Summary of Proposed Investment
Project Number
4640
Company Name
Cifunsa, S.A. de C.V.
Date SPI Disclosed
Apr 18, 1995
Country
Mexico
Industry
Manufacturing
Status
Completed
Sector
Motor Vehicle Parts
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Jun 29, 1995
Signed : Jul 21, 1995
Invested : Aug 8, 1995
Project Description
SUMMARY OF PROJECT INFORMATION (SPI)
Country/Project Name Mexico - Cifunsa
Region Latin America
Sector Non-sectoral
Project No. 4640
Projected Board Date May 31, 1995
Company Name Cifunsa S.A. de C.V.
Technical Partner and/or Major Shareholders
Cifunsa is a wholly owned subsidiary of Grupo Industrial Saltillo S.A. de C.V. (GISSA). GISSA''s shareholding is controlled 85% by its original founders, the Lopez family, while the remaining 15% is held by the general public. GISSA''s shares are traded in the Mexican Stock Exchange.
Project Cost including proposed IFC investment
US$45.9 million
Location of project and Description of site
Saltillo, Coahuila. The site is located in an industrial corridor on the northern side of the city.
Description of Company and Purpose of Project
Cifunsa is the leading Mexican producer of automotive engine block and engine head castings. IFC has been asked to partly finance the modernization, automation and expansion of the manufacturing operations of Cifunsa, as well as the improvement of its environmental facilities.
Environmental Categories and Issues
This is a category "B" project according to IFC''s environmental review procedure. Environmental issues associated with this project include air emissions, liquid effluents, solid wastes and land use. Occupational health and safety issues include equipment guarding, fire prevention, emergency response, and employee exposure to noise, molten metal, dust and hazardous materials.
The Environmental Review Summary is expected to be available on or about May 15, 1995 from the Public Information Center.
Host country location(s) of environmental documents: Chiapas 375 Pte., Apartado Postal 29-C, 25280 Saltillo, Coahuila, Mexico.
Date SPI sent to PIC [To be input by Corporate Relations Unit}
For additional Information contact: Corporate Relations Unit - telephone (202) 473-7711 - facsimile: (202) 676-0365.
IFCSPI(04/04/95)
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).
Country/Project Name Mexico - Cifunsa
Region Latin America
Sector Non-sectoral
Project No. 4640
Projected Board Date May 31, 1995
Company Name Cifunsa S.A. de C.V.
Technical Partner and/or Major Shareholders
Cifunsa is a wholly owned subsidiary of Grupo Industrial Saltillo S.A. de C.V. (GISSA). GISSA''s shareholding is controlled 85% by its original founders, the Lopez family, while the remaining 15% is held by the general public. GISSA''s shares are traded in the Mexican Stock Exchange.
Project Cost including proposed IFC investment
US$45.9 million
Location of project and Description of site
Saltillo, Coahuila. The site is located in an industrial corridor on the northern side of the city.
Description of Company and Purpose of Project
Cifunsa is the leading Mexican producer of automotive engine block and engine head castings. IFC has been asked to partly finance the modernization, automation and expansion of the manufacturing operations of Cifunsa, as well as the improvement of its environmental facilities.
Environmental Categories and Issues
This is a category "B" project according to IFC''s environmental review procedure. Environmental issues associated with this project include air emissions, liquid effluents, solid wastes and land use. Occupational health and safety issues include equipment guarding, fire prevention, emergency response, and employee exposure to noise, molten metal, dust and hazardous materials.
The Environmental Review Summary is expected to be available on or about May 15, 1995 from the Public Information Center.
Host country location(s) of environmental documents: Chiapas 375 Pte., Apartado Postal 29-C, 25280 Saltillo, Coahuila, Mexico.
Date SPI sent to PIC [To be input by Corporate Relations Unit}
For additional Information contact: Corporate Relations Unit - telephone (202) 473-7711 - facsimile: (202) 676-0365.
IFCSPI(04/04/95)
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
Related ESRS/ERS
