Project detail - ECOM AGROINDUSTRIAL CORPORATION LTD

ECOM AGROINDUSTRIAL CORPORATION LTD

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Who is our client

Ecom Agroindustrial Corp. Ltd is a global commodity trading and processing company focusing on coffee, cotton, and cocoa in major producing and consuming countries, with ancillary agricultural operations in oilseeds and hogs (pigs). The company turnover in 2011 was in excess of US$4 billion and handled approximately 11 million bags of coffee, 2 million bales of cotton and 250,000 tons of cocoa, making it a top tier participant in each of its core businesses. With over 150 years of market experience, Ecom is committed to responsible leadership within the soft commodities industry. Its global operations rely on its extensive knowledge and experience in supply chain improvement, risk management and client focused distribution to create a valuable and profitable environment for suppliers, customers, shareholders and employees.

Funding objective

FMO is providing a US$ 75 mln senior syndicated facility for Ecom Agroindustrial, the Switzerland based holding company for the Ecom Group, one of the world's largest traders and processors of coffee, cocoa and cotton. Besides FMO (US$ 25mln), CDC and DEG participate for equal amounts. Ecom will use these funds to finance inventories and suppliers in their African and Central American operations, in support of their inclusive business model that focusses on long term relationships with smallholder producers in emerging markets.

Why we fund this project

A third of the world's 7.3 billion people are smallholder farmers who produce nearly 70% of all food consumed worldwide on 60% of the planet’s arable land. This group of farmers is vital to satisfy the increased demand for food of our growing world population, yet they represent the majority of the poorest and hungriest people on earth. Ecom works directly with cocoa, coffee and cotton farmers and supports them in becoming better farmers through GAP training, certification and a strong focus on the off take of quality products. FMO works together with Ecom to develop and test KPI’s to be able to measure the impact of the company’s activities on smallholder livelihood.

More investments

Date Total FMO financing
12/11/2020 USD 60.00 MLN
11/29/2018 USD 10.00 MLN
12/14/2017 USD 35.00 MLN
12/21/2016 USD 20.00 MLN
Website client
http://www.ecomtrading.com
Country
Global
Sector
Agribusiness, Food & Water
Signing date
12/22/2014
Total FMO financing
USD 25.00 MLN
Fund
FMO
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)
A