Summary of Proposed Investment
Project Number
9839
Company Name
Ladoto Ginners Limited
Date SPI Disclosed
Aug 25, 1999
Country
Uganda
Industry
Agribusiness and Forestry
Status
Completed
Sector
Natural Fibers (Cotton, Sisal, Jute, etc.)
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Sep 24, 1999
Signed : Jan 14, 2000
Invested : Aug 22, 2000
Project Description
Summary Of Project Information (SPI)
Project Name Uganda - Ladoto Ginners Limited
Region Sub-Saharan Africa
Sector Food and Agribusiness
Project No 009839
Projected Board Date October 30, 1999
Company Name Ladoto Ginners Limited
Technical Partner and/or Major Shareholders
Ladoto Ginners Limited is owned by Ramesh Khagram and his family. Management will be in the hands of individual experts with experience in their respective fields.
Project Cost Including proposed IFC investment:
Total project Cost: $2.1 Million. IFC Investment: an A loan of $800,000.
Location of project and Description of site
Ladato Trading Centre, Pallisa District, Eastern Uganda. The site is relatively flat and fronts Lwere River.
Description of Company and Purpose of Project
The project involves rehabilitation and upgrading of an existing cotton ginnery. The ginnery was mismanaged by the previous owners (Cooperative Union) and was shut down in the early 1980s. It was brought by the sponsors in 1997 and is now undergoing renovation. The project is located in a major cotton-growing region and will take advantage of limited ginning capacity. IFC will provide a foreign currency loan and technical assistance in machinery selection and layout.
Environmental Category and Issues
This is an environmental and social review category B project. Issues reviewed included:
- impacts from past operations;
- source of water and power;
- air emissions;
- treatment and disposal of process effluent and sewage;
- ambient dust emissions;
- employee exposure to dust, heat and noise;
- provision of personal protective equipment;
- health and safety training for employees;
- fire safety and emergency response; and
- hygiene and housekeeping practices.
The project involves rehabilitation and upgrading of an existing cotton ginnery, and does not include the growing of cotton or processing of seed. Plant operations will generate minimal solid waste and air emissions. Dust generated as part of the ginning process will be captured in a dust chamber. Cotton seed will be either retained for replanting purposes or sold to local oil mills. Employees will be provided with appropriate personal safety equipment and all machinery is equipped with guard rails and shields and is fully automated. Training will be provided to all workers by the Cotton Development Organization on general safety and fire safety.
The Environmental Review Summary is expected to be available from the InfoShop by 08/31/99.
Host country location of District Councilor’s office in Pallisa environmental documents Town.
Date SPI sent to PIC: August 25, 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
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
Related ESRS/ERS
