Summary of Proposed Investment
Project Number
3858
Company Name
MAPLE LEAF CEMENT FACTORY LIMITED
Date SPI Disclosed
May 30, 1995
Country
Pakistan
Industry
Manufacturing
Status
Completed
Sector
Cement
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Mar 2, 1994
Signed : Apr 12, 1994
Invested : Nov 16, 1994
Project Description
Summary Of Project Information (SPI)
| Project Name | ISLAMIC REPUBLIC OF PAKISTAN: Maple Leaf Cement Factory Ltd. |
| Risk Management Facility |
| Region | Central Asia |
Sector
Project No.003858
Projected Board DateJune 15, 1995
Company NameMaple Leaf Cement Factory Ltd.
Technical Partner and/or Major Shareholders
% The Saigol/Kohinoor Textile Group 40.2 Sponsor F.L. Smidth of Denmarks 5.4 Techn. Partner IFC 5.5 Other Foreign and Local Shareholders 48.9
Project Cost Including proposed IFC investment
US$ 8 million
Location of project and Description of site
Project is a Risk Management Facility for Maple Leaf Cement Factory Ltd. which is itself located in Lahore, Pakistan, with production facilities at Daudkhel, in the district of Punjab.
Description of Company and Purpose of Project
The Company is engaged in the production of cement for the local market. The Project is to create a 3-year Risk Management Facility to enable the Company to hedge itself against the foreign exchange risk arising from an equipment supply contract payable in Danish Kroners, while the Company’s financing is in US Dollars.
Environmental Category and Issues
The project is in the “C” category and as such does not require further environmental evaluation.
Date SPI sent to PIC May 30, 1995
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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