PROJECT

Projects

Summary of Investment Information

Project Number

31711

Company Name

INDUSTRIAL MILK COMPANY S.A.

Date SPI Disclosed

Nov 15, 2013

Country

Ukraine

Region

Europe

Projected Board Date

Dec 16, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : Dec 16, 2013
Signed : Dec 19, 2013
Invested : Jan 15, 2014

Sector

Diversified Edible Agricultural Crops Production

Project Description

The proposed investment is to assist Industrial Milk Company (the “Company” or “IMC”), a large-scale primary agricultural producer operating in Central and Northern Ukraine, in expanding the scope of its agricultural operations. The proposed 4-year investment program involves: (i) expansion of agricultural land to 185,000 hectares by 2015, (ii) expansion of storage capacity to 554 thousand tones, (iii) further modernization and purchase of supporting farm machinery and infrastructure, and (iv) increase in working capital.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation