Hayat Women and Children Personal Hygiene Products Project (ADB-55144-001)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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
Sep 5, 2022
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
Hayat Kimya Vietnam Company Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
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)
$ 19.90 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.
Currency conversion note:
Bank reported 20
Converted using 2022-09-05 exchange rate.
Loan Amount (USD)
$ 19.90 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.
Currency conversion note:
Bank reported 20
Converted using 2022-09-05 exchange rate.
Project Cost (USD)
$ 39.90 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 @ ADB website

Updated in EWS Jul 25, 2024

Disclosed by Bank Sep 5, 2022

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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.

According to the bank's website, "the proceeds of the Asian Development Bank (ADB) loan, and loans to be provided by Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) and the OPEC Fund for International Development, will be used to finance or refinance the construction of a manufacturing facility, purchase of equipment, and other capital expenditure in Viet Nam for the production of baby diapers, wet wipes, and women's hygiene pads. The project will increase consumer choices and improve the affordability of baby diapers, wet wipes, and women's hygiene pads in Viet Nam, Thailand, and Malaysia."

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The ADB categorized the project risks as follows:

Environmet - B
Involuntary Resettlement - C
Indigenous Peoples - C

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

The funds will come from ordinary capital resources (20 million EUR).

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.

As stated by the ADB, established in 2019, Hayat Kimya is a wholly owned subsidiary of Hayat Kimya Sanayi. The greenfield factory in Viet Nam, initially for baby diapers and baby wipes but to be expanded to women’s hygiene pads, is the group’s first manufacturing investment in Asia and will play a major role in rolling out its products to Viet Nam, Thailand,  and Malaysia. The production of diapers and sanitary wipes started in the third quarter of 2021. Hayat Kimya Sanayi was incorporated in Istanbul, Turkiye more than 50 years  ago and is mainly engaged in the production of detergents, and hygiene and tissue products. It achieved $2.0 billion in revenue in 2021 and owns 15 brands across multiple  consumer product categories, including baby diapers, feminine hygiene pads, adult diapers, masks, detergents, wet wipes, toilet papers, and tissues. As of 31 December 2020,  the group had 9,000 employees and 21 manufacturing facilities. In 2018, it ranked 41st among Türkiye's largest exporters and 47th among Turkiye’s top 500 industrial entities  (footnote 2). It is the world’s fifth largest branded baby diaper manufacturer and the largest tissue manufacturer in the Balkans, Eastern Europe, and Middle East. 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Hayat Kimya Sanayi A.S. Parent Company Industry and Trade

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.

Kobayashi, Junnosuke (ADB Officer)
Private Sector Operations Department
Office of the Director General, PSOD

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

How it works

How it works