PROJECT

Projects

Summary of Investment Information

Project Number

35983

Company Name

ARLA FOODS INGREDIENTS S.A.

Date SPI Disclosed

Mar 20, 2015

Country

Argentina

Region

Latin America and the Caribbean

Projected Board Date

Apr 21, 2015

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Sep 21, 2022

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : May 21, 2015
Signed : Jun 26, 2015
Invested : Sep 10, 2015

Sector

Dairy Products

Project Description

The proposed investment consists of an IFC A Loan and B Loan for an aggregated amount of $56 million to Arla Foods Ingredients S.A. (“AFISA” or the “Company”). AFISA is an Argentina-based whey processing joint venture founded by Arla Foods Ingredients and SanCor. The IFC investment will support expansions to the Company’s whey intake from ~900,000 to ~1,200,000 MT per year and permeate drying capacity from 24,000 to 45,000 MT per year (the “Project”).

Associated Advisory Engagement

No Advisory Services Associated

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation