Jingyang Cement Co. Ltd.

completed

l:\casd1\addison\jyspi2 REVISED SUMMARY OF PROJECT INFORMATION (SPI)Project Name China-Jingyang Cement Company Ltd.Region AsiaSector ManufacturingProject No. 004955Projected Board Date November 15, 1995Company Name Jingyang Cement Company Ltd.Technical Partner and/or Major Shareholders The owner of the project company is Jingyang Industrial Ltd., incorporated in Hong Kong and presently owned by Sincem Holdings Pte. Ltd. (95%) and ECCO International (5%). Project Cost About US$ 265 million.IFC financing being considered: US$ 40 million in “A” Loan; US$15 million in “B” Loan; US$85 million in “C” Loan; and US$5 million in Income Participating Notes. Location of Projectand Description of Site Jurong, Jiangsu Province, China. The project is located adjacent to the Yang Tse River, giving it access through waterways to coastal China. The project site is mainly a greenfield, 48 km from Nanjing.Description of Company and Purpose of Project The project company, Jingyang Cement Company Ltd. is a 100% foreign owned limited liability company incorporated in China. This project will have a 5,000 ton per day clinker for the production of high quality cement to supply China''s rapidly growing demand.Environment Categoryand Issues This is an environmental review category B project; principal issues are air emissions liquid effluents, spill prevention, protection of water resources, quarry reclamation, fire protection, land use impacts and employee protection from noise and dust. Resettlement was determined to be minimal; two families will need to be relocated. The sponsors have prepared an EA for the project which confirms compliance with host country and World Bank policies and environmental guidelines. IFC Technical and Environmental staff have reviewed the project site and will monitor project performance during construction and operation. The Environment Review Summary is available from the Public Information Center.Date SPI sent to PIC October 27, 1995For Additonal Information contact: Corporate Relations Unit - Telephone: (202) 473-7711 Facsmile: (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).