Original disclosure @ IFC website
Updated in EWS Sep 6, 2022
Disclosed by Bank May 17, 2022
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Founded in 1984, Bar LTD Magen (“Bar Magen” or the “Company”) is involved in the development, manufacturing, and marketing of livestock feed’ vitamin premix, concentrate and additive (e.g., amino acid, minerals, etc.). It is headquartered in Israel (http://www.bar-magen.com/en), with a subsidiary in Nigeria (“Agro Bar-Magen Nigeria” or “ABMN”) - http://agrobarmagen.com/) which started its operations in 2009. The Nigeria facility has a premix and concentrates factory, a warehouse, offices, and a quality assurance / control (QA/QC) laboratory. ABMN produces vitamin and protein premixes and imports a wide range of additives and raw materials for the Nigerian feed industry. IFC is considering a loan of up to US$ 4.0 million to support ABMN expansion in Nigeria. This will include the (i) construction of additional warehouse (approximately 2,600 m2); (ii) installation of new production lines for mineral blocks, salt licks, vitamins, and mineral premixes withing the existing facility; (iii) enhancement of a laboratory to serve clients with feed analysis (the “Project”).
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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