PROJECT

Projects

Environmental Review Summary

Project Number

10292

Company Name

UNIPAKNILE LTD

Date ERS Disclosed

Jul 20, 2000

Country

Egypt, Arab Republic of

Region

Africa

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Oct 3, 2000
Signed : Apr 2, 2001
Invested : Apr 11, 2001

Sector

Paper Packaging Products (Including Boxes, Cartons, etc.)

Industry

other

Department

Regional Industry - MAS Africa

Project Description

Unipak-Nile is an existing IFC Client who - with IFC financing - set up a green-field facility to produce corrugated cardboard packaging for the Egyptian domestic market in June 1997. The Sponsor has now approached IFC requesting an additional loan to finance the 2nd phase of its program (total project cost of up to US$4.81 million) which will add capacity slightly and will significantly improve its response time to the market opportunities, allow for a wider product line offering, reduce costs and provide extra storage capacity.

Environmental and Social

Conclusion & Monitoring