IFC to invest in feed production in Tajikistan
The International Finance Corporation (IFC) is to sign an investment deal on the production of high-quality animal feed in Tajikistan with the subsidiary of CCPA Group (Conseils et Competences en Productions Animales), according to the Russian media Soya News Info.
The representatives of the company say the deal is expected to be signed in Dushanbe on November 25. According to official information, the project is to establish a modern production of quality animal feed with initial capacity of approx 30,000 tonnes per year.
Investments will include modernisation, automation and the increase of capacity of the existing feed mill and raw materials storage facilities, which will be leased from Murghi Hilol JSC, a leading egg factory in Tajikistan. Initially it will be the major customer for Nutristar Tajikistan's animal feed products. Over time the client base is expected to increase as project aims to supply a wider network of agricultural farms within Central Asia.
The project sponsor is CCPA Group (Conseils et Competences en Productions Animales), a leading French agricultural cooperative that focuses on R&D in animal feed sector.
Total project cost is estimated at US$ 2.6 million. The proposed IFC investment is a senior loan of up to US$2.2 million for IFC's own account.
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