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FCS Risk Envelope Bar Magen

Sector: Raw Materials • Location: Nigeria

Source: International Finance Corporation (IFC)

Project
Completed

The proposed investment consists of a senior secured A Loan of up to USD 4.5 million to Bergman Industries Limited (“BM Group” or the “Group”), leading animal feed premix manufacturer and feed additives distributor with operations in Israel and Nigeria. The investment will support BM Group’s USD 4.9 million expansion in Nigeria in (i) increasing premix production capacity by 3000MT and concentrate

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Project Information

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The project “FCS Risk Envelope Bar Magen” is an infrastructure initiative in the Raw Materials sector, located in Nigeria. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Description

Description

The proposed investment consists of a senior secured A Loan of up to USD 4.5 million to Bergman Industries Limited (“BM Group” or the “Group”), leading animal feed premix manufacturer and feed additives distributor with operations in Israel and Nigeria. The investment will support BM Group’s USD 4.9 million expansion in Nigeria in (i) increasing premix production capacity by 3000MT and concentrates production capacity by 2000MT in Nigeria; (ii) increasing the warehouse capacity by 2,600 m2; (iii) setting up a state-of-the-art laboratory; (iv) expanding the on-ground technical support team and enhancing the market outreach; and (v) meeting permanent working capital (together, the “Project”).

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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