Quick Facts

Where the impacts of the investment may be experienced.
  • World
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-01-08
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Johnson Electric Holdings Limited
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Industry and Trade
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ IFC website
Updated in EWS: 2017-07-19
Disclosure Date: 2015-12-02
Johnson Electric

Project Description
This project finances an investment in Johnson Electric Holdings Limited, a large manufacturer of electric motors and associated equipment. This investment would allow the company to build more facilities and support their expansion of their global supply chain in the Americas, Europe and Asia.
Investment Description
Johnson Electric Holdings Limited was founded in 1959 in Hong Kong and is one of the largest makers of micro-motors in the world, components used in a wide variety of downstream industries including automotives, electrical appliances and tools. The company has emerged as a leading components provider (motor, sensors, controllers in one module) for the auto industry. It ships its products to more than 30 countries for use in hundreds of different product applications, and is publicly traded on the Hong Kong Stock Exchange and is a new client for IFC. The largest shareholder is Mrs. Wang Koo Yik Chun, who owns 63% of the Company on behalf of the founding Wang family.
Contact Information
Mr. LAM Wan Choi General Manager – Global Environmental, Health and Safety, Johnson Electric Group 6/F, 12 Science Park East Avenue Hong Kong, Science Park Shatin, NT, Hong Kong Telefax: +852 2663 6688, E-Mail: mailto:wanchoi.lam@johnsonelectric.com 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/