PROJECT

Projects

Environmental Review Summary

Project Number

10509

Company Name

GPC PARTICIPACOES S.A

Date ERS Disclosed

Mar 19, 2001

Country

Brazil

Region

Latin America and the Caribbean

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 4, 2001
Signed : Sep 30, 2001
Invested : Oct 22, 2001

Sector

Plastics Material and Resin

Industry

other

Department

Regional Industry MAS LAC & EUR

Project Description


 Synteko Produtos SA ("Synteko") and Apolo Produtos de Aco SA ("Apolo"), two companies of the Grupo Peixoto de Castro ("GPC") group, intend to expand their capacity and modernize their existing facilities through a three-year investment program. Apolo is involved in the production of steel pipes and Synteko is involved in the manufacturing of branded consumer cleaning products (such as floor waxes, furniture polishes, varnish products -for domestic and commercial usage-), resin and adhesives.

The proposed project consists in (i) implementing a new steel pipe line in replacement of an old one, (ii) implementing a new resin plant in Uberaba, Minas Gerais State (with a production dedicated to Satipel, an MDF producer) and (iii) implementing a three-year expansion and renovation program of its existing resin, adhesives and floor wax facilities.

Environmental and Social

Conclusion & Monitoring