📋 Tender Overview
Project Number: 48857
Company Name: Salcomp Technology India Pvt Ltd.
Date ESRS Disclosed: Apr 3, 2024
Country: India
Region: South Asia
Environmental Category: B
Status: Pending Approval
Department: Regional Industry - MAS Asia & Pac
Project Description
IFC is considering a US$150 million, A loan, to Salcomp Technologies India Pvt Ltd. ( Salcomp Technologies or the Company ), a globally leading manufacturer of chargers, transformers, electronics assemblies, and plastic mouldings for mobile devices. The company operates under Salcomp Oyj, a wholly owned subsidiary of Lingyi iTech (Guangdong) Co., Ltd. ( Lingyi or the Guarantor ), a Chinese leading consumer electronic component manufacturer, listed on the Shanghai Stock Exchange since 2018.
Salcomp Technologies currently operates three facilities (ST 1, ST 2, and ST 5) in the SIPCOT Industrial Park at Sriperembudur, Chennai in India, with a fourth facility (ST 3) being constructed at the same site.
The proposed project will support expansion of the company’s manufacturing capacity in the Sriperembudur campus, with the focus on ST3 and ST5 facilities. As part of the project the company will install new equipments and build new production lines, so that ST3 facility be equipped with 10 new production lines and production capacity of 180,000 pieces per day and ST5 facility will be equipped with 5 new productions lines and 20,000 pieces per day production capacity (the Project ).
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
