AEF Pallson Consumer Industries Limited II

completed

Summary of Project Information (SPI)Project Name Tanzania-Pallsons Consumer Industries IIRegion Sub-Saharan AfricaSector Food and AgribusinessProject No 008771Projected Board Date August 30, 1998Company Name Pallsons Consumer Industries Ltd. IITechnical Partner and/or Major ShareholdersThe sponsors are Mr. Amritpal Aggarwal and his three sons who own 100% of the company. The Aggarwals are successful businessmen and have successfully operated the sunflower crushing plant for over eighteen months.Project Cost including IFC InvestmentProject Cost    US $1.2 millionIFC Loan            US $450,000Location of Project and Description of SiteThe project is located in Arusha.Description of Company and Purpose of ProjectThe project debottlenecks and expands the capacity of an existing sunflower oil crushing plant by adding an expeller and other ancillary equipment. Environmental Category and IssuesThis is an environmental review category B project.  Key environmental health and safety issues associated with this project include waste disposal, boiler emissions, fuel storage, employee safety and fire protection. The sponsor is implementing the following mitigation measures:  the plant boiler, which was tested by the Ministry of Labour, complies with World Bank guidelines; liquid wastes will be disposed of in a septic tank; solid wastes will be used as animal feed; fuel storage is provided with secondary containment; fire safety and occupational health and safety programs have been established; and employees have been trained in safety rules and use of PPE. The Environmental Review Summary was sent to the PIC on April 10, 1998. Date SPI sent to PIC May 1, 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) 473-7711facsimile: (202) 974-4384.\\StreetTalk\Shared Data@CAFNET@IFC\CAF\AEF\TAN\PallsonsconsumerindustriesII-SPI.docApril 30, 1998 6:11 PMEnvironmental 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).