PROJECT

Projects

Environmental & Social Review Summary

Project Number

38720

Company Name

GUANGXI YANGXIANG CO LTD

Date ESRS Disclosed

Oct 3, 2016

Country

China

Region

East Asia and the Pacific

Last Updated Date

Jun 18, 2026

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Dec 8, 2016
Signed : Jan 3, 2017
Invested : Mar 15, 2017

Sector

Other Animal Production

Industry

Agribusiness and Forestry

Department

Regional Industry - MAS Asia & Pac

Project Description

IFC is considering a long-term local currency loan of up to US$50 million equivalent to Guangxi Yangxiang Co. Ltd. (“Yangxiang” or the “company”). Established in 1998 in Guigang city, Guangxi Autonomous Region, Yangxiang’s main business segments include: (i) the breeding and farming of pigs, and (ii) the manufacturing of pig feed. Yangxiang is among the largest integrated pig companies in China, and the first Chinese feed company that obtained both ISO9001 and ISO14001 certifications in the sector. Headquartered in Guangxi, Yangxiang has operations in Hebei, Henan, Hunan and Liaoning provinces; all are considered frontier regions in China.

The Project consists of building two breeding farms in Guigang, Guangxi, and recruiting and retaining contract farmers for hog farming (the “project”). As a result, the breeding capacity will increase by 80,000 sows and the farming capacity will increase by 2 million commercial hogs.

The project has already commenced and it is expected to be completed over the next 18-24 months. The company plans to finance the project mainly through its internal cash generation and the remaining up to US$50 million equivalent is to be financed by IFC’s long-term local currency loan.

Overview of IFC's Scope of Review

The scope of the appraisal by IFC’s environmental and social (E&S) specialist included the following:

Sites visits to Yangxiang’s new breeding farms under construction in Guigang, Guangxi, and Shenyang, Liaoning, site visits to a breeding farm in operation in Shenyang and to a contract farm near Guigang, Guangxi, and site visits to Yangxiang’s feed mills in Guigang and Shenyang.

Meetings with the members of Yangxiang’s management, HR director and farm/mill managers, including chairman of the Yangxiang Group; President; Vice Chairman; Director of Pig Production Management Center; Chief Genetics Director, and Director of Human Resources.

Review of key documents provided by Yangxiang, including responses to the IFC’s E&S appraisal questionnaire, Environmental Impact Assessment (EIA) studies, construction and operational permits including effluents discharge permits for breeding farms; environmental, human resources and occupational health and safety (OHS) policies, procedures and sample records, monitoring reports, 3nd party OHS audit reports, example contract used with regards to contract farmers, contract farm management documents, OHS training records, emergency preparedness and response procedures, energy and water consumption records, and land leasing procedures.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan