Summary of Proposed Investment
Project Number
27345
Company Name
Pantaleon Sugar Holdings Company Ltd
Date SPI Disclosed
Dec 22, 2008
Country
Guatemala
Industry
Agribusiness and Forestry
Projected Board Date
Feb 5, 2009
Status
Completed
Sector
Sugarcane and Beets
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Feb 26, 2009
Signed : May 28, 2009
Invested : Jul 28, 2009
Project Description
Pantaleon Sugar Holdings Company Limited (Pantaleon or the company) is the largest sugar producer in Central America, with mills located in Guatemala, Nicaragua and Honduras. It supplies raw and refined sugar to the domestic market in Guatemala, raw sugar to the domestic market in Nicaragua, raw sugar in Honduras, and exports raw and refined sugar to the world market including the U.S. In addition, Pantaleon’s co-generation facilities supply electricity for sale to the national power networks in Guatemala, Nicaragua and Honduras.
The purpose of the investment is to support Pantaleon’s ongoing investment program which includes:
- expanding the company’s sugar production and electricity co-generation facilities in Guatemala; and
- expansion of ethanol production in Guatemala and a new ethanol plant in Nicaragua
The purpose of the investment is to support Pantaleon’s ongoing investment program which includes:
- expanding the company’s sugar production and electricity co-generation facilities in Guatemala; and
- expansion of ethanol production in Guatemala and a new ethanol plant in Nicaragua
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Enrique Goicolea
Diagonal 6, 10-31 Zona 10
Centro Gerencial Las Margaritas
01010 Guatemala, Guatemala
Telephone: (502) 2 277-5100
Fax: (502) 2 334-7238, 2 332-1192
Website: www.pantaleon.com
Diagonal 6, 10-31 Zona 10
Centro Gerencial Las Margaritas
01010 Guatemala, Guatemala
Telephone: (502) 2 277-5100
Fax: (502) 2 334-7238, 2 332-1192
Website: www.pantaleon.com
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
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
Contact Persons (in each of the 3 countries):
Pantaleón Guatemala:
Name: Juan Carlos Acosta G.
Address: Km 86.5 carretera al Pacífico. Siquinalá. Escuintla
Phone number: 7879 4020
Time: 07:00 - 18:00
Pantaleón Nicaragua:
Name: María Alejandra Zurita
Address: Kilómetro 148.5, carretera El Viejo – Potosí. El Viejo. Chinandega
Phone number: 342 9040
Time: 07:00 - 18:00
Pantaleón Honduras:
Name: Fredy Arias R.
Address: Marcovia. Km 21 carretera a Cedeño. La Grecia. Choluteca
Phone number: 782 0627 / 29
Time: 07:00 - 18:00
Local disclosure will be made available at the following locations:
Nicaragua – Chinandega
Name: Instituto Nacional Miguel Angel Ortez y Guillen
Address: Carretera al Viejo, frente a Colonia Santa Ana
Phone number: (505) 3417735 ó (505) 3410941
Time: 09:00 – 17:00
Nicaragua - El Viejo
Name: Casa Cural de la Basílica del Viejo
Address: Del mercado central 1 calle al Este.
Phone number: (505) 3442285
Time: 09:00 – 17:00
Nicaragua – nuevas áreas de expansión
Name: Centro de Salud El Higueral
Address: Villa 15 de Julio, 200 metros, Carretera a Somotillo
Phone number: no hay teléfono disponible
Time: 09:00 – 17:00
Guatemala - Santa Lucía Cotzumalguapa
Name: Biblioteca Municipal del Banco de Guatemala
Address: 5ª. Calle 3-39 zona 1
Phone number: (502) 78825443 Extensión 120
Contact: Luz María Tubac
Time: 09:00 – 17:00
Guatemala – Escuintla
Name: Centro Cultural de Escuintla
Address: 3ª. Avenida 9-00 zona 1
Phone number: (502)78892219
Contact: Luis Maldonado
Time: 09:00 – 17:00
Guatemala – Siquinalá
Name: Biblioteca Municipal
Address: 8ª. Calle 2-36 zona 1
Phone number: (502) 78802387 ó (502) 78802103/04
Contact: Gorety Soma
Time: 09:00 – 17:00
Honduras – Choluteca
Name: Centro Comunal de la Iglesia Espiritu Santo
Address: Aldea de Monjaras, Marcovia, Choluteca, Honduras
Phone number: (504) 7762120
Contact: Mery Flores Soriano
Time: 09:00 – 17:00
In addition, the ESRS and ESAP will be displayed on the corporate web site (www.pantaleon.com).
Announcements will be published in the following national newspapers:
- Guatemala - Diario Prensa Libre
- Nicaragua - La Prensa y El Nuevo Diario
- Honduras – El Heraldo
Pantaleón Guatemala:
Name: Juan Carlos Acosta G.
Address: Km 86.5 carretera al Pacífico. Siquinalá. Escuintla
Phone number: 7879 4020
Time: 07:00 - 18:00
Pantaleón Nicaragua:
Name: María Alejandra Zurita
Address: Kilómetro 148.5, carretera El Viejo – Potosí. El Viejo. Chinandega
Phone number: 342 9040
Time: 07:00 - 18:00
Pantaleón Honduras:
Name: Fredy Arias R.
Address: Marcovia. Km 21 carretera a Cedeño. La Grecia. Choluteca
Phone number: 782 0627 / 29
Time: 07:00 - 18:00
Local disclosure will be made available at the following locations:
Nicaragua – Chinandega
Name: Instituto Nacional Miguel Angel Ortez y Guillen
Address: Carretera al Viejo, frente a Colonia Santa Ana
Phone number: (505) 3417735 ó (505) 3410941
Time: 09:00 – 17:00
Nicaragua - El Viejo
Name: Casa Cural de la Basílica del Viejo
Address: Del mercado central 1 calle al Este.
Phone number: (505) 3442285
Time: 09:00 – 17:00
Nicaragua – nuevas áreas de expansión
Name: Centro de Salud El Higueral
Address: Villa 15 de Julio, 200 metros, Carretera a Somotillo
Phone number: no hay teléfono disponible
Time: 09:00 – 17:00
Guatemala - Santa Lucía Cotzumalguapa
Name: Biblioteca Municipal del Banco de Guatemala
Address: 5ª. Calle 3-39 zona 1
Phone number: (502) 78825443 Extensión 120
Contact: Luz María Tubac
Time: 09:00 – 17:00
Guatemala – Escuintla
Name: Centro Cultural de Escuintla
Address: 3ª. Avenida 9-00 zona 1
Phone number: (502)78892219
Contact: Luis Maldonado
Time: 09:00 – 17:00
Guatemala – Siquinalá
Name: Biblioteca Municipal
Address: 8ª. Calle 2-36 zona 1
Phone number: (502) 78802387 ó (502) 78802103/04
Contact: Gorety Soma
Time: 09:00 – 17:00
Honduras – Choluteca
Name: Centro Comunal de la Iglesia Espiritu Santo
Address: Aldea de Monjaras, Marcovia, Choluteca, Honduras
Phone number: (504) 7762120
Contact: Mery Flores Soriano
Time: 09:00 – 17:00
In addition, the ESRS and ESAP will be displayed on the corporate web site (www.pantaleon.com).
Announcements will be published in the following national newspapers:
- Guatemala - Diario Prensa Libre
- Nicaragua - La Prensa y El Nuevo Diario
- Honduras – El Heraldo