Amaggi was created in 1977 in the state of Mato Grosso by the Maggi Family and started its activities as a farming company. Since then, the Group’s operations evolved and its business model currently involves farming, sale of agricultural inputs, grain procurement including pre-financing farmers, grains processing and commercialization of grains through a series of elevators and integrated logistics and export facilities. The Group is also engaged in the production of energy through small hydro plants.

The Group is 100% owned by the Maggi family since its foundation.

 The investment plan is estimated in US$180 million, which will be financed by the proposed IFC investment.                                                                                                    

 Investments will be made in Amaggi’s farms located in the Mato Grosso state, Brazil.                                                  

 This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability as the potential adverse E&S risks and/or impacts which are generally site-specific, are largely reversible and can readily be addressed thorough mitigation measures as discussed below. Key E&S risks and issues for this project include (i) effective implementation of EHS management systems, (ii) potential workers agrochemical exposure and workers’ occupational health and safety (OHS) risks from farming and processing activities, (iii) fair and safe working conditions for employees and contractors, and (iv) stakeholder engagement and nearby community health and safety impacts.  Other E&S potential impacts include risk of cotton dust explosion and emergency response preparedness; agrochemical management; management of security forces, etc.