PROJECT

Projects

Summary of Investment Information

Project Number

38776

Company Name

KAZFOODPRODUCTS LLP

Date SPI Disclosed

Jul 24, 2017

Country

Kazakhstan

Region

Central Asia and Turkiye

Projected Board Date

Dec 19, 2017

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Mar 19, 2026

Department

CM5PO - Regional Industry MAS MCT/MAS MCT Portfolio

Industry

Agribusiness and Forestry

Previous Events

Approved : Dec 19, 2017
Signed : Dec 28, 2017
Invested : Aug 6, 2018

Sector

Grain Processing (Milling, Starch, Flour, Malt)

Project Description

      “KazFoodProducts” LLP (KFP or the Company), established in 1998, is one of the leading Kazakh food processing companies, operating in grain milling and confectionary        sectors. The project aims to support KFP growth through: (i) vertical integration and product diversification in milling and deep processing of wheat (production of gluten, starch, animal feed and fructose syrup), and (ii) expansion of the confectionary business (the “Project”) 

Update related to additional investment under the COVID-19 response facility (#45257):

 IFC will provide an A loan of up to US$15 million equivalent in Kazakh Tenge (KZT) to KFP as an allocation under the IFC’s COVID-19 response facility. The IFC Loan will be used for expansion of KFP’s operations and its working capital needs.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation