PROJECT

Projects

Summary of Investment Information

Project Number

41217

Company Name

FE INTEGRATED AGROSYSTEMS

Date SPI Disclosed

Apr 30, 2018

Country

Ukraine

Region

Europe

Projected Board Date

Jun 14, 2018

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 4, 2018

Department

Regional Industry - MAS ECA

Industry

Agribusiness and Forestry

Previous Events

Approved : May 31, 2018
Signed : Jun 1, 2018
Invested : Aug 2, 2018

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 providing a long-term corporate loan to finance the Company’s 2018-2019 expansion and debt refinancing program (the “Project”).

Established in 2007, Agrofusion is the largest vertically integrated tomato paste producer in Ukraine. The Company works with the global FMCG companies, exports 70% of its production to 35 countries. The Company’s operational assets include: (i) three tomato paste plants with total processing capacity of approximately 750,000 metric tons of tomatoes per season; (ii) two seedling green-houses; and (iii) approximately 25,000 hectares of irrigated leased land in Mykolayiv and Kherson regions of Ukraine.

The implementation of the Project will allow the Company to expand its product portfolio and increase export volumes.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation