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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
facilities.
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.
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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