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Smithfield Roman

Sector: Water Supply and Storage • Location: Romania

Source: International Finance Corporation (IFC)

Project
Completed

IFC is considering a $60 million investment to be allocated to Smithfield Romania (“SFR” or the “Company”) and its subsidiaries, Smithfield Ferme (“Ferme”) and Smithfield Prod (“Prod”). SFR, a wholly owned subsidiary of Smithfield Foods, is the largest hog producer and fresh pork processor in Romania, producing about 1 million pigs in 2013. SFR, which sells its fresh pork meat and semi processed

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The project “Smithfield Roman” is an infrastructure initiative in the Water Supply and Storage sector, located in Romania. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Company

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Status

Original status

completed

Taiyo status

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Description

Description

IFC is considering a $60 million investment to be allocated to Smithfield Romania (“SFR” or the “Company”) and its subsidiaries, Smithfield Ferme (“Ferme”) and Smithfield Prod (“Prod”). SFR, a wholly owned subsidiary of Smithfield Foods, is the largest hog producer and fresh pork processor in Romania, producing about 1 million pigs in 2013. SFR, which sells its fresh pork meat and semi processed pork meat under the Comtim brand, controls about 54 farms and a modern pork meat processing plant. SFR’s operations are fully integrated from hog production to meat processing.IFC’s funds will go towards the restructuring of SFR’s loans to facilitate long-term financing, optimize its capital structure, and support SFR’s growth plans to expand its farms and processing facilities in Romania.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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