PROJECT

Projects

Summary of Investment Information

Project Number

37809

Company Name

SAO MARTINHO S/A.

Date SPI Disclosed

Mar 1, 2017

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Mar 30, 2017

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 9, 2017

Department

Regional Industry - MAS LAC

Industry

Agribusiness and Forestry

Previous Events

Approved : Mar 31, 2017
Signed : May 4, 2017
Invested : Jun 7, 2017

Sector

Sugarcane and Beets

Project Description

The proposed IFC investment consists of an A/B loan financing package to Sao Martinho S.A. ("Sao Martinho" or "the Company"). Founded in the 1930’s by the Ometto family, Sao Martinho is currently the fourth largest sugarcane processor in Brazil with 20 million tons of cane crushed in 2015/2016 crop season. Sao Martinho currently operates three sugar mills in the state of Sao Paulo and one mill in the state of Goias with a total capacity to process 24 million tons of sugarcane annually.


Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation