Summary of Proposed Investment
Project Number
4853
Company Name
TATA CHEMICALS MAGADI LTD
Date SPI Disclosed
May 15, 1995
Country
Kenya
Industry
Manufacturing
Status
Completed
Sector
All Other Basic Inorganic Chemical
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Jun 20, 1995
Signed : Oct 16, 1995
Invested : Nov 20, 1995
Project Description
SUMMARY OF PROJECT INFORMATION (SPI)
Project Name KENYA-Magadi Soda Company Limited
Region Sub-Saharan Africa
Sector Industry
Project No. 004853
Projected Board Date June 15, 1995
Company Name The Magadi Soda Company Limited (Magadi)
Location of project and Description of site
Lake Magadi, Kenya, southwest of Nairobi near Tanzanian border.
Description of Company and Purpose of Project
Magadi has been producing soda ash from the alkaline deposits of Lake Magadi since the early part of this century. It is an important, well established exporter of natural soda. Magadi also provides and supports essential infrastructure and social services, such as education and health facilities, to its local community. The project will debottleneck and refurbish Magadi''s operations to increase production capacity by some 50,000 mtpy of soda ash. In addition to investing in key plant and equipment, the project will support Magadi in taking over responsibility for upgrading, maintaining and running its key railway link to the coast, which in the past has been a key constraint on its operations, as well as providing funding for investment in environmental management.
Shareholders
Magadi''s shareholder is Brunner Mond Holdings Limited, which took over ICI''s (Magadi''s previous owner) UK and Kenyan interests in the soda ash industry, through a buy-out in 1991.
Project Cost including proposed IFC investment
The project is due to be completed in 1996 at a cost currently estimated at US$23 million.
Environmental Categories and Issues
This is a category B project according to IFC''s environmental review procedure. Environmental issues involve air emissions, liquid effluent, solid waste disposal, general housekeeping, rail operation and safety, and general health and safety. An independent consultant has, on behalf of Magadi''s new owners, prepared an environmental audit of Magadi''s facilities, and recommends actions on technical and housekeeping issues to be taken for bringing the operations into compliance with local regulations and World bank environmental policies and guidelines. A corrective action plan covering these recommendations will be implemented as part of the project.
Date SPI sent to PIC May 15, 1995
For additional information contact: Corporate Relations Unit
tel: (202) 473-7711
fax: (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).
Project Name KENYA-Magadi Soda Company Limited
Region Sub-Saharan Africa
Sector Industry
Project No. 004853
Projected Board Date June 15, 1995
Company Name The Magadi Soda Company Limited (Magadi)
Location of project and Description of site
Lake Magadi, Kenya, southwest of Nairobi near Tanzanian border.
Description of Company and Purpose of Project
Magadi has been producing soda ash from the alkaline deposits of Lake Magadi since the early part of this century. It is an important, well established exporter of natural soda. Magadi also provides and supports essential infrastructure and social services, such as education and health facilities, to its local community. The project will debottleneck and refurbish Magadi''s operations to increase production capacity by some 50,000 mtpy of soda ash. In addition to investing in key plant and equipment, the project will support Magadi in taking over responsibility for upgrading, maintaining and running its key railway link to the coast, which in the past has been a key constraint on its operations, as well as providing funding for investment in environmental management.
Shareholders
Magadi''s shareholder is Brunner Mond Holdings Limited, which took over ICI''s (Magadi''s previous owner) UK and Kenyan interests in the soda ash industry, through a buy-out in 1991.
Project Cost including proposed IFC investment
The project is due to be completed in 1996 at a cost currently estimated at US$23 million.
Environmental Categories and Issues
This is a category B project according to IFC''s environmental review procedure. Environmental issues involve air emissions, liquid effluent, solid waste disposal, general housekeeping, rail operation and safety, and general health and safety. An independent consultant has, on behalf of Magadi''s new owners, prepared an environmental audit of Magadi''s facilities, and recommends actions on technical and housekeeping issues to be taken for bringing the operations into compliance with local regulations and World bank environmental policies and guidelines. A corrective action plan covering these recommendations will be implemented as part of the project.
Date SPI sent to PIC May 15, 1995
For additional information contact: Corporate Relations Unit
tel: (202) 473-7711
fax: (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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