Original disclosure @ IFC website
Updated in EWS Sep 29, 2022
Disclosed by Bank Mar 18, 2021
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The proposed financing will support Procesadora Nacional de Alimentos CA (“Pronaca” or “the company”), a poultry and pork producer and processor. Pronaca’s operations are distributed over 115 operation centres: administrative offices (6, HQ in Quito), poultry and pork farms (61), processing plants (18), distribution centres (4), warehouses (13), laboratories (3), among others, located in 10 provinces of Ecuador. In addition, the company has 61 poultry contract farmers and one pork contract farmer. The proposed investment consists of a US$50 million loan to finance i) the company’s capital expenditures (CAPEX) during 2020/2022 and ii) funding to distributors (the project). Use of CAPEX is focused on improving efficiency and capacity expansions at its feed mills, pork farms and pork and poultry processing facilities.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Procesadora Nacional De Alimentos C.A. (PRONACA)||Client||Agriculture and Forestry|
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