Pasabahce-Schott Zwiesel

completed

Summary Of Project Information (SPI)Project NameTurkey-Pasabahce-Schott ZwieselRegionEuropeSectorProject No008900Projected Board DateApril 30, 1998Company NamePasabahce-Schott ZwieselTechnical Partner and/or Major Shareholders The majority shareholders on a 50:50 basis are Pasabahce A.S. from Turkey and Schott Zwiesel from Germany.Project Cost Including proposed IFC investment Total project cost is about DM 114 million. IFC''s proposed investment is a loan of up to DM 30 million for its own account and up to DM 30 million for the account of participant banks.Location of project and Description of site The project will be located in an industrial site near Eskisehir, about 200 kilometers from Istanbul.Description of Company and Purpose of Project The Pasabahce-Schott Zwiesel joint venture is a greenfield project which will consist of a plant with a total furnace capacity of 36,000 net tons/year and 114 million glassware pieces per year. The project will exclusively serve the hotel-restaurant-catering (Horeca) business outside of Turkey and all of earnings will be from exports. The Company will employ 470 people, including 246 workers.     Environmental Category and Issues This is a category B project according to IFC’s environmental review procedure. The environmental issues associated with this project include: air emissions, treatment of process and domestic wastewaters, and solid waste disposal. Health and safety issues include fire prevention and protection, emergency response and employee exposure to noise, dust and chemical substances. The sponsors will install air pollution controls in all emission points, wastewater and discharges will be treated, and adequate health and safety measures will be implemented. Based on its review, IFC concludes that the project will be designed to meet World Bank guidelines.      The is expected to be available on March 31, 1998 from the Public Information Center.Date SPI sent to PIC March 30, 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\Div Disk@EXTIN@worldbank\FRMIFC\trs08900.docMarch 30, 1998 5:12 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).