Summary of Proposed Investment
Project Number
7111
Company Name
HAI PHONG SANMIGUEL YAMAMURA GLASS CO. LTD
Date SPI Disclosed
Feb 29, 1996
Country
Viet Nam
Industry
Manufacturing
Status
Completed
Sector
Glass and Glass Products (Including Glass and Mineral Wool)
Department
Regional Industry - MAS Asia & Pac
Environmental Category
B - Limited
Previous Events
Approved : Mar 29, 1996
Signed : Oct 29, 1996
Invested : Dec 23, 1997
Project Description
REVISED Summary of Project Information (SPI)
Project Name Vietnam - San Miguel Haiphong Glass
Region Asia
Sector Manufacturing
Project No 007111
Projected Board Date January 30, 1996
Company Name San Miguel Haiphong Glass Company Limited
Technical Partner and/or Major Shareholders
San Miguel Glass (Viet Nam) Ltd., a subsidiary of the San Miguel Corporation, which is a company registered and publicly-traded in the Philippines, is the 65% owner of the project company, a joint venture, and will provide the management. Haiphong Glass Company, a Vietnamese state-owned enterprise, owns the remaining 35%.
Project Cost Including proposed IFC investment
US$32 million, of which US$14.5 million is expected to be provided by IFC as a senior loan.
Location of project and Description of site
Haiphong, Viet Nam. The factory will be located on a 3.5 ha site near the port of Haiphong. Sand and other raw materials can be brought to the factory by shallow-draft barges unloaded about 100
meters from the actual factory site. IFC carried out an advisory assignment and provided the Project''s Sponsors with a second opinion on the Project''s approach, proposed technology and viability. IFC also
advised on the Project''s financial structure and funding sources.
Description of Company and Purpose of Project
A new glass bottle manufacturing plant to be located in Haiphong, the principal port serving Hanoi and the northern part of Vietnam. The Project will consist of a modern glass bottlemaking facility having an annual capacity of about 36000 tons. The Project''s customers will be bottlers supplying the fast-growing consumer market for beverages, bottled foods and pharmaceuticals in Viet Nam.
Environmental Category and Issues
This is an environmental review category B project; principal issues are air emissions, liquid effluents, fire preventions, and employee exposure to noise and dust. The sponsor is designing the plant to comply with the relevant World Bank policies and guidelines. Air emissions and air quality guidlines will be met by using appropriate stack height and control devices, while the discharge of oil and grease will be controlled by the use of oil separators and absorbing fabric. Fire protection measures will be instituted in conjunction with plant start-up. Employees will be provided with personal protective equipment
to protect them from exposure to noise and dust.
The Environmental Review Summary is available from the Public Information Center.
Host country location of environmental documentsSan Miguel Haiphong
Glass, Haiphong, Viet Nam
Date SPI sent to PIC December 13, 1995
Revised February 29, 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
Related ESRS/ERS
