SEF Pharmacare Ltd.

completed

Summary Of Project Information (SPI)Project NameWEST BANK & GAZA: Pharmacare     RegionCentral Asia, Middle East and North AfricaSectorProject No008335Projected Board DateJune 9, 1997Company NamePharmacare Ltd.Technical Partner and/or Major Shareholders Pharmacare Ltd. is a public shareholding company with 500,000 issued stocks and 650 shareholders. The majority shareholders are the Khoury family (28%), who are the founders of the company.Project Cost Including proposed IFC investment A Loan of US$0.5 million. The total project cost is US$3.35 million.Location of project and Description of site The pharmaceuticals factory is in the West Bank city of Ramallah.Description of Company and Purpose of Project The aim of the investment is to help upgrade and expand the production capacity of the factory. The expansion would allow the Company to operate with better efficiency, improved quality according to Good Manufacturing Practice (GMP) standards, and ultimately to increase its sales in the local and export markets.Environmental Category and Issues This is an environmental review category B project. Environmental, occupational health and safety issues associated with this project include: air emissions and liquid effluent treatment; adequacy and quality of water supply; solid and hazardous waste handling and disposal; potential site contamination from present or past uses; fire prevention and emergency response; and workplace air quality, noise and safety. The sponsor will operate the facility in compliance with all World Bank environmental health and safety guidelines.The is from the Public Information Center.     Date SPI sent to PIC May 9, 1997For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 974-4384Environmental 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).