MAPLE LEAF CEMENT FACTORY LIMITED

completed

Summary Of Project Information (SPI)Project NameISLAMIC REPUBLIC OF PAKISTAN: Maple Leaf Cement Factory Ltd. Risk Management FacilityRegionCentral AsiaSectorProject No.003858Projected Board DateJune 15, 1995Company NameMaple Leaf Cement Factory Ltd.Technical Partner and/or Major Shareholders % The Saigol/Kohinoor Textile Group 40.2 Sponsor F.L. Smidth of Denmarks 5.4 Techn. Partner IFC 5.5 Other Foreign and Local Shareholders 48.9Project Cost Including proposed IFC investment US$ 8 millionLocation of project and Description of site Project is a Risk Management Facility for Maple Leaf Cement Factory Ltd. which is itself located in Lahore, Pakistan, with production facilities at Daudkhel, in the district of Punjab.Description of Company and Purpose of Project The Company is engaged in the production of cement for the local market. The Project is to create a 3-year Risk Management Facility to enable the Company to hedge itself against the foreign exchange risk arising from an equipment supply contract payable in Danish Kroners, while the Company’s financing is in US Dollars.Environmental Category and Issues The project is in the “C” category and as such does not require further environmental evaluation.Date SPI sent to PIC May 30, 1995For 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).