Cibrafertil (IFC-38380)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 30, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Cibrafértil Companhia Brasileira de Fertilizantes.
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 22, 2018

Disclosed by Bank Apr 28, 2017


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Project Description

Companhia Brasileira de Fertilizantes (“Cibrafertil,” the “company”,http://www.cibra.com); the Brazilian manufacturer of granulated superphosphate and fertilizers blender headquartered in Salvador, Bahia; is the 5th largest fertilizer company in Brazil, and holds 3% of the market share. In August 2015, Cibrafertil acquired Agroindustrial São Luiz which more than tripled the size of Cibrafertil from 370k tons to 1,200k ton total annual capacity.
IFC’s proposed investment includes a corporate loan of up to US$ 40 million. The proceeds of this investment will be used to support the company’s investment program in 2016-2017, including (i) upgrading the existing SSP manufacturing facility at Camacari, Bahia; (ii) upgrading existing blending facilities; (iii) acquiring brownfield blending assets; and (iv) working capital needs.

Investment Description
  • International Finance Corporation (IFC)

Companhia Brasileira de Fertilizantes (“Cibrafertil,” the “company”, http://www.cibra.com); the Brazilian manufacturer of granulated superphosphate and fertilizers blender headquartered in Salvador, Bahia; is the 5th largest fertilizer company in Brazil, and holds 3% of the market share. In August 2015, Cibrafertil acquired Agroindustrial São Luiz which more than tripled the size of Cibrafertil from 370k tons to 1,200k ton total annual capacity.

Contact Information

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org.  You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/