PROJECT

Projects

Summary of Investment Information

Project Number

46834

Company Name

Intco Recycling Resources Co., Ltd.

Date SPI Disclosed

Mar 5, 2024

Country

Malaysia

Region

East Asia and the Pacific

Projected Board Date

Nov 22, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Apr 5, 2024

Department

Regional Industry - MAS Asia & Pac

Industry

other

Previous Events

Approved : Nov 22, 2023
Signed : Dec 18, 2023
Invested : Apr 2, 2024

Sector

other

Project Description

 Shandong Intco Recycling Resources Company Limited (“Intco” or “the Company”) is an innovative manufacturer of recycled polystyrene (r-PS) and recycled polyethylene terephthalate (r-PET) headquartered in China. It produces and sells an extensive range of finished products including picture frames, original framed paintings and other artwork, mirrors, architectural panels, and other home finishings.

The proposed IFC investment will support Intco to construct a greenfield multi-material plastic reprocessing site in Malaysia, as well as supporting the working capital needs of its operations (the “Project”).                                                  

Associated Advisory Engagement

                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation