Summary of Proposed Investment
Project Number
8855
Company Name
Lafarge Dujiangyan Cement
Date SPI Disclosed
Mar 26, 1999
Country
China
Industry
Manufacturing
Status
Completed
Sector
Cement
Department
Regional Industry - MAS Asia & Pac
Environmental Category
A - Significant
Previous Events
Approved : May 27, 1999
Signed : Oct 25, 1999
Invested : May 25, 2001
Project Description
Summary Of Project Information (SPI)
| Project Name: | China: Lafarge Dujiangyan Cement Co., Ltd. |
Region:East Asia and Pacific Department
Sector:
Project No:008855
Projected Board Date:May 26, 1999
Company Name:Lafarge Dujiangyan Cement Co., Ltd.
Technical Partner and/or Major Shareholders
The Company is a joint venture between Lafarge China Offshore Holding Co., Ltd. (75%) and Dujiangyan Building Materials Corporation (25%), the local partner. Lafarge S.A. of France will be the technical partner, responsible for the implementation and the operation of the project.
Project Cost Including proposed IFC investment
Total project cost is estimated at $158.8 million. Proposed IFC investment includes an "A Loan" of $25 million and a "B Loan" of up to $22.9 million.
Location of project and Description of site
The project is located in Dujiangyan city, about 55 kilometers northwest of Chengdu, the capital of Sichuan province in southwest China. It has two main sites: the plant and the limestone quarry which is located 5 kilometers from the plant which will be linked to the plant through a belt conveyor.
Description of Company and Purpose of Project
The project plans to construct and operate a greenfield cement plant with a clinker production capacity of 3,200 tons per day and total cement production capacity of 1.24 million tons per annum. The project aims to establish itself as one of the first large scale high grade cement producers in interior China and to serve the growing market for high quality cement in the Chengdu region in Sichuan province where current supply does not meet demand.
Environmental Category and Issues
This is a Category A project according to IFC''s environmental review procedures. The project, located near Dujiangyan City in Sichuan province, People''s Republic of China, includes a 1.24 million ton per year cement plant, a clay quarry located near the plant and a limestone quarry located 4-5 kilometers away on a mountain. A detailed Environmental Impact Assessment has been prepared together with an Environmental Management Plan, a Resettlement Action Plan, and a Public Consultation and Disclosure Plan. An Executive Summary, compiling main findings from the assessment and the plans has also been prepared. IFC has reviewed these documents and has, based on this review and a field appraisal, found the project to comply with both the local regulations and the relevant World Bank/IFC Policies and Guidelines for this kind of operation. All the above documents were released to the IFC Info-Shop on March 26, 1999.
The are from the InfoShop.
| Host country location of environmental documents | IFC China Resident Mission Office in Beijing; Dujiangyan Library |
Date SPI sent to InfoShop:March 26, 1999
“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) 473-3800
Fax: (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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