CCL Products (IFC-31799)

Countries
  • Vietnam
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
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 29, 2012
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
NGON COFFEE COMPANY LIMITED
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 18.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 26, 2017

Disclosed by Bank Mar 26, 2012


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Project 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
  • International Finance Corporation (IFC)
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
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/