Agronorte

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Agronorte (the Company) - https://www.agronorte.com/, is a Brazilian family-owned agribusiness with operations spanning grain trading, logistics, animal nutrition, grain storage, and inputs retail. The Company operates across 15 Brazilian states, and its footprint covers Tocantins and Para (North), Goias (Midwest), and Maranhao (Northeast). Agronorte sources its raw materials primarily from regional grain producers and cooperatives, focusing on soybeans and corn for its animal nutrition operations. IFC is considering a US$ 20 million loan to partially finance the acquisition of an already built animal nutrition facility (the Project) in the industrial district of Tres Coracoes, state of Minas Gerais, Brazil. The area is characterized by established industrial and logistics activities with no residential areas in the immediate vicinity. No Indigenous Peoples or Quilombola communities have been identified within the project’s area of influence.The Project site covers a total area of 529,000 m², including 244,000 m² of built-up area. The plant has a nominal capacity of 520,000 tons per year and is designed to produce pet, equine, livestock, and fish feed. The facility includes units for grain handling, milling, extrusion, drying, conveying and packaging. By the end of 2026, the factory is expected to employ 250 employees and 700 employees once it reaches full capacity.