Company name
Empresas Ariztía
Project number
13720-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Chile
Sector
Agribusiness
Status
In implementation
Disclosed date
02/25/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/19/2022
Approval date
04/19/2022
Signed date
05/13/2022
Sponsoring entity
Agrícola Ariztía Ltda.
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
USD
Project scope and objective
The proposed financing consists of a Long-term Senior Loan to Empresas Ariztía, for up to US$20 million and a maximum term of 10 years, for the company's investment program for the years 2021 and 2022, aimed at increasing production, implementing new technologies and efficiencies, improvements in terms of animal welfare, as well as their maintenance investments. Additionally, a second loan, which consists of a committed revolving line to finance working capital for up to US$30 million, with an availability period of 65 months, disbursements within 390 days, and intended to finance working capital related to the line bird genetics.
Empresas Ariztía is one of the main poultry producers in Chile, with national and export sales, and value-added products in chickens, turkeys and cured meats. The company is vertically integrated in the production chain, from the production of the feed, through the incubation, fattening and processing of poultry meat, to the distribution and sale of the final product. In addition to poultry products, it also sells eggs, mushrooms, cheeses, butter, vegetables and other meats.
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
gerenciafinanzas@ariztia.com
PHONE NUMBER
+56 2 637 8000
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ARIZTÍA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
337.9 Kb
ARIZTÍA - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
215.0 Kb
CLIMATE RISK SCREENING - EMPRESAS ARIZTIA - 13720-01-COMBINED
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