PROJECT

Projects

Summary of Investment Information

Project Number

43250

Company Name

GEM CO., LTD.

Date SPI Disclosed

Jul 13, 2021

Country

China

Region

East Asia and the Pacific

Projected Board Date

Aug 30, 2021

Environmental Category

B - Limited

Status

Active

Last Updated Date

Apr 1, 2022

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : Sep 23, 2021
Signed : Nov 25, 2021
Invested : Mar 30, 2022

Sector

Electrical Machinery, Equipment and Components (Electric Lighting, Motors, Batteries, Insulated Wires and Cables, Fiber Optic Cable, Carbon and Graphite Products, etc.)

Project Description

Founded in 2002, GEM Co., Ltd. (“GEM”, the “Company”) is a leading waste recycler and manufacturer of lithium-based battery materials in China. The proposed investment is a RMB 500 million (approximately US$76 million equivalent) A Loan to support the Company’s construction of new recycling facilities in Hubei Province, a frontier region of China (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation