Summary of Proposed Investment
Project Number
7099
Company Name
MOSER BAER INDIA LIMITED
Date SPI Disclosed
Jan 19, 1996
Country
India
Industry
Manufacturing
Status
Active
Sector
Computer & Electronic Products(Computers & Peripherals, Communications Equip., Elec. Watches & Similar Elec. Products. Integrated Circuits & the application of Miniturization Technologies characterize this sector.)
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : May 13, 1996
Signed : May 22, 1996
Invested : Aug 22, 1996
Project Description
SUMMARY OF PROJECT INFORMATION
Project Name India:Moser Baer India Ltd.
Region Asia
Sector General Manufacturing
Project No. 007099
Projected Board Date February 21, 1996
Company Name Moser Baer India Ltd.
Technical Partner and/or Major Shareholders
The main Shareholders are the Delhi-based Puri family, who are also engaged in software development and marketing and distribution of other computer related products. The Company has entered into a comprehensive technical and marketing arrangement with BASF, Germany.
Description of Location
Noida Export Processing Zone (NEPZ) in Uttar Pradesh State, near Delhi.
Project Cost and Proposed IFC Investment
US$19.5 million. An IFC Loan of US$5.7 million and equity investment up to US$600,000 is proposed.
Description of Company and Purpose of Project
The Company is an existing leading producer of all types of computer diskettes in India. The project is to expand the capacity of its existing 3.5" export-oriented diskette plant from 1.0 million diskettes per month to 7.0 million diskettes per month. IFC''s participation in the project would help support an upcoming medium-size company becoming a world-scale, low cost efficient producer of diskettes. The Company''s capacity expansion is in line with the Government''s current policy of increasing exports from India.
Environmental Category and Issues
This is a category B project according to IFC''s environmental review procedure. Information provided by the Company indicates that the proposed project is being designed to meet the Government of India pollution control requirements and World Bank guidelines for environment, health and safety. More specifically, Moser Baer has
-2-
confirmed that it will take specific measures to control the impact of: (a) degreasing/cleaning of metal components by installing a water-based degreasing system; (b) isopropyl alcohol used for glue removal from hubs of rejects by setting up a catalyst system to degrade spent isopropyl alcohol; and (c) sanitary, other industrial effluents and solid waste management through the installation of appropriate treatment plants. In addition, it will comply with all occupational health and safety issues including fire protection, employee exposure to noise and chemicals and general safety standards.
The Environmental Review Summary is available from the Public Information Center.
Date SPI sent to PIC: January 19, 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).
Project Name India:Moser Baer India Ltd.
Region Asia
Sector General Manufacturing
Project No. 007099
Projected Board Date February 21, 1996
Company Name Moser Baer India Ltd.
Technical Partner and/or Major Shareholders
The main Shareholders are the Delhi-based Puri family, who are also engaged in software development and marketing and distribution of other computer related products. The Company has entered into a comprehensive technical and marketing arrangement with BASF, Germany.
Description of Location
Noida Export Processing Zone (NEPZ) in Uttar Pradesh State, near Delhi.
Project Cost and Proposed IFC Investment
US$19.5 million. An IFC Loan of US$5.7 million and equity investment up to US$600,000 is proposed.
Description of Company and Purpose of Project
The Company is an existing leading producer of all types of computer diskettes in India. The project is to expand the capacity of its existing 3.5" export-oriented diskette plant from 1.0 million diskettes per month to 7.0 million diskettes per month. IFC''s participation in the project would help support an upcoming medium-size company becoming a world-scale, low cost efficient producer of diskettes. The Company''s capacity expansion is in line with the Government''s current policy of increasing exports from India.
Environmental Category and Issues
This is a category B project according to IFC''s environmental review procedure. Information provided by the Company indicates that the proposed project is being designed to meet the Government of India pollution control requirements and World Bank guidelines for environment, health and safety. More specifically, Moser Baer has
-2-
confirmed that it will take specific measures to control the impact of: (a) degreasing/cleaning of metal components by installing a water-based degreasing system; (b) isopropyl alcohol used for glue removal from hubs of rejects by setting up a catalyst system to degrade spent isopropyl alcohol; and (c) sanitary, other industrial effluents and solid waste management through the installation of appropriate treatment plants. In addition, it will comply with all occupational health and safety issues including fire protection, employee exposure to noise and chemicals and general safety standards.
The Environmental Review Summary is available from the Public Information Center.
Date SPI sent to PIC: January 19, 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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