CEHAVE KORM LTD
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Cehave Korm Ltd. was established in 2004 as a 50/50 joint venture between Nuscience NV (100% subsidiary of Agrifirm Cooperative, a producer of animal feed) and Theeuwes Holding BV (an existing Tier 1 FOM client in the Ukraine). Cehave Korm’s objective is to deliver compound animal feed to the animal husbandry sector in the Ukraine, with emphasis on the pig sector. The presence of Cehave Korm Ltd. is important for the Ukrainian husbandry sector as it produces high quality feed and feed supplements. In addition to the supply of feed Cehave Korm Ltd. is also important for its knowledge of other essential aspects for high pig yields, such as farm management and diseases.
What is our funding objective?
To maintain its strong position in the Ukrainian husbandry feed sector Cehave Korm Ltd. has decided to expand their production plant in the Ukraine. By expanding the production plant from a capacity of 2,500 MT per month to 3,500 MT per month Cehave Korm Ltd. will be able to increase their off-take market in the Ukraine.
Why do we fund this investment?
By providing Cehave Korm Ltd. with additional financing FOM indirectly contributes to increasing the supply of high quality (pig) meat in the Ukraine and the development of Ukrainian small and medium enterprise production for the primary sector, as well as bringing this particular (sub)sector to a higher technical level. The shareholders, being at the same time FMO’s guarantors, are first-class agricultural companies from the Netherlands and Belgium.
- Region
- Europe & Central Asia
- Country
- Ukraine
- Sector
- Agribusiness, Food & Water
- Effective date
- 6/27/2013
- End date
- 2/16/2017
- Total FMO financing
- USD 2.30 MLN
- Funding
- Fund Emerging Markets
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B