PROJECT

Projects

Summary of Proposed Investment

Project Number

21901

Company Name

PROCESADORA NACIONAL DE ALIMENTOS C.A. PRONACA

Date SPI Disclosed

Mar 3, 2004

Country

Ecuador

Industry

Agribusiness and Forestry

Projected Board Date

Apr 8, 2004

Status

Completed

Sector

Animal Slaughtering and Processing

Department

Gbl Ind, Manufact, Agribus & Services

Environmental Category

B - Limited

Previous Events

Approved : Apr 22, 2004
Signed : Jun 29, 2004
Invested : May 13, 2005

Project Description

Procesadora Nacional de Alimentos C.A.-PRONACA (Pronaca or the comany) is a fully-integrated poultry and pork processor. IFC will provide financing for Pronaca to construct a new distribution center in Guayaquil and expand storage facilities in its Quito distribution center; upgrade the environmental standards of its farms and slaughterhouses, refinance short-term debt; and acquire a local company in the packaged meats sector.

Sponsor / Cost / Location

Development Impact