Summary of Proposed Investment
Project Number
5138
Company Name
CERAMICA ZANON SACIYM
Date SPI Disclosed
Aug 8, 1995
Country
Argentina
Industry
Manufacturing
Status
Completed
Sector
Pottery, Ceramic, and Plumbing Fixtures (Including Kitchenware)
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Jan 18, 1996
Signed : Jan 29, 1996
Invested : Feb 28, 1996
Project Description
Summary Of Project Information (SPI)
| Project Name | Argentina-Cerámica Zanón (“Zanón”) S.A. |
RegionLatin America
Sector
Project No005138
Projected Board DateSeptember 7, 1995
Company NameCerámica Zanón S.A.
Technical Partner and/or Major Shareholders
Cerámica Zanón, founded in 1974, is owned and managed by the Zanón family.
Project Cost Including proposed IFC investment
Total project cost is estimated at US$73.0 million. IFC’s investment consists of a US$12 million ‘A’ loan and a US$8 million ‘C’ Loan.
Location of project and Description of site
Zanón has two plants: a ceramic plant in Neuquén, Province of Neuquén, and a sanitary ware plant in General Sarmiento, Province of Buenos Aires. The Company’s headquarters are located in the Capital City of Buenos Aires.
Description of Company and Purpose of Project
Zanón is one of the leading companies in the ceramic business in Argentina. It also owns, through its subsidiary Motta S.A., a state-of-the-art sanitary ware plant. In order to maintain its position in the market and be able to increase exports, Zanón is embarking on an investment program to expand production, modernize its ceramics’ plant, and increase the efficiency of its operations.
Environmental Category and Issues
This is an environmental review category B project. Issues include air emissions, liquid effluents, solid and liquid wastes, fire prevention, and employee exposure to noise, dust and chemical substances. The sponsor is designing the new sanitary ware line to comply with World Bank guidelines. The existing facilities generally meet relevant World Bank requirements for solid and liquid wastes, fire prevention, and protection of employees. Programs are in place to recycle treated effluents, solid waste and waste oils. Studies are being conducted to identify improvements needed to meet World Bank guidelines for air emissions and treated liquid effluents which can not be recycled.
The Environmental Review Summary is expected to be available on or about August 31, 1995 from the Public Information Center.
| Date SPI sent to PIC | August 8, 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
Related ESRS/ERS
