CCL Products (IFC-31799)

Countries
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Cu Kuin Industrial Complex, Dak Lak Province, Vietnam
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
  • International Finance Corporation (IFC)
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
Jun 29, 2012
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
NGON COFFEE COMPANY LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Industry and Trade
  • Infrastructure
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 18.00 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)
$ 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 17, 2019

Disclosed by Bank Mar 26, 2012

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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.

The NCL applied a loan from IFC with a total amount up to US million 20 for add packaging line, ancillary and line balancing equipment, and also continue funding its operation activities in Dak Lak province, Vietnam.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

CCL Products India Limited ('CCL'), an instant / soluble coffee processor in India was established in 1995. NCL is a wholly owned subsidiary of Jayanti Pte Limited, Singapore, which in turn is a wholly owned subsidiary of CCL. CCL exports instant coffee to second tier brands and private labels in over 58 countries. It has a plant with processing capacity of 15,000 metric tons per anum (“MTPA”) in Andhra Pradesh, India and a granulation-cum-packaging plant with a capacity of 3,000 MTPA in Switzerland.

In Vietnam, the Company is called NGON COFFEE COMPANY LIMITED – NCL. This CCL's subsidiary was established in 2009 as an instant coffee manufacturer in Dak Lak province of the Central Highlands Region, Vietnam. NCL has recently completed the construction of a green field instant coffee manufacturing facility with an annual processing capacity of 10,000 MT. It now plans to add packaging lines, ancillary and line balancing equipment and also secure financing for its working capital requirements (the "Project").

CCL is promoted by Mr. Challa Rajendra Prasad, who together with his family, holds a 35.25% stake in CCL. The remaining stake is held by foreign collaborators (13.4%), institutional investors (15.91%) and other public shareholders (35.43%).

The project cost is estimated at US$50 million. IFC proposes a loan of up to US$20 million for its own account.


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.

1/Project Contact
Mr. Jaju Laxmi Nivas
Deputy General Director
Ngon Coffee Company Limited
Cu Kuin Industrial Complex
Cu Kuin District, Dak Lak Province,
Vietnam
Tel +84-500-3642199
Fax +84-500-3642198
E-Mail : :mailto:jaju@ngoncoffee.com
Website : http://www.ngoncoffee.com

2/Local Access for Project Documentation
Ngon Coffee Company Limited
Cu Kuin Industrial Complex
Cu Kuin District, Dak Lak Province,
Vietnam
Tel +84-500-3642199
Fax +84-500-3642198

3/IFC Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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