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Galaxy Chemicals
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 29246
Company nameGalaxy Chemicals
Country
Egypt (IDA)
Sector1All Other Chemical Product
Environmental categoryB
Department
StatusActive
Date SPI disclosedFebruary 24, 2010
Projected board dateApril 16, 2010
Previous EventsInvested: September 24, 2010
Signed: August 27, 2010
Approved: July 28, 2010
View Environmental & Social Review Summary (ESRS), click here
click here
  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
The proposed Project involves the construction of a greenfield plant in Egypt to produce chemicals, primarily for export to large, international companies that manufacture home & personal care products in MENA, Europe & the Americas. A majority of Galaxy Egypt’s sales will go to multinationals, many of which are currently supplied from the Sponsor’s existing operations in India.

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