Contribute Information
Can you contribute information about this project?
Contact the EWS Team
As stated in the project disclosure page, IFC is proposing a US$150 million loan to New Hope Singapore Pte Ltd (NHS) to finance the expansion of animal feed production capacity in five targeted countries: Vietnam, Egypt, Bangladesh, Cambodia, and Nepal.
The expansion will involve installing new production lines in selected existing feed mills in all five countries and constructing new feed mills in Vietnam and Egypt, all new mills will be constructed within industrial parks.
In the targeted countries, NHS currently owns and operates 22 feed mills, along with a few other facilities including broiler breeding farms and hatcheries. Proceeds from the IFC loan will be used solely to expand production at existing feed mills and to construct new animal feed mills within industrial parks in the targeted countries as described above. No other facilities will be financed under this Project.
The production of animal feed involves milling raw materials (such as corn and soybean meal), mixing, steaming, pelletizing, and air-blown cooling. Much of the operation is enclosed and automated with a central control system, which minimizes the involvement and exposure of workers.
As stated by the IFC, the total Project cost is estimated to be US$214 million. IFC's proposed investment is an A Loan of up to US$150 million. The balance of the Project cost will be financed by internal cash generation.
As stated by the IFC, New Hope Singapore Pte Ltd (NHS) is one of the largest animal feed producers in Southeast Asia. NHS is a wholly owned subsidiary of New Hope Liuhe Co., Ltd., part of the New Hope Group, a long-standing strategic partner of IFC. NHS serves as the overseas arm of the Corporate, owning and operating 48 facilities including 39 operational feed mills and several broiler breeding farms and hatcheries, across 14 countries outside China.
NHS is wholly owned by New Hope Liuhe Co., Ltd. (NHLL). Mr. Liu Yonghao and family is the sponsor and controlling shareholder of NHLL.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| New Hope Group | Parent Company | Agriculture and Forestry | owns | New Hope Singapore Pte Ltd | Client | Agriculture and Forestry |
Client - New Hope Singapore Pte Ltd:
Mr. Li Yunhua - General Manager
Phone: +6569082418
Email: liyunhua@newhope.cn
Address: 114 Lavender Street, CT hub 2, #05-86, Singapore 338729
Website: http://www.newhopeliuhe.com/
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
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
