Ticofrut S.A.

completed

Summary Of Project Information (SPI)Project NameCosta Rica-TicoFrut S.A.RegionLatin America and CaribbeanSectorProject No007022Projected Board DateJuly 14, 1995Company NameTicoFrut S.A.Technical Partner and/or Major Shareholders The principal shareholder is Mr. Carlos Odio, a Costa Rican industrialist with broad experience in fruit juice processing.Project Cost Including proposed IFC investment Project cost is estimated at US$26 million. IFC is considering debt financing in the amount of US$10 million: US$5 million for its own account and US$5 million which will be syndicated. Location of project and Description of site The processing plant is located at Aguas Zarcas de San Carlos, a rural area in Alajuela Province of Costa Rica, in the heart of the citrus and pineapple production region of the country.Description of Company and Purpose of Project The Company produces single strength juices and frozen concentrated juices mainly for export. The project involves increasing processing capacity from 1.8 million orange boxes to 5.5 million boxes, installing bulk juice handling and storage facilities, and erecting a feedmill to convert orange peel into animal feed. Environmental Category and Issues This is a category B project according to IFC’s environmental review procedure. Environmental and occupational and health issues associated with this project include air emissions, water and solid waste recycling, liquid effluent and occupational health and safety standards. As part of the upgrading of the facility, new boilers using low-NOx burners will be installed. The air emissions will comply with local requirements and World Bank guidelines. By condensing process vapors and recycling 180,000 gpd, the raw water consumption will be limited to 20,000 gpd. The peel from the juice pressing has until now been landfilled. A new recovery unit will allow this waste to be dried for use in cattle feed production. A new wastewater treatment plant will be installed. After treatment, the wastewater will have BOD <50 mg liter, TSS <50 mg/liter and will comply with local requirements and World Bank guidelines. The facility will meet OSHA standards for occupational health and safety. IFC will ensure ongoing compliance with World bank guidelines during the life of the project by evaluating monitoring reports submitted annually by TicoFrut and by conducting periodic supervision.The is June 15, 1995 from the Public Information Center.Date SPI sent to PIC June 8, 1995For 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).