Release date: 1 September 2006
Promoter – Financial Intermediary
Sonae Novobord (Pty) Ltd
William MORKEL, Financial Manager, +27 (11) 236 1408
Location
Description
The project consists of expansion of an existing particle board and medium density fibreboard factory.
Objectives
It is expected that this project will positively impact economic activity, mainly through creation of employment for 41 people and safeguard some 130 existing local jobs.
Comments
Manufacturing.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 25 million.
Total cost (Approximate amount)
EUR 51 million.
Environmental aspects
The project complies with the Bank´s environmental principle of minimisation of negative environmental impacts, as is deemed environmentally acceptable. The project falls under Environmental Impact Assessment legislation of South Africa which includes an extensive public consultation process.
Procurement
Procurement will be in accordance with the Bank´s procurement guidelines.
Status
Signed - 19/01/2007
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).