Summary of Proposed Investment
Project Number
8240
Company Name
ARAB CONCRETE PRODUCTS COMPANY CO. LTD
Date SPI Disclosed
May 8, 1997
Country
West Bank and Gaza
Industry
Manufacturing
Status
Completed
Sector
Concrete Pipes and Blocks
Department
Regional Industry MAS MCT
Environmental Category
B - Limited
Previous Events
Approved : Jun 30, 1997
Signed : May 4, 1998
Invested : Jul 23, 1999
Project Description
Summary Of Project Information (SPI)
| Project Name | West Bank & Gaza: Arab Concrete Products Company |
| Region | Middle East |
| Sector |
Projected Board DateJune 10, 1997
Company NameArab Concrete Products Company
Technical Partner and/or Major Shareholders
Arab Concrete is a public shareholding company with 350,000 outstanding shares owned by 80 shareholders, most of whom are local investors.
Project Cost Including proposed IFC investment
Total project cost is estimated at US$1.57 million. IFC’s participation is US$0.7 million A loan.
Location of project and Description of site
The project is located in the city of Nablus, West Bank.
Description of Company and Purpose of Project
Arab Concrete Products is the largest producer of ready-mix concrete in Nablus, where it operates two plants and ten delivery trucks, and has a combined production capacity of about 110,000 m3/year. The aim of the investment is to help finance the purchase of additional delivery equipment - mainly trucks - to enable the company to fully utilize its production capacity.
Environmental Category and Issues
This proposed project is classified as a category B project according to IFC’s environmental review procedure. Environmental issues which were examined included air emissions, liquid effluent treatment, potential site contamination from past uses, work place air quality, noise and safety. The sponsor will ensure that the project is implemented in compliance with all applicable local and World Bank environmental, health and safety guidelines
The is May 15, 1997 from the Public Information Center.
| Date SPI sent to PIC | May 8, 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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