Project detail - NEDSPICE PROCESSING VIETNAM LTD

NEDSPICE PROCESSING VIETNAM LTD

Status: Completed investment
Back to map

Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

In case of questions

In case of questions, please contact us at disclosure@fmo.nl

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

Nedspice is a privately owned group of companies with activities in the processing of spices, herbs and dehydrated vegetables. The group is headquartered in The Netherlands and operates processing factories in India, Vietnam and The Neherlands. Its business activities include sterilization, grinding and distribution of single origin spices like black and white pepper, ginger, chillies, nutmeg and others.

What is our funding objective?

Nespice Vietnam is seeking to expand its business activities in Vietnam. The FMO loan will be used for the construction of roofing and addtional storage capacitiy, new sterilizing machinery and a new ginding method that uses a cryogenic milling machine.

Why do we fund this investment?

Commercial banks are not prepared to finance the planned investments of Nedspice abroad because of the country risk. FMO's financing fills a gap and is in line with the goals of empowering entrepreneurs and creating access to finance.

Website customer/investment
http://www.nedspice.com
Region
Asia
Country
Viet Nam
Sector
Agribusiness, Food & Water
Effective date
3/19/2014
End date
11/30/2020
Total FMO financing
USD 1.80 MLN
Funding
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)
B+