Company name
Granja Tres Arroyos S.A.
Project number
AR3884A-01
N/A
E&S category
N/A
Country
Argentina
Sector
Agribusiness
Status
In implementation
Disclosed date
05/01/2009
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/02/2009
Approval date
06/16/2009
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
USD $ 27,500,000
Financing amount
USD $ 8,000,000
Currency
USD
Project scope and objective
Granja Tres Arroyos is an Argentine-owned company that breeds and raises chickens. Its production has grown 84% over the past five years; in 2008 it processed some 375,000 chickens a day. GTA, the largest producer of poultry meat in Argentina, sells its products on the domestic and international markets and exports approximately 35% of its production. GTA’s payroll has grown at a steady pace and totaled more than 3,000 people in December 2008.
The IIC would be providing financial support for GTA in the form of an US$8 million loan that would be used principally to fund GTA’s investment plan. GTA’s vertical integration encompasses the entire supply chain, so investments must be made in virtually all stages of the production process. For this reason the IIC project will seek to help GTA expand its breeding, laying, hatchery, feed, processed products, and slaughter operations in order to increase its production capacity and add more value added products to its product mix.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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