Summary of Proposed Investment
Project Number
7073
Company Name
Tigre S/A. Tubos e Conexões
Date SPI Disclosed
Jan 17, 1996
Country
Brazil
Industry
Manufacturing
Status
Completed
Sector
Plastic Pipes
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Mar 7, 1996
Signed : Jan 14, 1997
Invested : Apr 29, 1997
Project Description
Summary Of Project Information (SPI)
| Project Name | Brazil:Tubos e Conexões Tigre Ltda (“Tigre”) |
| Region | Latin America and Caribbean |
Sector
Project No007073
Projected Board DateFebruary 17, 1996
Company NameTubos e Conexões Tigre Ltda (“Tigre”)
Technical Partner and/or Major Shareholders
Tigre is a closed company owned by Tigre Participações S.A. (“Tigrepar”). Tigrepar is 73.4% owned by JHJ Empreendimentos e Participações S.A. (the holding company of the Hansen family, which founded Tigre in 1941), 16.4% by Bradesco (a leading Brazilian private bank) and 10.2% by various small investors.
Project Cost Including proposed IFC investment
US$184.6 million; IFC investment of about US$60 million, of which US$30 million for IFC’s own account and US$30 million for the account of participant banks.
Location of project and Description of site
As part of the investment program, Tigre will consolidate its existing production facilities in three plants located in Joinville (Santa Catarina), Rio Claro (São Paulo) and Camaçari (Bahia), and it will build a new plant to be located in Rio Claro (São Paulo).
Description of Company and Purpose of Project
Tigre is Brazil’s leading manufacturer of rigid PVC pipes and fittings. As part of an overall modernization and expansion process, Tigre is implementing a three-year investment program estimated to cost US$184.6 million, which will increase its production capacity from 120,000 tons per year (tpy) to 185,000 tpy.
PVC pipes and fittings are a key product in the development of a national grid of water, sewage, telephone and electricity. Tigre’s investment will increase the availability of high quality pipes and fittings at lower costs, thereby contributing towards IBRD’s and Brazil Government’s objective of promoting infrastructure expansion. IFC will provide long-term funds, which continue to be scarce in Brazil, and introduce Tigre to the international financial markets through the B Loan syndication.
Environmental Category and Issues
This is a category B project according to IFC’s environmental review procedure. Environmental and occupational health and safety issues associated with this project include air emissions; liquid effluents; solid residues; noise; fire protection; and occupational health and safety training. Tigre does not use any processes resulting in direct air emissions. Process wastewater does not apply to Tigre’s processes and domestic (gray) wastewater is treated in anaerobic filters before being released into the public sewage system. Resins and packaging materials are recycled. Rubbish is dumped in a municipal dump. To limit noise impact, machinery has been enclosed, baffles installed and noisy equipment changed. Fire extinguishers and sprinkler systems have been installed and employees are educated in industrial fire fighting. Tigre provides mandatory monthly health and safety training. IFC will ensure ongoing compliance with World Bank guidelines during the life of the project by evaluating monitoring reports submitted annually to IFC by Tigre, and by conducting periodic supervision.
The is from the Public Information Center.
| Host country location of environmental documents | Av. Presidente Juscelino Kubitschek, 1830, Torre 4 - 3o. andar, São Paulo, Brazil |
Date SPI sent to PIC January 17, 1996
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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