Suzhou Huasu Plastics Company, Ltd.

completed

Summary Of Project Information (SPI)Project NameChina-Suzhou PVC Project      RegionAsiaSectorProject No008213Projected Board DateApril 22, 1997Company NameSuzhou Huasu Plastics Co., Ltd.Technical Partner and/or Major Shareholders Westlake International Investments Corp. (BVI): 43% Norsk Hydro a.s. (Norway): 32% China Jiangsu Chemical Pesticide Group Co. (China): 14% China Taicang Petrochemical Co. (China): 3%Project Cost Including proposed IFC investment The estimated cost of the Revised Project is about US$90 million.Location of project and Description of site Taicang Economic Development Area in Suzhou City (Jiangsu Province), about 40 km northwest of ShanghaiDescription of Company and Purpose of Project In February 1995, IFC’s Board approved financing for the Project in its initial scope which was to construct and operate a 60,000 metric tons per year (tpy) polyvinyl chloride (PVC) resin plant and a 24,000 tpy PVC film calendering facility. Since then, the project scope has been modified to provide a larger PVC resin capacity in view of an expanding market. In its revised scope, the Revised Project is to construct and operate a 100,000 tpy PVC resin plant and a 24,000 tpy PVC film calendering facility. The calendering facility has been operational since 1995, while the PVC resin plant is expected to be completed in 1999. The plants will use technology owned and developed by the Westlake Group of the U.S.. PVC is a major thermoplastic with wide applications in industrial and consumer products such as pipes, fittings, wire cables and bottles. Environmental Category and Issues This is a category B project according to IFC’s environmental review procedures. The following potential environmental, health and safety impacts of this project were analyzed: site location and infrastructure, air emissions, liquid effluent management, solid waste, environmental and safety standards applied, and emergency prevention and response. The plant design is based on U.S. engineering specifications for environment and safety and the project is designed to comply with local regulations and World Bank guidelines. The Environmental Protection Bureau of Suzhou City has approved the Environmental Impact Assessment Reports submitted by the Company.The is from the Public Information Center.Date SPI sent to PIC March 10, 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).