PROJECT

Projects

Summary of Investment Information

Project Number

38364

Company Name

HANSAE HAITI S.A.

Date SPI Disclosed

May 16, 2017

Country

Haiti

Region

Latin America and the Caribbean

Projected Board Date

Jun 16, 2017

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jul 9, 2022

Department

Regional Industry MAS LAC & EUR

Industry

Manufacturing

Previous Events

Approved : Jun 15, 2017
Signed : Jun 16, 2017
Invested : Feb 7, 2018

Sector

Garment and Apparel (With Primary Textile Operations, Excluding Footwear)

Project Description

IFC is considering providing an A loan of up to US$3 million to partially support Hansae Co. Ltd., a South Korean garment manufacturer in setting up its first manufacturing operating in Haiti.  Hansae currently exports approximately 300 million pieces of clothing per year from 11 production facilities in 5 countries: Nicaragua, Guatemala, Indonesia, Myanmar and Vietnam.    Phase 1 of the Haiti  project entails the establishing of a cutting and sewing plant of up to 44 production lines in the Sonapi (Societe Nationale des Parcs Industriels) industrial park in Port-au-Prince.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation