Summary of Proposed Investment
Project Number
7552
Company Name
Grupo Minsa, S.A.B. de C.V.
Date SPI Disclosed
Jul 29, 1996
Country
Mexico
Industry
Agribusiness and Forestry
Status
Completed
Sector
Grain Processing (Milling, Starch, Flour, Malt)
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Oct 28, 1996
Signed : Nov 25, 1996
Invested : Dec 6, 1996
Project Description
Summary Of Project Information (SPI)
| Project Name | Mexico-Grupo Minsa, S.A. de C.V. |
| Region | Latin America |
| Sector |
Projected Board DateSeptember 13, 1996
Company NameGrupo Minsa, S.A. de C.V.
Technical Partner and/or Major Shareholders
Grupo G, controlled by the Gomez-Flores family.
Project Cost Including proposed IFC investment
US$80.0 million. IFC investment $20 million ‘A’ Loan for its own account; $30 million ’B’ Loan; and $10 million in equity.
Location of project and Description of site
Mexico. Project sites include various locations in different parts of Mexico.
Description of Company and Purpose of Project
The project entails the financing of (i) the expansion of Minsa’s production facilities in Mexico; (ii) an increase in the Company’s working capital; and (iii) the retailoring of a portion of the short-term debt. The company produces, markets and distributes prepackaged corn flour, which is used primarily in the production of tortillas. The purpose of the project is to assist the Company in financing the modernization and expansion of its production and distribution facilities.
Environmental Category and Issues
Environmental Unit has ranked this project a category B project. The increased use of the Company’s corn flour made possible by the project would provide ancillary environmental benefits since tortillas made with corn flour result in reduced amounts of pollution compared to the traditional production method.
The is from the Public Information Center.
| Date SPI sent to PIC | July 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
