PROJECT

Projects

Environmental Review Summary

Project Number

10771

Company Name

ASTRA OTOPARTS, PT TBK

Date ERS Disclosed

May 14, 2004

Country

Indonesia

Region

East Asia and the Pacific

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Sep 8, 2004
Signed : Jun 6, 2005
Invested : Jun 15, 2005

Sector

Motor Vehicle Parts

Industry

other

Department

Regional Industry - MAS Asia & Pac

Project Description

PT. Astra Otoparts Tbk. (AOP or the company) is the largest manufacturer and distributor of automotive parts for cars and motorcycles in the increasingly competitive automotive component industry in Indonesia. AOP has requested a corporate loan from IFC of about $24 million to provide additional working capital and to assist with an increase in production and the product range at selected subsidiaries.

The project aims to:

- enhance AOP’s competencies in product and process engineering; and
- strengthen its position in the replacement markets.

Environmental and Social

Conclusion & Monitoring