Sichuan Leshan Zhen Jing Leather Products Co., Ltd Summary Of Project Information (SPI)       Project Name    China-Zhen Jing Leather Products Company, Limited              Region    Asia         Sector       Project No008375   Projected Board DateJanuary 15, 1998   Company NameZhen Jing Leather Products Company, Limited   Technical Partner and/or Major Shareholders    	The majority (75%)shareholder will be Mr. He Zheng Gang of Leshan, China. FMO of Netherlands will hold a 12.5% share. IFC is considering taking up the remaining 12.5% share.     	    Project Cost Including proposed IFC investment    	US$15 million. IFC financing being considered: US$4.5 million loan; US$2 million in equity.    Location of project and Description of site    	Leshan City, Sichuan Province, China. The site for the new garment plant is adjacent to the Companys existing garment plant located in  Shizhong District. The site for the new tannery is adjacent to the Companys existing tannery located in Wutongqiao District and on the bank of Minjiang River.    	    Description of Company and Purpose of Project   (include IFCs Role and Development Impact)    	The project company will be a limited liability sino-foreign joint venture incorporated in China. The project is to construct and operate a new cowhide tannery with a total capacity of 300,000 tanned hides per annum and a new bovine leather garment plant with a total capacity of 180,000 pieces per annum. The project will support private sector growth in China and contribute to economic development in the interior regions. IFCs involvement will help upgrade the Companys existing operations, improve accounting and management information system, and ensure that adequate attention is paid to environmental protection.     Environmental Category and Issues    	This is a category B project according to IFC''s environmental review procedure. Environmental, occupational health and safety issues associated with this project include: proper treatment and disposal of liquid and solid wastes and gaseous emissions, general worker health and safety and fire protection.                                                                                                                           Using Italian technical assistance trust funds, a basic environmental audit was conducted by ERM-Hong Kong to assess the environmental problems of Zhen Jings existing operations and the potential environmental impacts of the expansion project. Based on the audit, an envrionmental protection action plan was finialized by the Company with the help of IFC and in consultation with the Chinese Environmental Protection Bureau. Under this plan, a new waste water treatment plant and a new solid waste disposal site will be built as part of the expansion project. Both the waste water treatment plant and the solid waste disposal site will have capacity to handle waste discharges from both the new and the old tanneries. In addition, an environmental management system will be set up and all the issues identified by the envrionmental audit will be addressed properly conforming to the World Bank guidelines and the Chinese standards.      The  is  from the Public Information Center.       Host country location of environmental documents    Environmental Protection Bureau, Leshan City, Sichuan Province, China      Date SPI sent to PIC December 8, 1997   This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).