Addis Ababa Bottle And Glass Share Company (IFC-40108)

Countries
  • Ethiopia
Geographic location where the impacts of the investment may be experienced.
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
Proposed
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."
Borrower
ADDIS ABABA BOTTLE AND GLASS SHARE COMPANY
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 25.00 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 @ IFC website

Updated in EWS Aug 19, 2019

Disclosed by Bank Jul 16, 2019

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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.

Addis Ababa Bottle and Glass Share Company (“Addis Glass” or “the company”) is an existing manufacturer of container glass products for the Ethiopian market. The company was established in 1972, approximately 8.5km from Addis Ababa city center along the road to Ambo, in Kolfe Keraniyo subcity, Woreda 13 (https://goo.gl/maps/HqNs1PVsbpM2).Addis Glass currently operates two electric furnaces with a combined design capacity of 80 tons per day (tpd). It produces glass container packaging for beer, soft drinks, liquor, wine, cosmetics, mineral water, and food markets.Glass bottle manufacturing requires silica sand, limestone, dolomite, soda ash and other raw materials. The company owns two quarries in Debra and Harar for sourcing silica sand and dolomite respectively. Limestone is sourced from local cement companies, soda ash, both locally and imported from Magadi Soda in Kenya and cullet from the customers. The production process generally does not generate much waste.The proposed project comprises a financing package - of a $25m loan, to support the company’s capital investment program to add 160 tpd of capacity and upgrade its existing glass bottle manufacturing plant; and the establishment of the new raw material preparation site in Sululta, approximately 30km from Addis Ababa city: https://goo.gl/maps/strZUNEyDUT2, (“the project”). The total capacity after project completion will increase from the current 80 tpd to 240 tpd.The raw materials preparation yard in Sululta is located within the Woreda administration assigned for industry and other development services. The site will be used for raw material (silica sand, cullet, limestone and dolomite) preparation which involves, size reduction, crushing, washing, milling, classifying, drying; sieving and storing. The site will be upgraded with modern crushers, rod mill, hydro cyclone, spiral classifier, rotary dryer, cullet crusher, cullet washer and temporary buildings for material storage.

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

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.

Contact Person: Mr. Ketema Abebe

Company Name: Addis Ababa Bottle & Glass Share Company

Address: Kolefe Keranyo, Adjacent to Mikyliland Condiminium, Woreda 13, HN0, P.O

Box: 5591, Addis Ababa

Email: ketemaa04@gmail.com or botgla@yahoo.com

Phone: +251112702628

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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