IFC supports Russian animal feed producer

05-02-2008 | |

IFC, a member of the World Bank Group, is helping Russia’s Sodrugestvo Group, the largest manufacturer and distributor of soybean meal and other animal nutrition products in the CIS countries, expand its operations and improve its port facilities.

IFC’s financing of $50 million in equity and $50
million in long-term debt will help Sodrugestvo complete a specialized
agricultural commodities port as well as expand its production of animal feed by
building and operating soybean and rapeseed processing plants in the Kaliningrad
region.

As a partner and shareholder, IFC will also advise Sodrugestvo
on commercial, technical, environmental, and food safety issues and help the
company implement best practices in corporate
governance.

Infrastructure bottlenecks
The new port
will alleviate infrastructure bottlenecks at commercial ports that handle
imported agricultural products and increase access to quality port services for
other Russian agricultural commodity traders. With the new processing plants,
Sodrugestvo will increase the supply of quality animal nutrition products in
Russia to support the country’s rapidly expanding livestock industry.

Related website:
IFC

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