Eliane S.A. (IIC-12240-01)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
Cocal so Sul
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • IDB Invest
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 8, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Eliane S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IIC website

Updated in EWS Sep 20, 2018

Disclosed by Bank May 4, 2018

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Project Description

The Project will support the company´s 2017-2020 investment program which includes: (i) construction of three ceramic tiles production lines (equipment imported from Italy), (ii) construction of a distribution center, (iii) energy efficiency improvements, (iv) investments in safety standards requirements, (v) production automatization, and (vi) recovery of mining facilities. The financing will also include working capital, debt refinancing and maintenance capex as use of proceeds.

Investment Description
  • IDB Invest
Private Actors

Eliane, founded in 1960, is the second largest ceramic tile producer (using the wet milling process) in Brazil. The company has been producing wall and floor ceramic tiles since 1960. Eliane is currently managed by Edson Gaidzinski Junior.

Contact Information

Project Contact: Helio Costet de Mascheville Lengler
Mine and Environmental Manager
Phone number:+ 55 48 3447-7841
Email address: helio.lengler@eliane.com

IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

ACCOUNTABILITY MECHANISM OF IIC

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).