Summary of Proposed Investment
Project Number
7595
Company Name
ALEXANDRIA CARBON BLACK CO. SAE
Date SPI Disclosed
May 10, 1996
Country
Egypt, Arab Republic of
Industry
Manufacturing
Status
Completed
Sector
Carbon Black
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Aug 5, 1996
Signed : Aug 30, 1996
Invested : Aug 30, 1996
Project Description
Summary Of Project Information (SPI)
| Project Name | EGYPT-Alexandria Carbon Black Company SAE (ACB) |
| Region | Middle East/North Africa |
| Sector |
Projected Board DateJune 18, 1996
Company NameAlexandria Carbon Black Company SAE
Technical Partner and/or Major Shareholders
ACB is 51% owned by the Aditya Birla Group, through Grasim Industries of India, a leading industrial company engaged in production of synthetic fibers, textiles, cement, and various chemicals, and Indo-Bharat Rayon of Indonesia, a textile company. The Birla Group operates carbon black plants in Thailand, India and Egypt. The Egyptian partners in ACB include the two local tire manufacturers, and the technical partner is Continental Carbon Corporation, a major US based carbon black producer.
Project Cost Including proposed IFC investment
The estimated cost of the expansion is US$41 million. IFC is considering a loan of US$5 million and an equity investment of US$1.5 million.
Location of project and Description of site
ACB''s carbon black plant is located in the new Amereya Industrial Zone, 35 kms. Southwest of Alexandria, easily accessible from the main Cairo-Alexandria desert road.
Description of Company and Purpose of Project
The Project is an expansion of ACB’s existing carbon black plant to increase capacity by 33,000 mtpy. IFC helped bring the first project to fruition, which was based upon using locally available raw materials to produce carbon black for supply to the Egyptian tire industry. With this initial grass roots development completed and ACB establishing itself as a reliable producer of good quality product, the expansion project is geared at increasing its penetration of the export market where favorable opportunities exist.
Environmental Category and Issues
This is a category B project according to IFC’s environmental procedure. Environmental and occupational health and safety issues associated with the Project include air emissions, solid waste management and liquid effluent treatment and discharge. Occupational health and safety issues include exposure to dust, fire safety and explosion prevention, and general employee health and safety. The Company will prepare an environmental assessment which will be provided to IFC for review.
The is May 13, 1996 from the Public Information Center.
| Date SPI sent to PIC | May 10, 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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