GXYX GFSP

active

The proposed IFC investment to Guangxi Yangxiang Co. Ltd (“GXYX or the “Company”) is up to US$47mn equivalent RMB A loan additional investment for working capital to four existing multi-story pig farm buildings with an annual production of 32,000 breeding sows and a feed mill with processing capacity of 200,000 metric tons to support existing pig farm operations. The four pig farms and feed mill are located in Yaji Mountain Forest Park, Guangxi Province. GXYX is a leading feed mill and hog producer in China. It was established in 1998 in Guigang City, Guangxi Autonomous Region. Its main business segments include breeding and commercial farming of pigs and manufacturing of pig feed. GXYX has 29 sow and 4 boar farms, and 15 feed mills, mainly located in Guangxi and Liaoning provinces. The Company has in-house pig breeding capacity of 230,000 sows and 6,000 boars. GXYX also works with 1,000 contract farmers with average production of 1,000 pigs/year. GXYX is a IFC portfolio client (https://disclosures.ifc.org/#/projectDetail/ESRS/38720; https://disclosures.ifc.org/project-detail/ESRS/43384/gxyx-asf). GXYX’s E&S performance against IFC’s Performance Standards requirements and implementation of E&S Action Plan (ESAP) in previous investments has been judged satisfactory.