Jiahe (IFC-40045)

  • China
Where the impacts of the investment may be experienced.
Specific Location
Suzhou, Jiangsu province
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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.
Voting Date
Oct 26, 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.
Suzhou Jiahe Foods Industry Co., Ltd.
The holder of the loan, grant, or other investment.
  • Agriculture and Forestry
  • Construction
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)
$ 25.00 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)
$ 82.00 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 Oct 6, 2017

Disclosed by Bank Sep 20, 2017

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Project Description
Suzhou Jiahe Foods Industry Co Ltd. (“Jiahe” or the “Company”) is China’s leading manufacturer of non-dairy creamer (NDC) – a key ingredient in packaged beverages, fresh bakery products and processed food. The Company is planning to invest US$82 million equivalent to: (i) upgrade its NDC production lines for capacity expansion; (ii) construct a new R&D center; (iii) set up a beverage mixture production line; (iv) build a freeze-dry coffee facility and (iii) add a modern warehouse (together, the “Project”). Upon completion of the Project, Jiahe’s NDC capacity will increase from 200,000 ton per annum (TPA) to 250,000 TPA. The labor force will increase from 410 to 660. Jiahe’s existing plant is in a well-established manufacturing industrial park for food products in Suzhou, China. All the proposed manufacturing expansions are within its current plant site. The nearest community outside the industry park is approximately 2 km away. The NDC manufacturing process mainly consists of mixing raw materials (milk powders, syrup, and edible oil, etc.) with water and drying processes. The instant coffee powder manufacturing process mainly consists of baking and grinding. The tea operation will only involve packaging of already refined tea leaves bought in bulk. Jiahe also purchased 78 mu (5.2 ha) land in an industrial/commercial area for a new administration building, a research and development (R&D) center, a warehouse, and a small bag packings for NDC, instant coffee, and tea.
Investment Description

Contact Information
Contact Person: Liu, Xinren Company Name: Suzhou Jiahe Foods Industry Co Ltd. Address: 127 Wufang Road, Friendship Industrial Park, Wujiang, Suzhou, Jiangsu, P.R.China, 215222 Email: tomliu@kingflower.com Phone: +86-51 2-63497711 Facsimile: +86-51 2-63497733 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/