PROJECT

Projects

Summary of Investment Information

Project Number

38058

Company Name

FE INTEGRATED AGROSYSTEMS

Date SPI Disclosed

Apr 25, 2016

Country

Ukraine

Region

Europe

Projected Board Date

May 27, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS ECA

Industry

Agribusiness and Forestry

Previous Events

Approved : May 26, 2016
Signed : May 31, 2016
Invested : Oct 25, 2016

Sector

Fruits and Vegetables

Project Description

The proposed investment is to support Agrofusion Group (the “Company”), the largest tomato paste and industrial tomato producer in Ukraine, by strengthening its capital base through refinancing existing short-term debt and financing incremental permanent working capital.

Established in 2007, Agrofusion is the largest vertically integrated tomato paste producer in Ukraine, marketing its products mainly to large FMCG companies in Ukraine, EU and CIS countries. The Company’s operational assets include: (i) two tomato paste plants with total processing capacity of approximately 480,000 metric tons of tomatoes per season (8,000 tons of tomatoes a day); (ii) two seedling green-houses; and (iii) 20,496 hectares of irrigated leased land in Mykolayiv and Kherson regions as well as modern farming equipment.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation