GWFP Nitron 2022

active

 The proposed IFC investment consists of 2 unfunded participations totaling up to $80 million by IFC in 2 trade finance facilities in favor of Nitron Group Corporation (“Nitron” or the “Company”). The purpose of the facilities is to finance the purchase, storage and transportation of fertilizers by Nitron for sales mostly into Latin America and Africa (the “Project”). This would also be a renewal and increase of IFC’s previous trade finance facilities as provided to the Company since 2019. Nitron is a private international fertilizer merchant company headquartered in Greenwich, CT, USA with 40 years of operations. The core of Nitron’s business is fertilizer trading, and they are a major purchaser of various fertilizer products from Europe, China, Middle East, North Africa, and North America. The core of the Company’s sales network is in Latin America; however, in recent years the Company has become increasingly active in Africa. Nitron only trades fertilizers and is not involved in the manufacturing process.   Over 90% of products are traded in bulk with the remainder in containers. Nitron has more than 100 staff worldwide in 20 regional offices.