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| Project sponsor and major shareholders of project company |
| The project sponsor is Seament Holding, a private company 99% owned by Mr. Alexander Bouri, which is engaged in cement trading and manufacture, and shipping. Seament Holding is registered in Lebanon and has been in the cement business for over 35 years. |
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| Total project cost and proposed IFC investment |
| The total project cost is $130 million. The proposed investment is a $30 million A loan for IFC’s own account. |
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| Location of project and description of site |
| The project is located in Fushe Kruje, 35 km north of Tirana, the capital city, on a site adjacent to limestone and clay quarries. |
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| Description of company and purpose of project |
| Fushe Kruje Cement Factory sh.p.k. (FKCF or the company) is an existing cement manufacturing company, which was privatized in 2000. The factory was originally constructed as a wet-process plant and had total capacity of about 250,000 tons per year. At privatization the clinker manufacturing plant was not operational and at present, the cement factory operates only as a cement grinding station using imported clinker. The project will construct a modern dry-process, 3,300 tons per day capacity clinker plant, and install additional cement grinding capacity and a captive power plant. Upon completion the project will have a capacity of about 1.32 million tons per year of cement. The project will supply the local market, which currently imports 87% of the total annual cement and clinker consumption of 1.5 million tons. |
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| Environmental and social issues - Category B |
This is a Category B project according to IFC's Procedure for Environmental and Social Review of Projects because a limited number of specific environmental impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The review of this project consisted of appraising technical and environmental information submitted by the project sponsor as well as visits to the project site. The following potential environment, health and safety and social impacts of the projects were analyzed:
- Site location and suitability for the project;
- Project documentation and local Environmental Impact Assessment (EIA) process;
- Sustainability of raw material supply;
- Quarry rehabilitation plans;
- Air emissions and water management;
- Occupational health and safety; and
- Local social impacts.
To view the environmental documents for this project, click here
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| Location of environmental documents in locally affected community |
| The ERS will be available for public view at the factory gate office of Fushe Kruje Cement Factory in Fushe Kruje and at Bashkia Fushe Kruje, Fushe Kruje Town, Albania. |
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| To contact the project company, please write to: |
Mr. Sadi Dahdale, CEO Fushe Kruje
Cement Factory, Fushe Kruje,
Phone +355 48 300801,
Fax +355 48 300803 |