Camil Expansion (IFC-45514)

  • Ecuador
Geographic location where the impacts of the investment may be experienced.
Specific Location
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Camil Alimentos S/A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 45.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 45.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 24, 2022

Disclosed by Bank Feb 1, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed investment consists of a US$45 million A Loan to Camilatam Ecuador (the Company), a food company in Ecuador and a wholly owned subsidiary of Camil Alimentos SA (the Sponsor or Camil). The proceeds will be used to finance i) the acquisition of the rice assets of Dajahu, a family-owned company operating a rice processing facility and grain elevators (capacity of 45,000 MT) in Ecuador, andTransportesRonaljavhu (transport company), and ii) financing of working capital needs in that country (the Project). The rice processing facility,covering an area of 34,000 m2 and located in an established industrial zone in Guayaquil, receives, weighs, cleans, andpackages rice. The annual production capacity is 120,000 tonnes of rice. The finished product, sold as bulk, is for the domestic market and is distributed to various areas of the country,mainly the Sierra region. The truck business includes 20 trucks for bulk and big bags of pre-processed rice. In the process, mechanical procedures are used through machinery and equipment andmanual procedures are performed by operating personnel.The project also entails the provision of working capital to enableDajahu to fuel growth and source its raw materials.Camil Alimentos SA, headquartered in Sao Paulo, Brazil, is a regional food producer with operations in Brazil, Chile, Peru and Uruguay. The proposed investment will support the South-South expansion strategy of the Sponsor, with its first investment in Ecuador, bringing higher operational and Environmental & Social (E&S) standards at Dajahu. The acquisition was closed in mid-August 2021 and financed with a bridge loan. Since Camil acquired only a portion of Dajahu's assets, these were separated on to a trust called FideicomisoMercantilDajahu 2 (Dajahu 2 or the company), which is the entity acquired by Camil Alimentos S.A.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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