PROJECT

Projects

Summary of Investment Information

Project Number

36704

Company Name

SOCIETE MALGACHE DE TRANSFORMATION DES PLASTIQUES SA

Date SPI Disclosed

Sep 11, 2015

Country

Madagascar

Region

Africa

Projected Board Date

Oct 15, 2015

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 10, 2025

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Agribusiness and Forestry

Previous Events

Approved : Feb 29, 2016
Signed : Mar 18, 2016
Invested : Nov 18, 2016

Sector

Poultry Farming

Additional Project Attributes

Blended Finance

Project Description

The proposed IFC investment is to support Société Malgache de Transformation des Plastiques (SMTP) agribusiness subsidiaries, and would consist into:
Capital Expenditures for expansion of Agrifarm’s Day Old Chicks production capacity;
Permanent working capital to increase Agrival’s animal feed production;
Capital expenditures for a green field slaughterhouse for Mabel.

SMTP group is a conglomerate in Madagascar, with activities in agribusiness (including industrial bakery), plastics, packaging, woven polypropylene, construction and civil works, automobile dealership, real estate (residential and commercial).

Associated Advisory Engagement

SMTP is developing BOVIMA, a feedlot and slaughterhouse for beef and cattle in the Fort Dauphin area in Madagascar. IFC Advisory Services is assisting the Sponsor in the project design, to better understand the market at destination countries, sanitary and veterinary standards required for obtaining meat export licenses, etc.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation