PROJECT

Projects

Summary of Proposed Investment

Project Number

29734

Company Name

Bioparques de Occidente, S.A. de C.V.

Date SPI Disclosed

Sep 30, 2010

Country

Mexico

Industry

Agribusiness and Forestry

Projected Board Date

Nov 1, 2010

Status

Completed

Sector

Fruits and Vegetables

Department

Gbl Ind, Manufact, Agribus & Services

Environmental Category

B - Limited

Previous Events

Approved : May 3, 2011
Signed : Jun 15, 2011
Invested : Sep 2, 2011

Project Description

Bioparques de Occidente, S.A. de C.V. (Bioparques or the company), a greenhouse tomato producer is undertaking a $12.5 million investment program to add 30 hectares of hydroponic greenhouses and a packing facility to its existing greenhouses in the state of Jalisco, Mexico. The investment includes acquisition of greenhouses and irrigation equipment, infrastructure and working capital.

This project is IFC’s second transaction with Bioparques and builds on a partnership begun in 2007, when IFC provided a $12 million loan to the Company.

Sponsor / Cost / Location

Development Impact