38366 - CalidraArgentina

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Summary of Investment Information

Project Number

38366

Company Name

Grupo Calidra, S.A. de C.V.

Date SPI Disclosed

Aug 18, 2016

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Sep 19, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry MAS LAC & EUR

Industry

Manufacturing

Previous Events

Approved : Oct 18, 2016
Signed : Nov 3, 2016
Invested : Nov 29, 2016

Sector

Miscellaneous and Industrial Ores (Including Magnesite, Fluorite, Sulfur, Soda Ash, Clays, Gypsum, Lime, Peat, Boron, Diatomite, Feldspar, etc.)

Project Description

The Project consists of Grupo Calidra’s (“Calidra” or the “Company”) investment plan to enter the Argentine market. Calidra will invest in CEFAS S.A., an important player in lime production in Argentina and realize subsequent investments for capacity expansion and operational improvements. This in turn will enable Calidra to enter the Chilean market via exports.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	31.43
Equity

Development Impact

IFC will continue to support a long-term strategic client by providing long-term funding which is not readily available in the Argentine market, neither for local nor for foreign companies. IFC''s participation in the Project will help the Company to implement its current E&S policy in Argentina. IFC will continue to support the Company in its expansion in Latin America, in this case in Argentina, where IFC is familiar with local business conditions and can further support by enlarging the network of local funding providers beyond those already within CEFAS'' partner group.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Direct Employment (#) - Operations and Maintenance	Employment (#)		Not Available	Not Available	Not Available
Female Direct Employment (#) - Operations and Maintenance	Female Employment (#)		Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

Key E&S impacts associated with this operation includes air emissions, water sourcing, emergency response, occupational health and work place impacts (noise, dust, etc.), quarry and transport management, etc. As part of the process of evaluating Cefas operations (Olavarria, Padre Bueno, Decavó, Quilpo y Zapala) Calidra is conducting E&S audits to determine (a) the current status and needed mitigation actions for the plants, its associated quarries and the distribution centers and (b) the impacts and needed mitigations from the sourcing/transportation.
In Mexico, Calidra’s policies cascade down from the corporate level to each plant in accordance to its Sustainability Policy and operational procedures which specify the company’s operating parameters. These policies are supported and complemented at the plant level by a suite of procedures and/or manuals. In addition, to effectively manage the resource efficiency aspects of its operations, Calidra has developed operational targets and performance indicators. For purposes of the proposed project, Calidra anticipates implementing the same approaches to the operations in Argentina.

Contacts

For Inquiries About the Project, Contact

Grupo Calidra, S.A. de C.V.
Vasco de Quiroga 1800
Col. Lomas Santa Fe C.P. 01210
México, D.F.
Mexico
Attention: Alfredo Riefkhol, Chairman of the Board
Enrique Fierro, Chief Executive Officer (Latam)
Roberto Amorós, Director of Sustainable Development
Jorge Guillermo Bautista, Chief Executive Officer (Mexico)
Alejandro Hollander, Chief financial Officer

For Inquiries and Comments About IFC, Contact

General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster

Local Access of Project Documentation

In Mexico:

Grupo Calidra, S.A. de C.V.
Vasco de Quiroga 1800
Col. Lomas Santa Fe C.P. 01210
México, D.F.
Mexico
Ph. +52 1 55 52591190

Attention: Alfredo Riefkhol, Chairman of the Board
Enrique Fierro, Chief Executive Officer (Latam)
Roberto Amorós, Director of Sustainable Development
Jorge Guillermo Bautista, Chief Executive Officer (Mexico)
Alejandro Hollander, Chief financial Officer

In Argentina:

Health, Safety & Environment Corporate
Contact Person: Juan Pablo Farina
Company Name: Cefas SA
Email: mailto:jfarina@cefas.com.ar
Phone: +54 9 261 5419847

Quilpo
Contact Person: Mariano Audisio
Company Name: Cefas SA
Address: Escuela Comunidad Quilpo (located within the property of the company)
Email: mailto:maudisio@cefas.com.ar
Phone: +54 9 3549 472 761

Padre Bueno
Contact Person: Fernando Gallo
Company Name: Cefas SA
Address: Hospital Los Berros, ruta 319 s/n Los Berros, Sarmiento, San Juan
Escuela Divisadero, ruta 153 s/n Divisadero, Sarmiento, San Juan
Escuela Cienaguita, Ruta 153 s/n Cienaguita, Sarmiento, San Juan
Email: mailto:fgallo@cefas.com.ar
Phone: +54 9 264 6625047

Olavarria
Contact Person: Roque Terrasanta
Company Name: Cefas SA
Address: Delegación Municipal Loma Negra 54 2284 493000
Centro de Salud Comunitario de Paraje La Providencia
Email: mailto:rterrasanta@cefas.com.ar
Phone: +54 9 2284 66 8481

Zapala
Contact Person: Héctor Acevedo
Company Name: Cefas SA
Address: Centro Integrador Comunitario Caleuche (02942) 421962 P. Moreno s/n - Bo.Antena - Mz.26 - Zapala
Email: mailto:hacevedo@cefas.com.ar
Phone: +54 9 2942 40 2914
.

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. Its purpose is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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