42401
XIANG NIAN FOOD CO., LTD.
Dec 3, 2019
China
East Asia and the Pacific
Feb 28, 2020
B - Limited
Active
Jun 12, 2021
Regional Industry - MAS Asia & Pac
Agribusiness and Forestry
Approved : Jun 26, 2020
Signed : Jul 21, 2020
Invested : Sep 18, 2020
Grain Processing (Milling, Starch, Flour, Malt)
The proposed investment is a US$30 million equivalent A-loan to Xiang Nian Foods Co. Ltd. (“XN”, or the
“Company”), an existing portfolio client of IFC. Headquartered in Nanyang, Henan Province, XN is a manufacturer of dried wheat noodles. With the support from IFC’s financing, XN successfully established the Phase I of a new dried noodle factory in Zhenping county, Henan Province. The proposed IFC’s investment is critical in meeting the remaining capital expenditure and working capital needs for this new factory.
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Local Access of Project Documentation
Longshen Ave. Longshen Industry Park, Nanyang City, Henan Province, China