Summary of Proposed Investment
Project Number
8405
Company Name
MOSER BAER INDIA LIMITED
Date SPI Disclosed
Apr 21, 1998
Country
India
Industry
Manufacturing
Status
Completed
Sector
Computer & Electronic Products(Computers & Peripherals, Communications Equip., Elec. Watches & Similar Elec. Products. Integrated Circuits & the application of Miniturization Technologies characterize this sector.)
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : May 11, 1999
Signed : May 28, 1999
Invested : Jun 8, 1999
Project Description
Summary Of Project Information (SPI)
| Project Name | India : Moser Baer India Limited |
| Region | Asia |
Sector
Project No008405
Projected Board DateJune 15, 1998
Company NameMoser Baer India Limited
Technical Partner and/or Major Shareholders
The main Shareholders are the Delhi-based Puri family, who are also engaged in software development and marketing and distribution of other computer related products. The Company has a comprehensive technical and marketing arrangement with EMTEC Magnetics, Germany (formerly BASF Magnetics).
Project Cost Including proposed IFC investment
Total project cost is estimated at US$53.0 million. IFC’s financing comprises an investment of US$15.0 million in A loan, and upto US$1.5 million in equity (convertible).
Location of project and Description of site
The project is located in the state of Uttar Pradesh, in an industrial zone located at NOIDA (New Okhla Industrial Development Authority) Phase II. This site is approximately 20 kms. from New Delhi and less than 2 kms. from the Company’s existing manufacturing facility.
Description of Company and Purpose of Project
The Company is an existing leading producer of all types of computer diskettes in India. The project will be to set up an export oriented unit (EOU) to manufacture compact disk recordables (CD-R’s). The project will comprise of 12 lines with an annual capacity of 32.7 million CD-R’s. IFC’s participation in the project would assist the Company in becoming a world-scale, low cost producer of data storage products. The Company’s capacity expansion is in line with the Government’s current policy of increasing exports from India.
Environmental Category and Issues
This is a category B project according to IFC’s environmental review procedure. Environmental, occupational health and safety issues associated with this project include: site location and acquisition; environmental performance of MBIL’s existing operations; air emissions; solid and liquid waste management; chemical and fuel materials handling and storage; fire prevention and emergency response; and workplace health and safety (including employee training). The impact of these would be controlled due to (i) the site, contained within an existing industrial zone, is currently unoccupied and there is no need to resettle any people; (ii) existing operations conform with both World Bank and local regulatory authority guidelines; (iii) DG sets will run on low sulphur content fuel oil and hence the level of air emissions will be well within World Bank guidelines; (iv) an on-site biological waste treatment plant and a batch treatment using a chemical oxidation process is being planned for solid and liquid waste management;(v) suitable storage facilities (such as above ground tanks with secondary containment for diesel fuel) will be provided for various chemicals and fuel materials; (vi) suitable fire protection measures have been planned (e.g. installation of fire hydrants, fire detection and alarm systems and conducting regular fire drills); and (vii) the Company would ensure a “clean room” working environment and also conduct training in issues relating to worker health and safety.
The is available from the Public Information Center.
| Date SPI sent to PIC | April 21, 1998 |
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
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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