Viluco

repaid

The financing requested consist of a A Loan of up to US$6.5 million and a B Loan of up to US$23.5 million.The purpose of this IIC operation is to provide financing to Viluco to replace short-term liabilities the company acquired to complete a plant for producing soy flour, soybean oil, and biodiesel, with a nominal annual production capacity of up to one million tons.This project seeks to expand and diversify Viluco’s agricultural production through industrialization. Promoting agriculture is consistent with the IIC’s interest in contributing to the development of renewable energy production (biofuels).Established in 1973, Viluco is an Argentinian company that is part of Grupo Lucci, an agribusiness group. Viluco grows grains, with a harvest area of approximately 47,000 hectares, and also rears, breeds, and fattens cattle on approximately 30,000 hectares of land. It started to produce soy flour, soybean oil, and biodiesel in July 2010 at its plant in Frías, Santiago del Estero province, Argentina.