Summary of Proposed Investment
Project Number
11649
Company Name
SEF Hagar Soya
Date SPI Disclosed
Jul 31, 2002
Country
Cambodia
Industry
Agribusiness and Forestry
Projected Board Date
Aug 30, 2002
Status
Completed
Sector
Other Food
Department
Regional Industry - MAS Asia & Pac
Environmental Category
B - Limited
Previous Events
Approved : May 5, 2003
Signed : May 21, 2003
Invested : Jun 23, 2003
Project Description
The project is to incorporate Hagar Soya as a private company and expand it by establishing a soy milk manufacturing plant employing new processing and packaging technology. The new plant will expand the current production capacity from 1,200 liters per day to 12,000 liters per day and will produce soy milk in 150 milliliter Combibloc paper carton drink boxes.
The project will have a significant development impact in Cambodia. In ACLEDA (project #9675), IFC successfully converted an NGO into a commercial bank, which IFC supported extensively through advisory work, investments, and by arraging financing. In the proposed project, IFC will seek to demonstrate the feasibility of converting NGOs'' income generating activities into private companies operating on a commercial basis. The project will ensure the company long-term sustainability and also support Hagar''s social activities by creating jobs and re-investing the dividends received by Hagar NGO from the company.
The project will have a significant development impact in Cambodia. In ACLEDA (project #9675), IFC successfully converted an NGO into a commercial bank, which IFC supported extensively through advisory work, investments, and by arraging financing. In the proposed project, IFC will seek to demonstrate the feasibility of converting NGOs'' income generating activities into private companies operating on a commercial basis. The project will ensure the company long-term sustainability and also support Hagar''s social activities by creating jobs and re-investing the dividends received by Hagar NGO from the company.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Gregg Burgess
Manager Hagar Soya
Postal Address: P.O. Box 1521, Phnom Penh, Cambodia
Location: Street 163, House 9, Sangkat Olympic I, Phnom Penh, Cambodia
Phone: 855-23-217478
Fax: 855-23-217477
Manager Hagar Soya
Postal Address: P.O. Box 1521, Phnom Penh, Cambodia
Location: Street 163, House 9, Sangkat Olympic I, Phnom Penh, Cambodia
Phone: 855-23-217478
Fax: 855-23-217477