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Summary of Project Information (SPI) |
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| Project number | 8940 |
| Project name | SEF Kazakhstan Construction Materials Company |
| Country | Kazakhstan |
| Sector | Nonmetallic Mineral Product Manufacturing |
| Department | Global Manufacturing & Services |
| Company name | Closed Joint Stock Company "Kazakhstan Construction Company" |
| Environmental category | B |
| Date disclosed | May 12, 1998 |
| Status | Completed |
| Previous Events | Invested: February 2, 1999
Signed: November 9, 1998
Approved: July 15, 1998 |
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Revised Summary of Project Information (SPI)
Project Name Kazakstan-Kazakstan Construction Company
Region Central Asia, Middle East and North Africa
Sector Manufacturing
Project No. 008940
Project Board Date June 12, 1998
Company Name Kazakstan Construction Company (KCC)
Major Shareholders
Mr.Ermek Mussin , through three existing companies belonging to him; Ermin Plastics, Ermin Stroy and Ermin Profile. The assets of Ermin Plastics and Ermin Stroy will be transferred to KCC the paid-up capital of which will be US$1.4 million.
Project Cost Including Proposed IFC investment
The total project cost is $2.6 million. IFC’s investment is expected to be up to $1.2million in the form of a loan.
Location of the Project and Description of the Site
The project will be located in Kapchagai, a city about 50km from Almaty, in an existing working bay measuring 10,000 square meters. The project facilities include a four kilometer railway siding, storage bays for cement, sand and aggregate and 5 hectares of land
Description of the Company and Purpose of the Project
KCC is a limited partnership company which was registered in February 1998 to take over the manufacture of concrete pavement bricks, concrete road slabs and concrete hollow blocks (generically named as concrete masonry units) currently being manufactured by two of the Sponsor’s companies in order to consolidate the production of these items in one company and also to expand existing capacity from 120,000 square meters of concrete masonry units per annum to 360,000 square meters per annum.
Without IFC’s involvement it will not be possible for the sponsor to rapidly expand capacity to meet the growing market demand. IFC’s assistance will facilitate introduction of modern management and technical practices and the facilities will be comparable to modern concrete masonry manufacturing units in western countries.
Environmental Category and Issues
This is a category “B” project according to IFC's environmental review procedure. Environmental, occupational health and safety issues associated with the project include: air emissions, liquid effluents, solid wastes, fire prevention and emergency response, employee health safety and training; and employee protection from noise and dust. The sponsor has presented plans to address these issues and demonstrate the proposed project will comply with applicable governmental and World Bank/IFC requirements.
The Environmental Review Summary is expected to be available on or about May 11, 1998 through the Public Information Center.
Host country location of IBRD Resident Mission, Almaty, Kazakstan
environmental documents
Date SPI sent to PIC May 7, 1998
Revised May 12, 1998
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
Phone (202) 473-7711
Fax (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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