Summary of Proposed Investment
Project Number
25672
Company Name
TECNOQUIMICAS S A
Date SPI Disclosed
May 6, 2008
Country
Colombia
Industry
Health, Education and Life Sciences
Projected Board Date
Jun 11, 2008
Status
Completed
Sector
Pharmaceuticals and Medicine
Date Revised SPI Disclosed
May 12, 2008
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Jun 26, 2008
Signed : Jun 27, 2008
Invested : Mar 31, 2009
Project Description
Tecnoquimicas S.A. (Tecnoquimicas or the company), with its subsidiaries and affiliates, is a local pharmaceutical manufacturer in Colombia. The company and its subsidiaries are involved in the production and distribution of generic pharmaceutical drugs, baby care products, personal care products and animal/veterinary health products. While the company sells majority of its products in Colombia, it also has exports to Ecuador and other countries in Latin America.
Over the next three years, the company plans to undertake investments and capital expenditure, totaling up to $100 million, for:
- expansion and upgrade of its manufacturing facilities;
- possible acquisition of pharmaceutical companies or facilities in the Andean region;
- general corporate expenditure; and
- long-term working capital.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Emilio Sardi, Executive Vice President
Tecnoquimicas S.A.
Calle 23 no. 7-39; A.A. 156
Cali, Colombia
Telephone: +572-882-5555
Fax: +572-883-8859
The environmental documents will be available for review and comment at the following address:
Corporación Autónoma Regional del Valle de Cauca (CVC),
Biblioteca
Carrera 56 # 11 - 36
Cali - Colombia
Teléfono (57-2) 3310100
For Inquiries and Comments About IFC, Contact
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