Banvit II

completed

Banvit is an integrated poultry producer and an existing IFC client. Banvit is seeking financing from IFC to upgrade its poultry processing operations and associated facilities in Turkey including slaughterhouses, further processing plants, feed mills and cold storage facilities in Bandirma and Izmir. In Romania, Banvit is building a hatchery, parent stock farms, feed mill and sales centers to support its poultry operations. Banvit also plans on expanding its red meat business in Turkey by establishing a 24,000 head cattle feedlot in Bandirma and upgrading its feed mills in Izmir and Bandirma to produce ruminant feed. Slaughtering and processing of red meat is performed under contract by others. A limited quantity of red meat is processed at the Bandirma facility. Banvit is largely in compliance with local occupational health and safety and environmental regulations as well as applicable WB/IFC guidelines. The company directly employs about 1,900 employees in its Turkey operations and has exclusive contractual arrangements for the operation of 500 broiler and 200 breeder farms which provide employment to numerous others. Banvit maintains ISO 9001, ISO 14001 and HACCP certification for its processing operations in Turkey. Banvit has committed considerable resources toward implementing an avian flu action plan that seeks to increase awareness, provide training to contract farmers and enhance bio-security measures taken in contracted farms, processing plants and adjoining areas. It has a communication plan to inform and update consumers through mass media advertisements and provides traceability information on all its poultry products.