Summary of Proposed Investment
Project Number
7395
Company Name
Notacam S.A.
Date SPI Disclosed
Mar 18, 1996
Country
Cameroon
Industry
Manufacturing
Status
Completed
Sector
Shoes and Leather Products
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Jun 17, 1996
Signed : Oct 4, 1996
Invested : Dec 5, 1996
Project Description
Summary Of Project Information (SPI)
| Project Name | Cameroon-Nouvelle Tannerie du Cameroun (NOTACAM) |
| Region | Sub-Saharan Africa |
| Sector |
Projected Board DateApril 16, 1996
Company NameTannerie Nouvele du Cameroun
Technical Partner and/or Major Shareholders
Mr. Youssoufa Siddiki and his family with 85% of the Company’s shares.
Project Cost Including proposed IFC investment
Total project cost is estimated at US$2,300,000 equivalent and IFC has been asked to provide a loan of US$720,000.
Location of project and Description of site
The project is located on a 2 hectare plot in the industrial zone of Maroua in the Far-Northern Province of Cameroon. Administrative offices and plant equipment are housed in one building with different partitions.
Description of Company and Purpose of Project
The Company is the only operating tannery in Cameroon. It has existed since 1987. Its current operations consist of: (i) exporting about 200,000 raw hides p.a.; and (ii) processing about 1.3 million goat and sheep skins p.a. into wet-blue for export. The project would increase production from 6 to 14 million square feet (sqft) of goat and sheep wet-blue p.a., to be upgraded to crust; it would also increase from 2 million sqft of hides (exported up to now in a raw form) to 3 million sqft (of hides) to be processed into wet-blue for export. PROJECT’S DEVELOPMENTAL EFFECTS The project will help generate 50 new jobs and make good use of an unexploited natural resource. It will also contribute towards diversifying the region’s economy away from the traditional production of the area’s main cash crop, cotton and related activities, mainly cotton oil extraction. The project would also help earn foreign exchange because of its export-oriented activities. IFC’S ROLE IFC is providing much needed term-financing, which local banks are usually ill-equipped to provide. Due to the catalytic effect of IFC’s presence, Societe Commerciale de Banque-Credit Lyonnais Cameroun (SCB-CLC), a local bank, has however, agreed to participate in the financing of NOTACAM’s extension. The IFC Consultant helped improve the design of the new wing to be constructed (in which the crust leather would be produced); he also advised to modify present tanning procedures to allow complete penetration of chrome into wet skins.
Environmental Category and Issues
This is a category B project. Key environmental issues involve liquid effluent treatment and disposal, chrome recovery, solid waste disposal, water supply, provision of personal protective equipment, fire safety measures, employee training and employee general safety. The sponsor has submitted a plan detailing waste disposal and treatment methods, and general safety issues.
The is March 20, 1996 from the Public Information Center.
| Date SPI sent to PIC | March 18, 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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