P. 45129, Zapopan, Jalisco Mexico Switch Board (+52 33) 36-48-88-24, ext 2237
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Project is to be implemented mainly at the UAGs main university campus, UNICO existing and new campuses, Medical School and UAGs hospitals.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AB - Colleges, Universities, and Professional Schools
Total: $42.69 million
42690000.00
42690000.00
Universidad Autonoma de Guadalajara, A.C.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30445/uag-univ-project
XM-DAC-903-SPI-30545
International Finance Corporation
Alpha Geo Project
The proposed investment of up to $40 million would support Alpha (the Company), a subsidiary of Corporacion GEO S.A.B. de C.V. (Geo or the Sponsor), in the expansion of its prefabricated construction business for affordable housing in Mexico. With this investment, Alpha expects to achieve the capacity to build 40,000 - 45,000 houses per year. Alpha has an innovative process that will allow GEO to build all the pieces of a house in a production facility and assemble them on site using modern European technology. Alpha production facilities include a factory in Tijuana which started production in 2010 and other three factories (Zumpango, Monterrey and Jalisco) that are in the process of being built.
The development impacts of the project include: (i) increase of housing supply for low income households - this project is expected to contribute to the alleviation of the current housing deficit in Mexico, increasing the supply of affordable entry level housing by 40,000 houses a year; (ii) GEO plans to leverage part of the efficiency gains by providing a larger house (more square meters) to its clients at the same low entry price (approximately US$15,000); (iii) enhanced supply linkages - the project will increase demand for construction and building materials in the country; (iv) job creation - the new facilities are expected to create 1,500 new jobs in 2011 and additional jobs in line with the Company's growth in the future; (v) demonstration effect - the project will lead the way to improve private sector development in this segment of the housing market; (vi) Green Building- the technology adopted by ALPHA will reduce the environmental impact building materials by saving of more than 70% of the traditional waste generation and reduction of the energy use in the construction process by 18%. The prefabrication will also allow for higher levels of insulation and integration of water and energy efficient technology in the homes. The client is interested to work with IFC's Green Building Specialist to explore these opportunities.
Administradora Alpha, S.A. de C.V.
Ramón Estrada TorrescanoDirector Corporativo de Nuevos Negocios
Casas GEO
Margaritas 433, Col. Ex. Hda. Gpe. Chimalistac
México D.F., CP 01050
Tel. Directo +52 (55) 5480 5036
Tel. Oficina +52 (55) 5480 5000 ext. 5036
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The project will be implemented in Mexico supporting plants in Tijuana, Zumpango, Jalisco, Monterrey, and an additional plant to be determined as well as mobile plants throughout Mexico.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Construction and Real Estate
Total: $25.00 million
25000000.00
25000000.00
Administradora Alpha, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30545/alpha-geo-project
XM-DAC-903-SPI-30905
International Finance Corporation
Progresemos III
Progresemos III (the Project) will extend a Mexican peso (MXN) line of credit to support the microfinance loan portfolio growth and an equity investment in Financiamiento Progresemos, S.A. de C.V., SOFOM, ENR (Progresemos or the Company). The Project will reach women micro-entrepreneurs in frontier regions and will (i) enhance micro lending competitiveness of the private sector; (ii) help deepening the financial sector since a high portion of the sub-borrowers served are outside the formal financial sector; and (iii) encourage a sustainable social and environmental development.
The development impact of IFC''s financing to Progresemos is expected to be high: (i) Increase Access to Finance: Progresemos provides financial services to low income segments of the Mexican population living in rural areas with limited or null credit opportunities. Moreover it will contribute to build up a credit culture amongst this low-income population; and (ii) Greater Commitment to Creating Opportunities to Disadvantage Groups: This project will support productive low-income micro entrepreneurs which consequently will positively impact employment and income generation in the frontier regions where Progresemos operates.
FINANCIAMIENTO PROGRESEMOS SA DE CV SOFOM ENR
Roberto Flores Athie, COO Miguel Laurent 15-Bis, Desp. 103 Col. Del Valle C.P. 03100, Mexico D.F. Mexico Telephone: +52(55)55752009
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Progresemos is headquartered in Mexico City. Through its delivery channels, the Company has presence in 27 Mexican states and 436 municipalities focused on Mexicos rural and least developed regions; such as Oaxaca, Veracruz and Chiapas, which have populations that are among the lowest in economic strata in Mexico, and with high potential for microlending to small entrepreneurs.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
HA - Microfinance and Small Business - Non Commercial Banking
Total: $4.30 million
2510000.00
1790000.00
2510000.00
FINANCIAMIENTO PROGRESEMOS SA DE CV SOFOM ENR
1790000.00
FINANCIAMIENTO PROGRESEMOS SA DE CV SOFOM ENR
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30905/progresemos-iii
XM-DAC-903-SPI-31195
International Finance Corporation
Proteak Project
Proteak Uno S.A.P.I.B de C.V. (Proteak or the Company) is a mid-sized publicly traded Mexican company engaged in the sustainable management of teak plantations. The proposed Project consists of the Companys expansion plan, which includes the financing of the recent acquisitions of teak plantations in Central America and Colombia; as well as the establishment of new teak plantations in Mexico.
