Soktas Pamuk ve Tarim Urunlerini Degerlendirme Ticaret ve Sanayi A.S.

completed

Summary Of Project Information (SPI)Project NameTurkey-Soktas     RegionEuropeSectorProject No008372Projected Board DateNovember 30, 1997Company NameSoktas Pamuk ve Tarim Urunlerini Ticaret ve Sanayii A.S.Technical Partner and/or Major Shareholders None.Project Cost Including proposed IFC investment US$33.0 million including an IFC senior loan of up to US$13 million.Location of project and Description of site The project will be at the Company’s existing facilities in Soke, 120 km south-east of Izmir, Turkey’s largest seaport. Soke is a town located in a primarily agricultural area and has good transportation and communication facilities. Description of Company and Purpose of Project Soktas, one of Turkey’s leading manufacturers in the shirting business, has proposed an expansion and modernization project. The project would increase the Company’s total fabric capacity by 5 million meters up to 22.2 million meters by increasing its yarn-dyed shirting fabric capacity from about 7.2 million meters to about 12.2 million meters. The Company’s main objective is to solidify its position as one of the dominant manufacturers in the European color woven shirting fabric market. The primary components of the investment program are: (i) in weaving, 72 new looms and a new building; (ii) in fabric finishing, additional washing, dyeing and mercerizing machines; (iii) in yarn dyeing, three winding machines; and (iv) in ring spinning, three spinning frames and two combing machines.     Environmental Category and Issues This is a category B project according to IFC’s environmental review procedure. Environmental issues include air emissions, liquid effluents, and solid waste disposal. Occupational and safety issues include exposure to high temperatures and potentially hazardous aerosols. Following appraisal, IFC has concluded that the proposed project will meet all World Bank environmental, health and safety policies and guidelines and host country requirements. The is from the Public Information Center.Date SPI sent to PIC      October 24, 1997For 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).