PROJECT

Projects

Environmental & Social Review Summary

Project Number

45539

Company Name

MAMMOTH FOAM AFRICA

Date ESRS Disclosed

Dec 18, 2021

Country

Eastern Africa Region

Region

Africa

Last Updated Date

Dec 17, 2023

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Apr 15, 2022
Signed : Jun 27, 2022
Invested : Dec 15, 2023

Sector

Other Plastic and Rubber Products (Including Polypropylene Bags, Housing Components, Containers, etc.)

Industry

Manufacturing

Department

Regional Industry - MAS Africa

Project Description

  Mammoth Foam Africa (“MFA”, “Group”, or the “Company”) (https://mammothfoam.com/) is a foam manufacturing group with operations across East and Southern Africa comprising Super Foam Ltd. (“Superfoam”) in Kenya, Euroflex Ltd. in Uganda, and Vitafoam Ltd. in Malawi. The Group manufactures polyurethane foam mattresses, spring mattresses and related foam and bedding products. IFC is proposing an investment of a $7.5 million (“M”) A loan and $7.5M in B/parallel loans to MFA to support the operations in Kenya, Uganda, and Malawi and the establishment of new retail branches.

 

The main component of the foam is polyurethane, made by mixing toluene diisocyanate (TDI) and polyol to create a liquid. This liquid is then heated, whipped into a froth and then poured into a mold. After having formed, it is moved to a curing area to be stored while it cools and subsequently cut into smaller components, such as foam mattress. Each of the subsidiaries are fully equipped to undertake the foam manufacturing process, which includes the foam production, cutting, stitching, upholstery, and packaging of the mattresses and allied products.

                                                 

Overview of IFC's Scope of Review

 IFC’s environmental and social (E&S) review of the Project was conducted through a combination of in-person and virtual interactions between November 2-5, 2021 and included; (i) a site visit to the Superfoam manufacturing facility and warehouse in Ruiru, Kenya; (ii) discussions with the Group Directorss (iii) discussions with the Group Quality Health, Safety and Environment Manager, Superfoam Health Safety and Environment (HSE) coordinator and Group Human Resources (HR) Manager; (iv) interviews with 6 Superfoam employees representing unionized workers, HSE committee members and the welfare committee; (v) a review of the Group’s E&S related policies and procedures including: HR management procedures, employee handbook, training records, environmental monitoring reports, emergency response plans and COVID-19 related management response plan; and (vi) a virtual tour of the Euroflex manufacturing facility (Uganda) and warehouse.

                                                  

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan