47415
SUGAL GROUP
May 4, 2023
Chile
Latin America and the Caribbean
Jun 5, 2023
B - Limited
Active
Aug 18, 2023
Regional Industry MAS LAC & EUR
Agribusiness and Forestry
Approved : Jun 13, 2023
Signed : Jul 3, 2023
Invested : Aug 16, 2023
Fruit and Vegetable Preservation or Processing (Canning, Freezing, Drying, Jams, etc.)
Sugal Chile Limitada (“Sugal Chile” or the “Company”) is the Chilean subsidiary of the Sugal Group (the “Group”), a tomato paste producer and exporter. The Group sources tomato in Spain, Portugal and Chile, and processes c.a.1.8 million tons of tomatoes per year.
The proposed IFC investment is composed of an up to USD25 million A loan and an up to USD25 million MCPP loan for Sugal Chile to finance its capex program and permanent working capital, including (i) a new tomato paste production line in Talca, (ii) the maintenance of the Tilcoco Plant, (iii) decarbonization of energy consumption, and (iv) processes reengineering (the “Project”).
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Local Access of Project Documentation
https://worldbankgroup-my.sharepoint.com/:f:/r/personal/cmendiz_ifc_org/Documents/04%20-%20Business%20Development/03-%20Chile/Sugal?csf=1&web=1&e=HOYqNT