BGK

completed

Belgrankorm Holding Ltd. (BGK or the company), one of the leading agro-industrial meat producers in Russia, has requested IFC’s assistance in financing its corporate-wide expansion aimed at satisfying rapidly growing domestic demand via doubling production of meat, grain and milk by 2010. The project involves:- expansion of poultry breeder, broiler farms and hatcheries; - start up of a new poultry production complex in Northern Russia; - expansion of growing pig farms; - construction of a pork slaughter house and processing plant; - expansion of dairy farms; - expansion of crop land for grain growing; - acquisition of agricultural machinery and equipment; - expansion of feed mill capacity, and - working capital increase and refinancing of the existing debt.