Summary of Proposed Investment
Project Number
7999
Company Name
Plantation Timber Products (Leshan) Limited
Date SPI Disclosed
May 5, 1997
Country
China
Industry
Agribusiness and Forestry
Status
Completed
Sector
Wood Panels and Engineered Wood Products
Department
Regional Industry - MAS Asia & Pac
Environmental Category
B - Limited
Previous Events
Approved : Jun 10, 1997
Signed : Jan 8, 1998
Invested : Mar 11, 1998
Project Description
Summary Of Project Information (SPI)
| Project Name | China: Plantation Timber Products Leshan - Expansion |
| Region | Asia |
| Sector |
Projected Board DateJune 5, 1997
Company NamePlantation Timber Products (Leshan) Limited (“PTP Leshan”).
Technical Partner and/or Major Shareholders
Plantation Timber Products Group Limited and Chuannan Forestry Bureau Company
Project Cost Including proposed IFC investment
US$9.1 million, of which IFC’s investment will be approximately US$4.2 million.
Location of project and Description of site
The proposed expansion project will be housed next to the main Medium Density Fiberboard (MDF) plant, which is located in Fulong Industrial Park of Leshan Economic Development Zone, Leshan City, Sichuan Province.
Description of Company and Purpose of Project
PTP Leshan has recently been implemented using financing provided by IFC (IFC investment No. 4486). The project is to produce MDF downstream products, including laminated panels for furniture and interior constructions, wood-grained flooring panels, and doorskins for door-making. Total capacity of processed panels is about 3 million square meters. IFC will provide long term financing and technical and financial advice. Serving China’s fast growing demand for MDF panels, the expansion project will benefit the local economy by bringing in advanced technology, equipment, and professional management to an interior region.
Environmental Category and Issues
Category B: Key environment issues include air emissions from boilers and wood processing operations, process wastewater treatment and discharge to municipal sewage system, management of solid wastes and boiler fuel, storage and handling or urea formaldehyde glue in separate contained areas and other chemical storage and handling, employee health and safety, including emergency response and fire safety and equipment. The sponsor has presented plans to address these issues and to demonstrate that the proposed project will comply with applicable Chinese laws and regulations and World Bank requirements. These include: limitation of emissions of chemical vapors during the lamination process through fully enclosed and separately ventilated facilities; on-site pre-treatment of wastewaters; storage of urea and melamine resin in separate, contained areas; and preventative and protective measures to promote workplace air quality, noise reduction, and general worker health and safety.
The is from the Public Information Center.
| Date SPI sent to PIC | May 5, 1997 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
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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