Manuka Dairy

pending

Rimu S.A. (“Manuka” or the “Company” - https://manuka.cl/en/home) is Chile’s largest milk producer, with annual output of 193 million liters, 3 livestock breeding centers, 59 milking parlors, 22,981 permanent grasslands and 60,255 heads of cattle, including cows, calves and bulls. By leveraging a New Zealand-style pasture-based system, Manuka integrates advanced technology and sustainable practices, positioning Chile’s dairy sector for sustainable climate-smart growth. The proposed IFC investment consists of an IFC A-loan of up to CLP 55 billion (approximately US$65 million equivalent) to support Manuka’s investment program (the “Project”) that will enable Manuka to expand operations in Los Lagos and Los Rios regions. The Project aims to: i) enable increase milk production by 15% through expanded young stock rearing and expansion of permanent grassland up to 250 Ha, ii) promote formal jobs and inclusive growth in these underserved regions, and iii) reduce Chile’s reliance on dairy imports, strengthening food security.The project is located within a 28,847-hectare milk farm, including 5,866 Ha of native forest conservation, in the regions of Los Lagos and Los Rios, southern Chile, near the municipalities of Puerto Octay and Osorno. The company’s operations include 59 production sites, three centers for calf breeding and 21 areas devoted to operational support activities.