Environmental Review Summary
Project Number
10361
Company Name
PUERTAS FINAS DE MADERA MONTEALBAN, S.A. DE C.V.
Date ERS Disclosed
Oct 12, 2001
Country
Mexico
Region
Latin America and the Caribbean
Environmental Category
B - Limited
Status
Completed
Previous Events
Approved : Dec 17, 2001
Signed : Feb 19, 2002
Invested : Aug 6, 2002
Sector
Solid Wood Products (VAP)
Industry
other
Department
Gbl Ind, Manufact, Agribus & Services
Project Description
Puertas Finas de Madera Montealban, S.A. de C.V. and its seven affiliates (collectively Puertas Finas, or the company) are a group of companies under common ownership dedicated to the manufacture and distribution of wooden doors in Mexico, with exports to the U.S. and Canada. Puertas Finas has its headquarters and most of its production plants in the state of Oaxaca, but also has operations in the states of Guerrero, Querétaro and Mexico.
Puertas Finas has presented to IFC a 4-year (1999-2002), US$26.3 million, modernization and expansion project which includes the following components:
(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 wooden reels and truck flooring productions;
(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.
Puertas Finas has presented to IFC a 4-year (1999-2002), US$26.3 million, modernization and expansion project which includes the following components:
(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 wooden reels and truck flooring productions;
(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.
