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Summary of Project Information (SPI) |
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| Project number | 9250 |
| Project name | Aldaph SPA |
| Country | Algeria |
| Sector | Chemicals |
| Department | Global Manufacturing & Services |
| Company name | Aldaph SPA |
| Environmental category | B |
| Date disclosed | April 14, 1999 |
| Status | Completed |
| Previous Events | Signed: June 12, 2000
Approved: June 17, 1999 |
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Summary Of Project Information (SPI)
| Project Name: | ALGERIA: ALDAPH - SPA |
Region:Central Asia, Middle East and North Africa
Sector:
Project No:009250
Projected Board Date:May 28, 1999
Company Name:ALDAPH SPA
Technical Partner and/or Major Shareholders
International: Novo-Nordisk A/S (Denmark) and Pierre Fabre Laboratoires (France), with each 33% equity in Aldaph SPA. Local: Groupe Saidal, with 10% equity in the Company.
Project Cost Including proposed IFC investment
Project Cost: EURO 47 million (US$50.7 million equivalent).
IFC Investment: (i)EURO 7 million "A" Loan, (ii) EURO 6 million "B" Loan, (iii) AD105 million equity (US$1.8 million) representing about 6.7% of Aldaph's capital.
Location of project and Description of site
Greenfield land of 90,000 square meters in Draa-Ben-Khedda, about 80 miles east of Algiers.
Description of Company and Purpose of Project
Establishment of a production unit to manufacture, package and distributed pharmaceutical productions covering 15 therapeutic classes including: (i) dry forms (tablets and capsules), (ii) liquid forms (oral and topical liquids), (iii) paste forms, (iv) suppositories, and (v) parenterals (including insulin). The production unit will be backward integrated with the existing import and distribution activities of Aldaph SPA.
Environmental Category and Issues
This is a category B project according to IFC's environmental review procedure. Environmental issues associated with this project include: site location; air emissions; liquid effluents; fuel storage and handling; emergency response and contingency plan, employees training and general occupational health safety. Air emissions will be controlled by air filters installed in the areas where there is handling of dry materials and potential for release of air emissions. The domestic waters will be collected in septic tanks and the process liquid effluents will be treated in the wastewater treatment plant to be installed in the premises. Fuel, solvents, and raw materials will be properly handled and stored. The sponsor will prepare and submit to IFC copies of the HAZOP conclusions and of the contingency and emergency response plans. The sponsor will implement occupational health and safety measures including fire prevention systems, compulsory use of personal protective equipment and training programs. With the implementation of the above measures, IFC concludes that the proposed project is being designed to comply with World Bank guidelines. IFC will monitor the ongoing compliance of the project by evaluating the sponsor's annual environmental performance reports and periodic site supervisions.
The are April 14,1999 from the InfoShop.
| Host country location of environmental documents | Algeria |
Date SPI sent to InfoShop: April 14, 1999
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
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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