PROJECT

Projects

Summary of Investment Information

Project Number

31995

Company Name

SRF INDUSTRIES (THAILAND) LIMITED

Date SPI Disclosed

May 24, 2012

Country

Thailand

Region

East Asia and the Pacific

Projected Board Date

Jun 25, 2012

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : Jun 22, 2012
Signed : Jun 27, 2012
Invested : Oct 11, 2012

Sector

Man-Made Fibers (Including Nylon, Polyester, Rayon, etc.)

Project Description

SRF Limited (“SRF”), a producer of bi-axially-oriented polyethylene terephthalate (“BOPET”) in India, and a market leader in Nylon 6 tire cord as well as belting fabrics, proposes to set up a facility for the production of BOPET packaging films in Thailand (the “Plant”). The Plant having a capacity of 28,500 tonnes per annum will be set-up in the SRF’s subsidiary SRF Industries (Thailand) Ltd (“SRFIT”). The project is expected to cost around US$71 million including working capital requirements , of which IFC is considering financing up to US$ 45 mm. The balance will be financed by SRF contribution and loans through local banks.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation