Grupo Calidra, S.A. de C.V.

completed

Summary Of Project Information (SPI)Project NameMEXICO - Grupo Calidra, S.A. de C.V.     RegionLatin America and the CaribbeanSectorProject No008437Projected Board DateDecember 1, 1997Company NameGrupo Calidra, S.A. de C.V.Technical Partner and/or Major Shareholders The Riefkohl family.Project Cost Including proposed IFC investment The total project cost is estimated at US$43.0 million. The proposed IFC investment would total US$28 million and would consist of (i) a US$12 million A loan and a US$6 million equity subscription both for IFC’s own account and (ii) a US$10 million B loan for account of participant banks. Location of project and Description of site Mexico. Project sites include various locations in different parts of Mexico. The greenfield facility will be located in Puebla.Description of Company and Purpose of Project The Company is the largest lime producer in Mexico. Lime is used extensively in the construction industry, in steel manufacturing, and in numerous other chemical and industrial applications. The purpose of the project is to assist the Company in the financing of: (i) the modernization and expansion of its existing facilities; and (ii) the construction of a greenfield lime plant. Environmental Category and Issues Environmental Unit has ranked this project a category “B” project. Environmental upgrades are underway at several of the Company’s plants. These activities and other commitments by Calidra will bring the existing operations into compliance with World Bank guidelines. The new plant in Puebla will be designed to meet the World Bank guidelines.      The is October 31, 1997 from the Public Information Center.Date SPI sent to PIC      October 23, 1997For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365Environmental 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).