Norson II

completed

Norson Holdings S. de R.L. de C.V. (“Norson” or the “Company”), is one of the leading integrated pork producers and processors in Mexico, and has a feed mill, farms, and slaughtering and meat processing facilities based around Hermosillo, Sonora.  Norson is 50% owned by Smithfield Foods Inc., the world’s largest pork producer and processor and 50% by Grupo Mazon, a Mexican business group. The project includes: (i) expansion of Norson’s production capacity; (ii) development of new farms required to provide the capacity expansion, adaptation of some existing farming facilities and development of out-grower relationships with third parties; (iii) increasing slaughtering capacity at the processing plant; (iv) increasing the feed mill capacity; and (v) completing an ongoing project to add liners to the farms’ effluent lagoons. This would be IFC’s second investment with Norson.  IFC’s previous investment in 2013 helped to support modernization and expansion of the processing facilities in Hermosillo.  The environmental and social review summary (ESRS) for IFC’s earlier investment is available for review at the following link:   https://disclosures.ifc.org/#/projectDetailESRS/1002