Naturasol Expansion (IDBI-14926-01)

Countries
  • Mexico
Geographic location where the impacts of the investment may be experienced.
Specific Location
Tepotzotlán
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 (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 9, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
NATURASOL, S.A. DE C.V.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 70.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 25, 2024

Disclosed by Bank Jul 5, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

De acuerdo con el BID Invest, el financiamiento propuesto a Naturasol S.A. de C.V. y Mielmex S.A. de C.V. (conjuntamente los "Prestatarios" o la "Compania"), procesadora de alimentos mexicana que crece a un ritmo acelerado y el mayor exportador de miel del pais, consiste en un financiamiento de hasta US$70 millones (el "Financiamiento"), compuesto de la siguiente manera: (i) un prestamo senior garantizado A/B de hasta US$45 millones, hasta US$25 millones de BID Invest y hasta US$20 millones de terceros (el "Prestamo de Largo Plazo" ); y (ii) un prestamo revolvente multi-moneda no comprometido de hasta US$25 millones (el "Prestamo Revolvente"). Los fondos del Financiamiento se utilizaran para financiar gastos de capital y necesidades de capital de trabajo de la Compania, relacionados con una expansion y mejora de sus operaciones en Mexico, mientras que a su vez reduce su huella de carbono (el "Proyecto").

Los objetivos de desarrollo del Proyecto son: (i) promover el crecimiento y la productividad local; y (ii) brindar oportunidades de generacion de ingresos a empleados y proveedores locales, incluyendo proveedores micro, pequenos y medianos agricolas en la cadena de valor de la Compania.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Según el BID Invest, el Grupo Naturasol es un grupo de empresas mexicanas con más de 45 años en el mercado, dedicadas a desarrollar, fabricar y comercializar una amplia variedad de productos alimenticios bajo su propia marca o para terceros en los mercados locales y de exportación. Entre sus productos se incluyen jarabe de arce y miel de abeja, untables (mermeladas, cajeta, cremas de avellana y mantequillas de maní), cereales, semillas (almendras, avellanas, nueces pecanas y pistachos), cacahuates saborizados, frutas deshidratadas, barras comestibles y papas y frituras de maíz.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Naturasol SA de CV Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client Contact

EMAIL

mario.esquivel@mielmex.com

PHONE NUMBER

+52 55 5562 6587

POST OFFICE ADDRESS

CIRCUNVALACIÓN PTE. 9A, CD. SATÉLITE, 53100 NAUCALPAN DE JUÁREZ, MÉXICO

 

EMAIL: requestinformation@idbinvest.org

PHONE: +1(202)-566-4566

ADDRESS: 1350 New York Ave NW, Washington, DC 20005

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request

ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST

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 (IDB Invest)-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 IDB Invest 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).

How it works

How it works