Summary of Proposed Investment
Project Number
7731
Company Name
BUNGE ARGENTINA S.A.
Date SPI Disclosed
Nov 7, 1996
Country
Argentina
Industry
Agribusiness and Forestry
Status
Completed
Sector
Vegetable Fats and Oils
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Dec 26, 1996
Signed : Apr 11, 1997
Invested : Aug 18, 1997
Project Description
Summary Of Project Information (SPI)
| Project Name | Argentina - Guipeba |
RegionLatin America and Caribbean
Sector
Project No007731
Projected Board DateDecember 7, 1996
Company NameGuipeba - Ceval S.A.
Technical Partner and/or Major Shareholders
Guipeba is a wholly-owned subsidiary of Ceval Alimentos S.A., a Brazilian food and agribusiness company with operations in the soybean crushing, oil refining and meat processing sectors.
Project Cost Including proposed IFC investment
Project Cost: US$47.5 million, including interest expenses during construction. Proposed IFC investment: US$20 million, including a US$5 million income participating loan. Proposed syndication: US$20 million for the account of participating banks.
Location of project and Description of site
Production facilities to be modernized, expanded or built are located in the provinces of Córdoba, Santa Fé and Salta.
Description of Company and Purpose of Project
Guipeba is a medium-sized Argentine oilseed crushing company. Its facilities include two crushing plants, a refinery, and several storage units in the provinces of Córdoba, Santa Fé, Salta and Tucumán. In addtition, Guipeba has equity stakes in Terminal 6, a grain and oilseed meal port on the Paraná river near Rosario, and Guide, an oil shipping river port. The 1996-98 Project includes: (i) construction of a 2,000 tpd soybean crushing plant; (ii) expansion of the Company’s oilseed storage capacity by approximately 400,000 tons; (iii) modernization of existing oilseed crushing facilities; (iv) construction of a 12,000 units per hour bottling facility. The Project will improve Guipeba’s production efficiencies, improve its international competitiveness, expand its capacity to produce value-added goods and allow the Company to capitalize on Argentina’s efficiency as a producer of oilseed by-products in view of expanding worldwide demand for these commodities. The project has a significant developmental impact in rural areas of the provinces of Córdoba, Santa Fé, Tucumán and Salta. It will provide direct benefits to farmers in the form of further efficiencies in logistics and storage infrastructure that will translate into lower costs for the farmers. The project will also represent a significant increase in export receipts contributing to the country’s balance of payments.
Environmental Category and Issues
This is an environmental review category B project. Environmental, health and safety issues include land use, air emissions, liquid effluent treatment and discharge, solid waste disposal, fire and dust explosion prevention, employee exposure to noise and dust, and general employee health and safety. Environmental reports submitted by Guipeba indicate that the project will comply with World Bank guidelines.
The is from the Public Information Center.
| Date SPI sent to PIC | November 7, 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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