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Summary of Project Information (SPI) |
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| Project number | 8077 |
| Project name | SEF Fayz Furniture Production Company |
| Country | Uzbekistan |
| Sector | Industrial & Consumer Products |
| Department | Global Manufacturing & Services |
| Company name | Fayz Holding Joint Stock Company of the Open Type |
| Environmental category | B |
| Date disclosed | March 13, 1997 |
| Status | Active |
| Previous Events | Invested: February 24, 1999
Signed: April 15, 1998
Approved: April 18, 1997 |
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Summary Of Project Information (SPI)
| Project Name | Uzbekistan-Furniture Production Association Fayz |
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| Region | Central Asia, Middle East and North Africa |
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Project No008077
Projected Board DateApril 13, 1997
Company NameJoint Stock Furniture Production Company Fayz
Technical Partner and/or Major Shareholders
Fayz was privatized in the beginning of 1995, and at present is owned 70% by management and workers, 15% by outside shareholders and 15% by the Government of Uzbekistan.
Project Cost Including proposed IFC investment
The total project cost is US$4.8 million. IFC’s investment is expected to be up to US$2.4 million, with amounts of loan and equity still to be finalized.
Location of project and Description of site
The project is located in Tashkent, the capital city of Uzbekistan. The project would be located in the existing site of Fayz, located in the industrial district of Tashkent.
Description of Company and Purpose of Project
Furniture Production Association Fayz, established in 1978, is one of the largest furniture factories in Uzbekistan and the only manufacturer of kitchen cabinets in Central Asia. The project is for upgrading and modernization of an existing furniture manufacturing factory.
Environmental Category and Issues
This is a category B project according to IFC’s environmental review procedure. Environmental and occupational health and safety issues include limited liquid effluent and solid waste disposal, source of raw materials, stack emissions, fire protection, and employee exposure to noise and dust and finishing and/or solvent vapors.
The is available from the Public Information Center.
| Date SPI sent to PIC | March 13, 1997 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384 |
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| Environmental documents for this project are available at http://www.ifc.org/projects and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). |
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