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SMTP Madagascar

Sector: Raw Materials • Location: Madagascar

Source: International Finance Corporation (IFC)

Project
Active

SMTP Group Madagascar is a conglomerate of 20 companies and 1,200 employees and annual revenues of around US$33.5 million. In the agribusiness sector, the Group owns three key subsidiaries, Agrival (animal feed), Agrifarm (day old chicks (“DOC”) for poultry/ broilers) and Mabel (slaughterhouse), (collectively “the companies”).SMTP’s 2014-16 investment program (“the project”) includes: Agrifarm:

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The project “SMTP Madagascar” is an infrastructure initiative in the Raw Materials sector, located in Madagascar. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Description

Description

SMTP Group Madagascar is a conglomerate of 20 companies and 1,200 employees and annual revenues of around US$33.5 million. In the agribusiness sector, the Group owns three key subsidiaries, Agrival (animal feed), Agrifarm (day old chicks (“DOC”) for poultry/ broilers) and Mabel (slaughterhouse), (collectively “the companies”).SMTP’s 2014-16 investment program (“the project”) includes: Agrifarm: a doubling of its DOC production capacity to 200,000 DOCs/ week for poultry and broiler production;Agrival: Expansion of its animal feed production business; andMabel: Development of a greenfield integrated poultry slaughterhouse to produce chicken meat and processed chicken products. The slaughterhouse is expected to have a production capacity of 1000 birds per hourThe proposed IFC investment would be a senior loan of US$3million to support the companies’ poultry expansion project described above.

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