Summary of Proposed Investment
Project Number
8311
Company Name
RADFAN FOR MANUFACTURING CERAMIC AND PORCELAIN CO LTD
Date SPI Disclosed
Oct 2, 1997
Country
Yemen, Republic of
Industry
Manufacturing
Status
Completed
Sector
Glazed Ceramic Tiles
Department
Regional Industry MAS MCT
Environmental Category
B - Limited
Previous Events
Approved : Nov 14, 1997
Signed : Feb 15, 1998
Invested : May 21, 1998
Project Description
Summary Of Project Information (SPI)
| Project Name | Republic of Yemen-Radfan Ceramic Tile Manufacturing |
| Region | Central Asia, Middle East and North Africa |
| Sector |
Projected Board DateJuly 1997
Company NameRadfan for Manufacturing Ceramic & Porcelain Co. Ltd.
Technical Partner and/or Major Shareholders
The Company’s major shareholders are five brothers of the Al Sawary family ---, Hussein Mohamed Al Sawary (Chairman), Ali Mohamed Al Sawary (General Manager), Ghalib Mohamed Al Sawary (Deputy General Manager and Relations Manager), Adel Mohamed Al Sawary (Sales Manager) and Ibrahim Mohamed Al Sawary (Manager) --- own and manage the Company.
Project Cost Including proposed IFC investment
The total cost of the project is estimated to be US$7 million. The Sponsors are expected to contribute US$2 million as equity. IFC A loan will be about US$2.5 million. IFC has started to solicit interest for B-Loan or co-financing from several financial institutions e.g. FMO, DEG and SITI.
Location of project and Description of site
The manufacturing plant is located just outside of Sana’a, in the village of Matnah Bani Matar, about 25 km away, carries out the glazing operation. Current production is 360,000 sq.m per year against a capacity of about 1 million sq.m.
Description of Company and Purpose of Project
The objective of this project is to establish a first facility in the raw materials -- i.e., clay, sand, limestone and feldspar. The project will reduce the Company’s total average ex-factory price from US$5.64 m2 to around US$3.60 m2, a competitive price by the international standards.
Environmental Category and Issues
This is a Category B Project, according to IFC’s environmental review procedure. The following potential environmental safety and health impacts of the project were analyzed: air emissions and dust control; solid and liquid waste management; storage and handling of glazing and pigment materials; and general employee health and safety. The sponsor has presented plans to address these issues and has demonstrated that the proposed project will comply with applicable World Bank requirements. The primary source of air emissions associated with the project will be dust generated during tile manufacturing operations and quarrying operations. Dust collectors will be erected at the new production facilities to control particulate emissions generated during the process. Dust collectors also will be installed to clean the exhaust gases of the kiln. Wastes generated during the manufacturing process are either recycled back to the process or reused as construction aggregate. Production areas are ventilated and appropriate safety equipment is provided by the employer. Necessary personnel protective equipment will be provided to and procedures followed by those employees working in particularly dusty, noisy and high temperature areas. All employees will be trained in the safe operation of equipment and proper responses for foreseeable emergency operations. IFC will monitor ongoing compliance with World Bank environmental, health and safety policies and guidelines during the lifetime of the project by evaluating reports submitted annually to IFC by Radfan and by conducting periodic site reviews during project supervision.
The is from the Public Information Center.
| Date SPI sent to PIC | May 15, 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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