Summary of Proposed Investment
Project Number
26427
Company Name
BELGRANKORM, OOO
Date SPI Disclosed
Nov 12, 2007
Country
Russian Federation
Industry
Agribusiness and Forestry
Projected Board Date
Dec 13, 2007
Status
Completed
Sector
Poultry Farming
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Feb 7, 2008
Signed : May 29, 2008
Invested : Jun 4, 2008
Project Description
Belgrankorm Holding Ltd. (BGK or the company), one of the leading agro-industrial meat producers in Russia, has requested IFC’s assistance in financing its corporate-wide expansion aimed at satisfying rapidly growing domestic demand via doubling production of meat, grain and milk by 2010.
The project involves:
- expansion of poultry breeder, broiler farms and hatcheries;
- start up of a new poultry production complex in Northern Russia;
- expansion of growing pig farms;
- construction of a pork slaughter house and processing plant;
- expansion of dairy farms;
- expansion of crop land for grain growing;
- acquisition of agricultural machinery and equipment;
- expansion of feed mill capacity, and
- working capital increase and refinancing of the existing debt.
The project involves:
- expansion of poultry breeder, broiler farms and hatcheries;
- start up of a new poultry production complex in Northern Russia;
- expansion of growing pig farms;
- construction of a pork slaughter house and processing plant;
- expansion of dairy farms;
- expansion of crop land for grain growing;
- acquisition of agricultural machinery and equipment;
- expansion of feed mill capacity, and
- working capital increase and refinancing of the existing debt.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
For more information, contact Elena Kochura, Chief Accountant at the company’s office at:
BEZRK-Belgrankorm Agroholding
1 Borisovskoye Shosse
Proletarsky
Rakitianksy area
Belgrorodsky region
309300 Russia
The hard copies of the ESRS and ESAP will be made available at the following location:
- Belgorod City Library, 14 ul. Nikolaia Ostovskogo, Belgorod 308000, Russia
- Rakityanskaya Library, 20 ul. Proletarskaya, Rakitnoye 309310, Belgorod region, Russia
- Borisovskaya Library, 2a ul. Pervomaiskaya, Borisovka 309340, Belgorod region, Russia
- Yakovlevskaya Library, 1a, ul. Yubileinaya, Stroitel 309070, Belgorod region, Russia
- Shebekinskaya Library, 12 Rzhevskoye Shosse, Shebekino, Belgorod region, Russia
“Nasha Zhizn”, regional newspaper, Rakitianksy area, Belgrorod region
“Nasha Letopis”, corporate publication, BEZRK-Belgrankorm agroholding.
The electronic versions of the ESRS and the ESAP will be available for public review on IFC’s website and the company’s website www.jasnzori.ru
BEZRK-Belgrankorm Agroholding
1 Borisovskoye Shosse
Proletarsky
Rakitianksy area
Belgrorodsky region
309300 Russia
The hard copies of the ESRS and ESAP will be made available at the following location:
- Belgorod City Library, 14 ul. Nikolaia Ostovskogo, Belgorod 308000, Russia
- Rakityanskaya Library, 20 ul. Proletarskaya, Rakitnoye 309310, Belgorod region, Russia
- Borisovskaya Library, 2a ul. Pervomaiskaya, Borisovka 309340, Belgorod region, Russia
- Yakovlevskaya Library, 1a, ul. Yubileinaya, Stroitel 309070, Belgorod region, Russia
- Shebekinskaya Library, 12 Rzhevskoye Shosse, Shebekino, Belgorod region, Russia
“Nasha Zhizn”, regional newspaper, Rakitianksy area, Belgrorod region
“Nasha Letopis”, corporate publication, BEZRK-Belgrankorm agroholding.
The electronic versions of the ESRS and the ESAP will be available for public review on IFC’s website and the company’s website www.jasnzori.ru
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster