Xiang Nian (IFC-38881)

  • China
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
Bank Risk Rating
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.
The holder of the loan, grant, or other investment.
  • Agriculture and Forestry
  • Construction
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 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)
$ 47.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 11, 2019

Disclosed by Bank Apr 26, 2017

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Project Description

The proposed investment is a $10 million equity investment in Henan Xiang Nian Foods Co. Ltd (“XN”), a Chinese wheat based noodle manufacturer with a total production capacity of 100,000 tons of dry noodles per annum located in Nanyang City, Henan Province. XN produces wheat noodles by combining wheat flour, salt, water, heating, forming, air drying, sizing and packaging into 500, 750, 900 and 1000 gram packets intended for retail sale. Collection of wheat and distribution of end product is conducted by XN with its own vehicle fleet. The existing XN factory is located within a city authority-designated industrial park. In 2015 XN acquired a milling company, Henan Khong Guan Cereal and Oil Food Products Co. Ltd (HKG) that will supply 45% of wheat flour needs to the noodle factory, balance of wheat flour is sourced from other commercial mills in the province. The wheat supply base is 95% from Henan province with the balance of grain demands purchased through traders. The HKG mill is located within the suburban fringe of Nanyang.

The proposed investment is to support land purchase, XN noodle factory expansion 140 mu (or 9.5 hectares,) within the designated industrial zone, and working capital.

The scope of the appraisal is XN and HKG the (“group”.)

Investment Description

Contact Information


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