Bel Ga Myanmar

completed

Established in 1911, De Heus Animal Nutrition BV (“De Heus” - http://www.deheus.com), is amongst the fifteen largest feed companies 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 referred to as the “sponsors”), formed Bel Ga Vietnam in 2013 to produce high quality Day-Old-Chickens (DOCs). Currently, Bel Ga Vietnam operations are concentrated in south-central Vietnam, which comprise of 2 breeding farms and a hatchery. IFC is considering an investment in Bel Ga Vietnam to support its brownfield expansion. Environmental and Social Review Summary for this investment is disclosed on the IFC’s projects disclosure website under project #38011: Bel Ga Vietnam.Thanks to its success in Vietnam, De Heus has plans for expansion to other countries in the South East Asian region. It has already established De Heus Myanmar Ltd. which will have its new feed mill up and running in Myanmar by September 2016, while being in the process of establishing Bel Ga Myanmar Ltd. (or the “company”) together with Belgabroed to produce Day Old Chickens for the independent local farmers.IFC is considering an investment in Bel Ga Myanmar to support the construction of a new parent stock (PS) breeding farm with a capacity of 96,000 PS and a new hatchery facility with a capacity of 12 million DOCs per annum in Myanmar (the “ project”).The company is in the process of identifying the land required for the project in a suitable industrial zone near Yangon. The total land requirement for the breeder farm and the hatchery is expected to be 12 ha, and will be leased from the industrial estate authority or purchased outright from a private seller using a market-based willing buyer/willing seller transaction. The breeder farm and the hatchery is expected to be operational by May/2017.