PROJECT

Projects

Summary of Investment Information

Project Number

36529

Company Name

PUERTAS FINAS DE MADERA MONTEALBAN, S.A. DE C.V.

Date SPI Disclosed

Mar 3, 2015

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Apr 6, 2015

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : Nov 5, 2015
Signed : Jul 1, 2015
Invested : Dec 9, 2015

Sector

Solid Wood Products (VAP)

Project Description

Holding Montealban, S.A. de C.V. (“Puertas Finas” or the “Company”) is a leading company in the production of doors, contract woodwork, plywood, kitchens, and furniture in Mexico. The Company has production facilities in various parts of Mexico and its headquarters are located in Oaxaca. The project will enable Puertas Finas to: (i) install solar panels, (ii) change its varnishing system; and (iii) replace older or obsolete equipment with more energy efficient models in two of its plants located Oaxaca and Guerrero.

Associated Advisory Engagement

The Project was developed as part of an advisory engagement delivered by IFC’s Energy & Resource Efficiency Client Advisory Services team.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation