IFC supports Russian animal feed producer
International Finance Corporation (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
IFC's financing of US$50 million in equity and US$50 million in long-term
debt will help Sodrugestvo complete a specialised 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.
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
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