NAF Poultry

pending

  The proposed IFC investment is up to US$10 million C Loan (in US$) with an option to convert into equity shares of New Anthoney’s Farms Private Limited (“NAF” or the “Company”). NAF’s wholly owned subsidiary, New Anthoney’s Feeds Limited (“Feeds”) and NAF’s affiliate, Anthoney’s Meatlery Limited (“Meatlery”), will be co-borrowers to the C loan. IFC financing will support NAF’s expansion of their production capacity at existing broiler farms, improvement of operational efficiencies across all company assets, and expansion of their retail network. NAF is a family-owned business with a professional management team. Established in 1986 as a small farm with 1,000 birds, NAF has become one of the largest companies in Sri Lanka’s poultry industry, with a capacity of over 100,000 breeder birds in 2025. NAF is also Sri Lanka's first poultry producer to receive green certification, adhering to the Eight Green Commandments for poultry, which emphasize sustainable farming practices, the use of natural raw materials— antibiotics and growth hormones-free and—natural preservation, biodiversity protection, animal welfare compliance, and providing high amino acid foods to combat protein-energy malnutrition. NAF is one of the leading vertically integrated poultry farming businesses in Sri Lanka. NAF’s corporate office is located in Hanwella while NAF also operates a feed mill, several breeder and broiler farms, a hatchery, a network of out-growers for broiler farming, a slaughterhouse, a processing unit, and retail shops under the Anthoney’s brand at various locations in Western and Northwestern Sri Lanka. For processed chicken production, the company sources birds mainly from seven company-owned broiler farms, all located within 60 km of the slaughterhouse. These farms feature modern, tunnel-ventilated sheds, equipped to regulate temperature and ventilation, ensuring optimal bird welfare, health, and growth. Two of the company's broiler farms are in an Alliance for Zero Extinction (AZE) site for an endemic species of crab (Perbrinckia cracens)which is considered as critical habitat according to the Guidance Notes to Performance Standards on Environmental and Social Sustainability January 1, 2012. IFC conducted assessments of these farms’ wastewater management systems, and ecological surveys of the surrounding creeks and rivers to identify if the trigger species for the AZE site (Perbrinckia cracens) or any other priority biodiversity values could be affected by the project. IFC discussed the findings of these reports with the AZE Secretariat who supported the survey methodology and agreed with their recommendations. More information on biodiversity impacts and mitigations is provided in the main PS6 section below.