NAF Poultry (IFC-48881)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Sri Lanka
Geographic location where the impacts of the investment may be experienced.
Specific Location
Hanwella; Western and Northwestern Sri Lanka
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Voting Date
Aug 1, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
New Anthoney's Farms Private Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 10.00 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.
Loan Amount (USD)
$ 10.00 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)
$ 22.00 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 Jul 9, 2025

Disclosed by Bank Jul 2, 2025


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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.

As stated by the IFC, New Anthoney's Farms Private Limited (NAF or the Company) is currently implementing a capital expenditure program for capacity expansion, improvement in operational efficiencies and expansion of its own retail network (the Project).

The proposed IFC investment is up to US$10 million C Loan (in US$) with an option to convert into equity shares of New Anthoney’s Farms Private Limited. NAF’s wholly owned subsidiary, New Anthoney’s Feeds Limited and NAF’s affiliate, Anthoney’s Meatlery Limited, will be co-borrowers to the C loan. IFC financing will support NAF’s expansion of their production capacity at existing broiler farms, improvement of operational efficiencies across all company assets, and expansion of their retail network.

NAF is Sri Lanka's first poultry producer to receive green certification, adhering to the Eight Green Commandments for poultry, which emphasize sustainable farming practices, the use of natural raw materials— antibiotics and growth hormones-free and—natural preservation, biodiversity protection, animal welfare compliance, and providing high amino acid foods to combat protein-energy malnutrition.

NAF is one of the leading vertically integrated poultry farming businesses in Sri Lanka. NAF’s corporate office is located in Hanwella while NAF also operates a feed mill, several breeder and broiler farms, a hatchery, a network of out-growers for broiler farming, a slaughterhouse, a processing unit, and retail shops under the Anthoney’s brand at various locations in Western and Northwestern Sri Lanka. For processed chicken production, the company sources birds mainly from seven company-owned broiler farms, all located within 60 km of the slaughterhouse. These farms feature modern, tunnel-ventilated sheds, equipped to regulate temperature and ventilation, ensuring optimal bird welfare, health, and growth.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

As stated by the IFC, two of the company's broiler farms are in an Alliance for Zero Extinction (AZE) site for an endemic species of crab (Perbrinckia cracens) which is considered as critical habitat according to the Guidance Notes to Performance Standards on Environmental and Social Sustainability January 1, 2012. IFC conducted assessments of these farms’ wastewater management systems, and ecological surveys of the surrounding creeks and rivers to identify if the trigger species for the AZE site (Perbrinckia cracens) or any other priority biodiversity values could be affected by the project. IFC discussed the findings of these reports with the AZE Secretariat who supported the survey methodology and agreed with their recommendations.

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

As stated by the IFC, the proposed Project plan runs over 6 years from FY2025 to FY2030 and has a total estimated cost of US$22 million. Proposed investment of US$10 million will fund part of the Project cost. The proposed investment is a US$10 million C Loan (in US$) from IFC and GAFSP with an option to convert into equity shares of NAF. NAF's subsidiary, New Anthoney's Feeds Limited and NAF's affiliate Anthoney's Meatlery (Pvt) Limited will be co-borrowers to the C loan.  

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, New Anthoney's Farms Private Limited (NAF or the Company) is a poultry farming business in Sri Lanka and consists of a feed mill, breeder farms, a hatchery, broiler farms, a network of out-growers for broiler farming, a slaughterhouse, a further processing unit, and retail shops under the Anthoney's brand. Established in 1986 as a small farm with 1,000 birds and a manual production facility, NAF has grown over the past 40 years to become one of the largest players in Sri Lanka's poultry industry.

NAF is a family-owned business, privately held by the founder, Mr KA Emil Stanley and his wife, Mrs SMD Marie S Lakshmee. One co-borrower, New Anthoney's Feeds Limited is a wholly owned subsidiary of NAF and the other co-borrower, Anthoney's Meatlery (Pvt.) Limited is an affiliate of NAF. There are no other companies or affiliates of the NAF Group.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - New Anthoney's Farms Private Limited (NAF) Client Agriculture and Forestry

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

Client - New Anthoney’s Farms (Private) Limited:

Neil Suraweera - CEO
Phone: +94112406006
Email: neil@newanthoneys.lk
Address: No 13, Tittapattara, Hanwella, Sri Lanka
Website: www.anthoneys.com  

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

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