Jizzakh Cement (IFC-42380)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Uzbekistan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Jizzakh City, Aydar Lake
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
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
Jan 30, 2020
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
HUAXIN CEMENT JIZZAKH LIMITED LIABILITY COMPANY
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
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (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.
Project Cost (USD)
$ 110.00 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 20, 2024

Disclosed by Bank Nov 27, 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.

According to the Bank's website, this project finances the construction of a cement plant approximately 25km north of Jizzakh City in Uzbekistan. Additional infrastucture for the project requires a 3km access road, 36km power transmission line, and 17km gas pipeline. The project site is adjacent to an existing railway and to a water canal which delivers water from Syr Darya River to the site and to Aydar Lake. 

The project is categorised A for environmental risk because of the associated risks, including: (i) energy efficiency and greenhouse gas emissions, (ii) water avalability and efficiency, (iii) point source emissions controls for particulate matters and nitrogen oxide and potential heavy metals from the cement production, (iv) noise and dust control for quarry operations, (vi) potential loss of habitat due to large scale quarry operations, (vii) land acquisition and forced resettlement. 

As of August 20, 2024, the project disclosure does not appear anymore on the IFC's website.

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.

Huaxin Jizzakh is fully owned by Huaxin Cement Co. Ltd, a leading cement producer in Asia, headquartered in China, and listed on the Shanghai Stock Exchange (“SSE”). 42% of Huaxin’s shares are floated on the SSE, another 42% is held by LafargeHolcim Ltd, the Swiss-based construction materials major, and the rest is held by Huaxin Group Co. Ltd. Huaxin has operations across China, Tajikistan, and Cambodia and has plans to continue its international expansion.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Huaxin Cement Co. Ltd Parent Company -
- - - - Huaxin Group Co. Ltd. Investor -
- - - - Huaxin Jizzakh Client -
- - - - LafargeHolcim Ltd. Investor -

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.

Huaxin Cement Co. Ltd
Mr. Zhigang Ke
Finance Director of Overseas Department
+86 15102784185
Kezhigang@huaxincem.com
5# Building, International Enterprise Centre, Special No.1 Guanggu Avenue, Wuhan City, Hubei Province
www.huaxincem.com

Access for project documentation 

5# Building, International Enterprise Centre, Special No.1 Guanggu Avenue, Wuhan City, Hubei Province

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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