Summary of Proposed Investment
Project Number
9412
Company Name
Imprim Color
Date SPI Disclosed
May 20, 1999
Country
Mali
Industry
other
Status
Completed
Sector
Printing/Publishing
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Jun 30, 1999
Signed : Aug 11, 1999
Invested : Oct 22, 2001
Project Description
SUMMARY OF PROJECT INFORMATION (SPI)
Project Name : MALI - IMPRIM COLOR
Region : Sub-Saharan Africa
Sector: Printing and Publishing
Project No: 009412
Projected Board Date: June 21, 1999
Company Name: IMPRIM COLOR
Technical Partner and/ or Major Shareholders:
Mr. Abdoulaye Sylla is the main sponsor of the project. He holds 40% of the company’s shares. The financial partner Mr. Amadou Sinsy Coulibaly holds the remaining shares. Both are Malian nationals and are reputable in the business community. Amadou S. Coulibaly is involved in various businesses especially in communication activities. Since inception, Abdoulaye Sylla has been the managing director of IMPRIM COLOR. He is assisted in the day to day management by Mr. Faustin Sylla, the commercial and production manager, who is in charge of all technical operations.
Project Cost Including proposed IFC investment:
Total project cost is estimated at US$1,150,000 equivalent. IFC has been requested to provide a local currency guarantee of US$434,000 equivalent for a loan with a 6-year term and 18 months grace.
Location of Project and Description of Site:
IMPRIM COLOR is located in cite du Niger, a residential area of Bamako. The project will be implemented on the actual plant location which is built on a 1,000-sq.m land. It involves the construction of a new 500-sq.m building comprising a production unit and administrative offices.
Description of Company and Purpose of Project (include IFC’s role and development impact):
IMPRIM COLOR is a modern printing and publishing company created in 1994. Since inception, the company has managed to become one of the leaders’ of the Malian printing industry. The company enjoys a solid reputation and is particularly known for the quality of its pre-press.
Since 1996, the Malian government has launched a long-term program (PRODEC) designed to improve the country’s literacy rate and has decided to contract the printing and publishing of schoolbooks. Under this policy, IMPRIM COLOR proposes to engage in the production of schoolbooks and to expand its operations by acquiring additional industrial equipment.
By creating facilities for the local printing and publishing of schoolbooks, the project will help reduce imports and consequently improve the trade balance. Furthermore, it will have a positive impact on Mali’s educational system by making schoolbooks available and affordable.
IFC will support the project by providing a loan guarantee and encouraging a local bank to provide funding alongside IFC.
Environmental Category and Issues:
This is a category B project according to IFC''s environmental and social review procedure. Environmental, health and safety issues include site location, water and power supply, storage and handling of chemicals and spill management, waste management, air emissions and occupational health and safety issues including workers exposure to noise and air emissions and fire protection. The sponsor has indicated that there is no fuel storage onsite and that chemicals are kept in a locked room and handled by employees wearing protective gear. Solid waste is either reused or incinerated on site. At IFC’s request, the sponsor has agreed to analyse emissions from the incinerator as well as waste-water prior to their release into the septic tank and to implement corrective actions should either the air emissions or the effluents not conform to IFC’s guidelines. The sponsor has also undertaken to implement a formal procedure for employee’s health and safety, including emergency response.
Based on its review of available information regarding potential environmental impacts and the measures described above, IFC concludes that the proposed project will be in compliance World Bank IFC policies and with World Bank Group environmental, health and safety guidelines in force at the time of appraisal. IFC will monitor ongoing compliance during the life of the project by evaluating monitoring reports submitted annually to IFC by the sponsor and by conducting periodic site reviews during project supervision.
Date SPI sent to PIC: May 20, 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) 473-7711
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).
Project Name : MALI - IMPRIM COLOR
Region : Sub-Saharan Africa
Sector: Printing and Publishing
Project No: 009412
Projected Board Date: June 21, 1999
Company Name: IMPRIM COLOR
Technical Partner and/ or Major Shareholders:
Mr. Abdoulaye Sylla is the main sponsor of the project. He holds 40% of the company’s shares. The financial partner Mr. Amadou Sinsy Coulibaly holds the remaining shares. Both are Malian nationals and are reputable in the business community. Amadou S. Coulibaly is involved in various businesses especially in communication activities. Since inception, Abdoulaye Sylla has been the managing director of IMPRIM COLOR. He is assisted in the day to day management by Mr. Faustin Sylla, the commercial and production manager, who is in charge of all technical operations.
Project Cost Including proposed IFC investment:
Total project cost is estimated at US$1,150,000 equivalent. IFC has been requested to provide a local currency guarantee of US$434,000 equivalent for a loan with a 6-year term and 18 months grace.
Location of Project and Description of Site:
IMPRIM COLOR is located in cite du Niger, a residential area of Bamako. The project will be implemented on the actual plant location which is built on a 1,000-sq.m land. It involves the construction of a new 500-sq.m building comprising a production unit and administrative offices.
Description of Company and Purpose of Project (include IFC’s role and development impact):
IMPRIM COLOR is a modern printing and publishing company created in 1994. Since inception, the company has managed to become one of the leaders’ of the Malian printing industry. The company enjoys a solid reputation and is particularly known for the quality of its pre-press.
Since 1996, the Malian government has launched a long-term program (PRODEC) designed to improve the country’s literacy rate and has decided to contract the printing and publishing of schoolbooks. Under this policy, IMPRIM COLOR proposes to engage in the production of schoolbooks and to expand its operations by acquiring additional industrial equipment.
By creating facilities for the local printing and publishing of schoolbooks, the project will help reduce imports and consequently improve the trade balance. Furthermore, it will have a positive impact on Mali’s educational system by making schoolbooks available and affordable.
IFC will support the project by providing a loan guarantee and encouraging a local bank to provide funding alongside IFC.
Environmental Category and Issues:
This is a category B project according to IFC''s environmental and social review procedure. Environmental, health and safety issues include site location, water and power supply, storage and handling of chemicals and spill management, waste management, air emissions and occupational health and safety issues including workers exposure to noise and air emissions and fire protection. The sponsor has indicated that there is no fuel storage onsite and that chemicals are kept in a locked room and handled by employees wearing protective gear. Solid waste is either reused or incinerated on site. At IFC’s request, the sponsor has agreed to analyse emissions from the incinerator as well as waste-water prior to their release into the septic tank and to implement corrective actions should either the air emissions or the effluents not conform to IFC’s guidelines. The sponsor has also undertaken to implement a formal procedure for employee’s health and safety, including emergency response.
Based on its review of available information regarding potential environmental impacts and the measures described above, IFC concludes that the proposed project will be in compliance World Bank IFC policies and with World Bank Group environmental, health and safety guidelines in force at the time of appraisal. IFC will monitor ongoing compliance during the life of the project by evaluating monitoring reports submitted annually to IFC by the sponsor and by conducting periodic site reviews during project supervision.
Date SPI sent to PIC: May 20, 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) 473-7711
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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