GRUPO MADERERO EMPRESARIAL GEM CORP S.L.
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Grupo Maderero Empresarial GEM Corp (“GEMHOLD”) is a Holding Company, consolidating several forestry, wood processing, trading and retail activities in Latin America. GEMHOLD is a vertically integrated retailer of wood products, most notably medium density fibre board (MDF), medium density particle board (MDP) and plywood.
What is our funding objective?
Expansion of existing activities, resulting in GEMHOLD becoming the regional retail market leader. The facility will create substantial development impact, including employment creation, availability of affordable carpentry products, as well as tax and hard currency generation.
Why do we fund this investment?
Long-term financing is scarce in Latin America. FMO, together with DEG and Proparco, the German and French Development Finance Institutions, support a successful, medium-sized group in realizing its ambitious regional expansion plans, for which long-term financing is crucial. In addition, GEMHOLD promotes sustainable forest management.
- Website customer/investment
- http://.
- Region
- Latin America & The Caribbean
- Country
- Ecuador
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 10/17/2013
- End date
- 2/21/2019
- Total FMO financing
- USD 23.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+