GINI POTPLANTS DEVELOPMENT (HK)
Who is our client
Located in the southwest of China, Gini Potplants is a producer of anthurium potplants. The company is a subsidiary of Van den Berg Asia Holding, which is active in the growing of rose and cut-anthurium and is a local horticulture investor. Van den Berg is a Dutch family company that has been active for over 35 years in rose production. Gini Potplants expects to employ 100 people by 2014 and will provide year-round high quality anhturiums, which are scarcely produced in the local market.
FMO's financing will go towards expansion of operations. The company will invest in 2 hectares of greenhouses, inventory of young plants and a processing barn, and will produce high quality pot anthuriums that will be sold to the wholesale market. Gini Potplants targets the fast-growing Chinese home decoration market. As more Chinese families live urbanized areas and have more income, the average expendature on flowers and plants is expected to increase.
Why we fund this project
FMO's involvement has been integral to the expansion, as local financing is not available for companies without a local track record. Gini Potplants will contribute to skilled job creation and regular earnings in a predominantly rural area of China.
- Website client
- Agribusiness, Food & Water
- Signing date
- Total FMO financing
- EUR 1.20 MLN
- Fund Emerging Markets
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)