Tubos e Conexoes Tigre

completed

Summary Of Project Information (SPI)Project NameBrazil:Tubos e Conexões Tigre Ltda (“Tigre”)RegionLatin America and CaribbeanSectorProject No007073Projected Board DateFebruary 17, 1996Company NameTubos e Conexões Tigre Ltda (“Tigre”)Technical Partner and/or Major Shareholders Tigre is a closed company owned by Tigre Participações S.A. (“Tigrepar”). Tigrepar is 73.4% owned by JHJ Empreendimentos e Participações S.A. (the holding company of the Hansen family, which founded Tigre in 1941), 16.4% by Bradesco (a leading Brazilian private bank) and 10.2% by various small investors.Project Cost Including proposed IFC investment US$184.6 million; IFC investment of about US$60 million, of which US$30 million for IFC’s own account and US$30 million for the account of participant banks.Location of project and Description of site As part of the investment program, Tigre will consolidate its existing production facilities in three plants located in Joinville (Santa Catarina), Rio Claro (São Paulo) and Camaçari (Bahia), and it will build a new plant to be located in Rio Claro (São Paulo).Description of Company and Purpose of Project Tigre is Brazil’s leading manufacturer of rigid PVC pipes and fittings. As part of an overall modernization and expansion process, Tigre is implementing a three-year investment program estimated to cost US$184.6 million, which will increase its production capacity from 120,000 tons per year (tpy) to 185,000 tpy. PVC pipes and fittings are a key product in the development of a national grid of water, sewage, telephone and electricity. Tigre’s investment will increase the availability of high quality pipes and fittings at lower costs, thereby contributing towards IBRD’s and Brazil Government’s objective of promoting infrastructure expansion. IFC will provide long-term funds, which continue to be scarce in Brazil, and introduce Tigre to the international financial markets through the B Loan syndication.Environmental Category and Issues This is a category B project according to IFC’s environmental review procedure. Environmental and occupational health and safety issues associated with this project include air emissions; liquid effluents; solid residues; noise; fire protection; and occupational health and safety training. Tigre does not use any processes resulting in direct air emissions. Process wastewater does not apply to Tigre’s processes and domestic (gray) wastewater is treated in anaerobic filters before being released into the public sewage system. Resins and packaging materials are recycled. Rubbish is dumped in a municipal dump. To limit noise impact, machinery has been enclosed, baffles installed and noisy equipment changed. Fire extinguishers and sprinkler systems have been installed and employees are educated in industrial fire fighting. Tigre provides mandatory monthly health and safety training. IFC will ensure ongoing compliance with World Bank guidelines during the life of the project by evaluating monitoring reports submitted annually to IFC by Tigre, and by conducting periodic supervision.The is from the Public Information Center.Host country location of environmental documentsAv. Presidente Juscelino Kubitschek, 1830, Torre 4 - 3o. andar, São Paulo, BrazilDate SPI sent to PIC January 17, 1996For 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).