AMRU is majority-owned by its CEO Saran Song, a respected entrepreneur in Cambodia’s rice sector. Mr. Song started the business in 2011. Other shareholders include members of Mr. Song’s family.

The total project cost is US$13.5mn. IFC proposes to support the Project with up to US$10.0 million in funding, comprising an up to US$5.0 million A-loan from IFC’s own account and an up to US$5.0 million loan in its capacity as Implementing Entity of the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP). Other funds have been availed in the form of equity investments from the shareholders and the Company’s internal cash generation.

The Company’s milling and processing facilities are located in Phnom Penh as well as Battambang and Kampong Thom provinces. The working capital funding will help the Company to source raw materials in the country’s rice growing regions, including Battambang, Kampong Thom, Preah Vihear, Kampong Cham, Kampong Chhnang, Kampong Speu and Takeo provinces.

   This is a Category B project based on IFC’s Policy on Environmental and Social Sustainability. The E&S risks and impacts associated with this project are limited, site-specific, and can be readily addressed through generally accepted mitigation measures described in this document and the attached Environmental and Social Action Plan (ESAP). Key E&S issues associated with this investment are: (i) compliance with applicable Cambodian legal and regulatory requirements, including securing all necessary operational permits; (ii) effectiveness of Amru’s management competency and capacity to implement the integrated EHS/labor/food safety management systems; (iii) emergency preparedness and response plan, especially Life and Fire Safety (L&FS); (iv) resource (energy/water) efficiency and effluent management; point source (stack) air emissions; ambient dust and noise; solid (e.g. bran and rice husk) and hazardous waste management; (v) supply chain risk assessment and management, including harmful child/forced labor and conversion of natural/critical habitats in paddy rice sourcing areas.