Climate change mitigation: IFC financing will support the Company in establishing teak plantations and supporting the growth of the existing planted area, which will directly result in a significant carbon sequestration. Moreover, since land reserves and land to be acquired comprise mainly ranch lands that have been degraded due to over-grazing of livestock, the Project will have a considerable impact on soil regeneration. Employment generation: The Project is expected to create direct and indirect employment (number of jobs to be created and wage levels) and contribute to poverty reduction in remote rural areas. Strong demonstration effect: Successful implementation of the Project will demonstrate the long term viability of sustainable forestry projects in regions with favorable weather and soil conditions for forestry, and degraded land available. Frontier regions: The Project involves direct investment and job creation in remote rural areas of Costa Rica and Colombia, and frontier regions in Mexico such as the states of Nayarit, Tabasco and Chiapas.
PROTEAK UNO, S.A.B. DE C.V.
Gaston Mauvezin, CFO Tres Picos # 65, Bosque de Chapultepec C.P. 11582 Miguel Hidalgo, Mexico D.F. Phone: (52 55) 52722236 mailto:gm@proteak.com http://www.proteak.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Proteak is based in Mexico and has subsidiaries in Costa Rica and Colombia. The expansion of the Company includes rural areas in Costa Rica, Colombia, and Mexico among other countries in Latin America.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
DB - Plantation Forests
Total: $15.00 million
15000000.00
15000000.00
PROTEAK UNO, S.A.B. DE C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31195/proteak-project
XM-DAC-903-SPI-31517
International Finance Corporation
Alta Growth II
Alta Growth Capital Mexico Fund II, L.Ps (the Fund) investment strategy is to invest equity and to provide technical and management expertise to Mexican SMEs poised for growth, specifically in primary sectors: Health, Education, Financial Services and Logistics. It is proposed that IFC invests the lesser of $15 million and 20% of the total committed capital in the Fund. The Fund is targeting $150 million in equity commitments from investors. The Fund will target investments ranging from $10-15 million in several funding rounds. Investments will be equity or equity-like structures and may be minority or along with like-minded investors secure a majority ownership interest. The Fund may generate co-investment opportunities for investors. The Fund is launched as a follow-on fund to Alta Growth Capital, Mexico Fund, L.P. Fund I, (Project No. 25352), a $75 million private equity fund of vintage 2007, and in which IFC committed $18.7 million.
Alta Growth Capital Mexico Fund II, L.P. is targeting equity investments in 10-15 SMEs that will be supplemented with environmental, managerial and technical value addition. Private equity-sponsored companies often adopt management practices (in environment and social, financial control, cost accounting, quality control, corporate governance, legal structure and tax reporting) that are better than those used by their local peers. If Alta Growth is successful and delivers developmental and financial results for its investors, it may be able to launch successor funds. Examples of successful, well-run private enterprises will contribute to encourage foreign investment in Mexico. The Fund is expected to contribute to a vibrant and sustainable private sector that will improve employment, trade balance, and public finances in Mexico. Finally, by attracting new investors to the private equity asset class âlocal pension funds, insurers and investment companies, the Fund will help these companies to achieve higher risk adjusted returns as well as the implied benefits that private equity brings into their overall portfolio. The IFC team will measure and report on the following developmental impact indicators: 1) percentage of funding disbursed, 2) net/gross financial return, 3) number of jobs created, 4) annual growth sales, 5) annual growth EBITDA, 6) launching of follow-on funds, 7) tax paid to local governments, among other indicators.
ALTA GROWTH CAPITAL MEXICO FUND II LP
Mr. Scott McDonough Managing Director Alta Growth Capital Management Homero 440 - 9th Floor Mexico DF 11560 Email: mailto:smcdonough@agcmexico.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Alta Growth team is based in Mexico City.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
BA - Private Equity/Venture Cap Fund - Country
Total: $15.00 million
15000000.00
15000000.00
ALTA GROWTH CAPITAL MEXICO FUND II LP
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31517/alta-growth-ii
XM-DAC-903-SPI-31548
International Finance Corporation
URBI Verde I
Urbi Desarollos Urbanos SAB de CV (Urbi or the Company) has requested IFC to support its Low Income Housing (LIH) construction and development efforts and in particular the macro projects, through an investment of up to US$50mm either in US$ or equivalent Mexican Pesos (the Project). IFC is also considering providing a US$20 million loan from the Canada Climate Change Program to support eligible green building projects in addition to mobilizing up to US$35mm equivalent in local currency through syndication.
The Project''s strong development impact includes: (i) job creation; (ii) addressing the housing deficit; (iii) integrated and sustainable urban developments; (iv) transfer of knowledge and best practices on green building in Mexico, and E&S sustainability; and (v) contribution to equitable economic growth and community development.
Urbi Desarrollos Urbanos, S.A.B. de C.V.
Antonio Jorge González Investor Relations Manager URBI Desarrollos Urbanos, SAB de CV Río Danubio 109 Colonia Cuauhtemoc, C.P. 06500 México D.F. mailto:antonio.jorge@urbi.com Tel: +(52 55) 1102-0390 ext. 10724
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
Not relevant given the corporate loan nature of the investment.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Construction and Real Estate
Total: $50.00 million
50000000.00
50000000.00
Urbi Desarrollos Urbanos, S.A.B. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31548/urbi-verde-i
XM-DAC-903-SPI-31587
International Finance Corporation
Calidra International
The Project consists of Calidras investment plan in Mexico and South America to be implemented over the 2012-2014 period, geared primarily towards: (i) equipment purchases for the modernization of existing plants and acquisitions/JVs within Mexico, (ii) construction of one-two production sites in Peru and (iii) construction of one-two production sites in Colombia together with Cementos Argos (joint venture partner with Calidra).
The following summary development impacts are expected to be achieved: maintaining profitability, achieving cost-energy efficiency, using alternative fuels and raising environmental, health and safety standards.
Grupo Calidra, S.A. de C.V.
Grupo Calidra, S.A. de C.V. Vasco de Quiroga 1800 Col. Lomas Santa Fe C.P. 01210 México, D.F. Mexico Attention: Alfredo Riefkhol, Chairman of the Board Enrique Fierro, Chief Executive Officer Roberto Amorós, Director of Sustainable Development
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The Projects capital investments will be deployed throughout Grupo Calidras production plants in Mexico and in one to two locations, either greenfield or existing, in each country Peru and Colombia.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
B-CA - Miscellaneous and Industrial Ores (Including Magnesite, Fluorite, Sulfur, Soda Ash, Clays, Gypsum, Lime, Peat, Boron, Diatomite, Feldspar, etc.)
Total: $50.00 million
50000000.00
50000000.00
Grupo Calidra, S.A. de C.V.
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31587/calidra-international
XM-DAC-903-SPI-30836
International Finance Corporation
Artha Capital
Artha Capital S de RL de DV (Artha or the Sponsor) a Mexican real estate fund, focused on the development of affordable housing, retail, industrial and tourism projects in Mexico. Artha finances land and infrastructure investments consisting of the acquisition and development of land, the implementation of planned and sustainable urban projects and the implementation of basis infrastructure and sale of land for the purposes of housing, tourism, industrial and commercial development.
The Company completed the raising of $200 million and has already built up a solid project pipeline. In its efforts to diversify its portfolio and complete the execution of its targeted projects Artha has invited IFC to invest up to $25 million equivalent in Mexican pesos in equity to finance the individual sub-projects. It is estimated that Artha will raise additional financing of $75 million.
The development impact of this project includes:
(i) housing supply - alleviate the current housing shortage in Mexico;
ii) community development - development of states and municipalities facilitating the efficient provision of municipal services;
(iii) economic growth - contribution to the economic growth in the regions where investments will be made as a result of public private participation; and
(iv) job creation - the project will create job opportunities both during construction and operation of the communities;
(v) enhanced local supply linkages - increase demand for construction and building materials in the country.
ARTHA LD FUND LP
Mr. Rafael Díaz Guerrero,
Chief Financial Officer
Artha Operadora S.A. de C.V.
Paseo de Tamarindos No. 90 Torre 1, Piso 28
Bosques de las l Lomas, México DF, CP 05120
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Mexico
The investment vehicle through which IFC will invest will be set up in Mexico and will make investments into individual sub-projects throughout the country.
Location description
A description that qualifies the activity taking place at the location.
23.0000000000 -102.0000000000
AA - Construction and Real Estate
Total: $25.00 million
25000000.00
25000000.00
ARTHA LD FUND LP
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30836/artha-capital