Where the impacts of the investment may be experienced.
Location: Bao Lam, Bao Loc City, Lam Dong province
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International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
- International Finance Corporation (IFC)
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-07-02
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: BEL GA JSC
The holder of the loan, grant, or other investment.
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Investment Type(s): Advisory Services, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 4.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 10.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
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Bel Ga JSC
Loc Son hatchery on a land area of 12,200 sqm or 1.2 hectares in industrial zone in Bao Loc city, Lam Dong province, with current production of 10.5 million DOCs per annum; (goo.gl/maps/tNPGcqtYLEM2)The breeder farms produce hatching eggs that are then hatched in the hatchery. Typical breeder farms have a number of poultry houses for roosters and hens. Nests are placed in the shed, usually in the center, so that the hens are attracted to the dark areas of the nest to lay their eggs. Hatching eggs produced in such breeding farms are collected and transferred in trays to the hatchery by special trucks under controlled hygienic conditions.The hatchery is a special building with controlled ventilation and quarantine conditions and machines for holding and incubating large numbers of eggs. DOCs coming out of hatchery are then picked up by the buyers, who are typically layer or broiler poultry farmers in Vietnam and Cambodia.IFC is considering an investment in Bel Ga Vietnam to support the expansion of its poultry breeding and hatching operations in Vietnam ("the project"), which will include:- Addition of 10 breeding houses or 96,000 PS;- Construction of one additional hatchery building and installation of equipment next to the existing hatchery in Loc Son in order to double the current hatchery capacity.The project will be implemented within the existing premises of breeding farms and hatchery, and no additional new land will be required. Also, the necessary utilities and supporting infrastructure already exists, which will be adequate for the facilities post-expansion.
- International Finance Corporation (IFC)
Established in 1911, De Heus Animal Nutrition BV ("De Heus" -http://www.deheus.com), is the 15th largest feed company in the world with operations in more than 50 countries. De Heus together with Belgabroed SA ("Belgabroed" -http://www.belgabroed.be), an established poultry breeding and hatchery company from Belgium (together with De Heus "sponsors"), formed a joint venture named BDH Asia in the Netherlands in year 2013, and set up a 100% subsidiary company in Vietnam called Bel Ga Vietnam (or "the Company") in 2013 to produce high quality Day-Old-Chickens (DOCs).
Currently, Bel Ga Vietnam operations are concentrated in south-central Vietnam, which comprise of:Parent stock ("PS") breeding farm in Loc Quang commune, Bao Lam district of Lam Dong province on an area of 9 hectares with current production of 72,000 PS; PS breeding farm in Loc Lam commune, Bao Lam district of Lam Dong province on an area of 9.5 hectares with current production of 48,000 PS.
Kay De Vreese
Bel Ga JSC
Loc Son Industrial Zone, Bao Loc City,
Lam Dong Province, Vietnam
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