PROJECT

Projects

Summary of Investment Information

Project Number

42467

Company Name

ADECO AGROPECUARIA S.A.

Date SPI Disclosed

Mar 27, 2020

Country

Argentina

Region

Latin America and the Caribbean

Projected Board Date

Apr 28, 2020

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jan 22, 2026

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : May 13, 2020
Signed : Jun 30, 2020
Invested : Oct 29, 2020

Sector

Dairy Products

Project Description

IFC is providing a loan to Adeco Agropecuaria S.A., Pilaga S.A, and L3N S.A. (jointly referred to as “Adeco” or the “Company”). Adeco is currently investing in the expansion of its dairy production capacity as well as in further downstream dairy integration in Argentina. The company has requested IFC to extend an A/MCPP Loan of up to US$100 MM to finance: (i) the expansion of its milk production facilities (two new free-stalls in the Santa Fe Province); (ii) the acquisition of two milk processing facilities and brands from local cooperative SanCor, located in the cities of Morteros and Chivilcoy; and (iii) upgrade investments in the acquired facilities.

Associated Advisory Engagement

IFC has engaged with Adeco for an Energy Efficiency Advisory Service. The advisory consists of (i) identifying and evaluating cost-effective energy efficiency investment opportunities related to industrial refrigeration and friendly refrigerants to be implemented in the dairy processing plants, and (ii) estimating the carbon footprint and advicing on ways to reduce it as well as reducing the environmental impact and possibly leading to cost savings, providing advice to support the development of a monitoring framework and protocols for the estimation and public disclosure of GHG Footprint.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation