Quimpac, S.A.

inactive

Quimpac, S.A. ("Quimpac" or the "Company") has three lines of business: a) the production of chemicals such as caustic soda, sodium hypochlorite, liquid chlorine, hydrochloric acid, and dicalcium phosphate via salt electrolysis; b) production of salt for domestic and industrial consumption, as well as melting salt; and c) production of writing paper and sanitary tissue, using bagasse derived from the processing of sugarcane as the principal input. In this way, Quimpac has consolidated three business units within a single company and is the sole integrated producer of salt, chemicals, and paper rolls in Peru. This, in turn, has made the company one of the five major producers of chlorine and soda in South America and the leading producer of paper rolls in Peru.The project involves a series of investments in infrastructure, machinery, and equipment to replace outdated assets, reduce production costs, improve environmental conditions, and make better use of the installed capacity (the "Project"). The Project includes forty-five distinct subprojects or investments in the three areas of business at the plants located in Oquendo (Callao) and Paramonga, as well as at the saltworks and refinery in Huacho and the saltworks in Otuma. The total cost of the project is nearly US$26.9 million, of which the IIC will provide US$10 million in the form of a long-term loan.