PROJECT

Projects

Environmental & Social Review Summary

Project Number

35953

Company Name

FINE HYGIENIC HOLDING GROUP LIMITED

Date ESRS Disclosed

Mar 15, 2016

Country

Jordan

Region

Middle East

Last Updated Date

Aug 20, 2023

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : May 26, 2016
Signed : Sep 19, 2016
Invested : Dec 20, 2016

Sector

Paper Tissue

Industry

Agribusiness and Forestry

Department

Regional Industry MAS MCT

Project Description

With its head office in Amman, Jordan, the MENA Hygienic Holding Group (“Nuqul” or the “Company”) is a leading regional manufacturing group primarily involved in the production of jumbo tissue rolls and their subsequent conversion into paper-based hygienic products such as facial tissues and diapers. It consists of 16 companies with production facilities in 5 countries across the MENA region. These production facilities (plants) are located in Egypt, Jordan, KSA, UAE, and Morocco. The proposed project consists primarily of the establishment of a new paper mill in Abu Dhabi, United Arab Emirates (UAE), (Paper Mill #5 or “PM5”). PM5 is expected to enter into operation by mid-2017.

Total project cost is estimated at approximately US$218 million. The proposed IFC investment is a US$35 million A Loan for IFC’s own account, which will be structured as an 8-year amortizing corporate loan.

Nuqul is an existing IFC client (since 1990). The ESRS of the previous investment was published at IFC’s website on 12 March 2010 and can be found at: [ifcext.ifc.org/ifcext/spiwebsite1.nsf/78e3b305216fcdba85257a8b0075079d/ad7b22f029a44d65852576e3005fbbe1?opendocument]. For the current investment, IFC monitors its environmental, social and health and safety (ESHS) performance and founds it to be satisfactory. For some existing gaps (in stack emissions and workplace conditions), Nuqul has provided a corrective action plan in alignment with WBG General EHS guidelines and WBG Guidelines for Pulp and Paper Mills. More detailed information is presented in the paragraphs that follow.

Overview of IFC's Scope of Review

IFC''s review of this project included site visits to Nuqul’s facilities in Jordan (in September 2015), as well as meetings with key members of the Nuqul’s management team at the company’s corporate offices in Amman, including discussions with the company’s environmental, health and safety and human resources Departments in Jordan. In addition, Nuqul has provided detailed information on its systems and procedures for managing the environmental, social, human resources and occupational health and safety aspects of its operations across the Middle East, as well as monitoring information to document its performance in these areas.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan