BGK

completed

BGK (Belgrankorm Holding Ltd) one of Russia’s leading integrated agro-industrial meat producers, has requested IFC’s assistance in financing its corporate expansion aimed at satisfying rapidly growing domestic demand via doubling production of meat, grain and milk by 2009. The project involves: - expansion a poultry broiler and breeding farms, - expansion of pig farming operations, - construction of a pork and cattle slaughter house and processing facility, - expansion of dairy operations, - expansion of agricultural land for grain growing from 67,000 to over 100,000 ha, and - acquisition of agricultural machinery and equipment. With the proposed project the company plans to increase poultry production from 74,000 tons per year (tpy) to 150,000 tpy, pork production from 15,000 tpy to 40,000 tpy, to double milk production to 25,000 liters to per annum, and broaden its product offering through the introduction of higher valued-added processed products.