Summary of Proposed Investment
Project Number
8275
Company Name
P.T. AdeS Alfindo Putrasetia
Date SPI Disclosed
May 16, 1997
Country
Indonesia
Industry
Agribusiness and Forestry
Status
Completed
Sector
Soft Drink
Department
Regional Industry - MAS Asia & Pac
Environmental Category
B - Limited
Previous Events
Approved : Jun 30, 1997
Signed : Sep 20, 1997
Invested : Dec 4, 1997
Project Description
Summary Of Project Information (SPI)
| Project Name | Indonesia-Ades Water and Beverage Manufacturing |
| Region | Asia |
| Sector |
Projected Board DateJune 19, 1997
Company NameP.T. AdeS Alfindo Putrasetia
Technical Partner and/or Major Shareholders
Ades was established in 1985 by Mr. A. Gunawan, who currently controls 61% of Ades’s shares, while the remaining 39% is held by the public. Since 1993, Ades has also been the exclusive distributor for the French “Evian” bottled water in Indonesia. In 1994, Ades also entered the juice-based beverage market by establishing a joint venture agreement with Quaker Oats (US), for producing and distributing the “Gatorade” beverage products in Indonesia.
Project Cost Including proposed IFC investment
Total project cost is estimated at US$99.8 million; IFC’ proposed investment in Ades consists of an A loan of US$25.0 million, a B loan of US$50.0 million, and an equity or quasi-equity investment of up to an additional US$6.0 million for IFC’s account.
Location of project and Description of site
The Project will be located at Ades’existing 9 facilities and at a new location in Ujung Pandang (in Sulawesi island, East Indonesia).
Description of Company and Purpose of Project
Ades is currently one of Indonesia’s leading domestic producers and distributors of bottled water and soft drinks. The Project is to expand Ades’s existing water and beverage producing facilities in Indonesia. Specifically, the project aims to: (i) increase bottled water making capacity by establishing a new facility in Ujung Pandang (in Sulawesi island, East Indonesia) and by expanding and modernizing the existing facility in Sukabumi (West Java); (ii) establish distilled water production capability in Cibinong (West Java); (iii) establish new production capability for juice and tea based products in West Java and Surabaya; (iv) provide PET packaging capabilities in Medan, Cibinong, Semarang, Surabaya, Denpasar and Ujung Padang; and (v) expand Ades’s distribution network by establishing new warehousing and distribution centers.
Environmental Category and Issues
This is a category B project according to IFC’s environmental review procedure. Environmental, health and safety issues associated with this project include: air emissions, liquid effluents, solid waste, site selection criteria and integrity of the water supply, fire prevention and emergency response, employee exposure to noise, and environmental, health and safety performance of existing operations. Air emissions are negligible from these plants, and liquid process waste is largely wash water which is readily treated on site; there is no discharge from the plant site in most cases. Water supply is from deep wells or springs which are monitored to ensure consistency in water quality. Fire protection systems are being upgraded as part of this project, to meet international standards and World Bank guidelines. The project is being designed to fully comply with all relevant Indonesian laws and regulations and with World Bank policies and guidelines.
The is available from the Public Information Center.
| Date SPI sent to PIC | May 16, 1997 |
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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