Haid Intl

completed

Founded and headquartered in Guangdong since 1998, Guangdong Haid Group Co., Ltd (“ Haid ”) is one of China's leading animal and aqua feed producers, with sales of US$4 billion and market capitalization of US$3.7 billion. The Project is to expand Haid's overseas aqua feed operations in the developing countries.  Haid International Group Limited (“ Haidco ”) is one of Haid's overseas subsidiaries, the key channel for Haid's overseas aqua feed expansion, and the borrower of the IFC Loan. The Project will be carried out by Haidco's operating subsidiaries and/or affiliates in the respective developing countries (collectively called “ Haid Intl ”). Specifically, Haid will add 2 shrimp feed lines and 1 fish feed line in Vietnam, and construct 1 new shrimp feed mill in India. Haid's overseas aqua feed capacity will hence increase from the current 200,000 MT to no less than 450,000 MT.  The total project cost is estimated at US$103 million, including capital expenditures and working capital (re)financing.