According to the bank, IDB Invest's operation consists of a loan in favor of Agripac S.A. ("Agripac" or "The Company") for up to US$20 million with an eight-year term and guarantee on the land and industrial balanced feed and pet food facilities. The funds from the loan will be used to finance: (i) a new line of pet food and a palletizing and bagging robot for balanced shrimp feed; (ii) acquisition of land for logistical improvements in the sale and storage of finished products; (iii) construction of corn storage silos and warehouses for soybean paste storage; (iv) expansion to new points of sale in Ecuador; and (v) implementation of SAP Logistics aligned with Agripac's digitalization strategy.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
Dr. Alfredo Noboa
Industrial Safety Manager
General Cordova No. 623 and Padre Solano,
Guayaquil - Ecuador
Eng. Dennys Gonzalez
SGI Corporate Coordinator
Tel. 3703870 Ext.6245
Cell phone 0997048369
For project inquiries, including environmental and social issues related to an IDB Invest transaction, please contact the client (see Investment Summary sheet), or IDB Invest via email email@example.com.
As a last resort, affected communities have access to IDB Invest's Independent Consultation and Investigation Mechanism using the following email address firstname.lastname@example.org or MICI@iadb.org, or by calling the telephone number +1(202) 623-3952.