DUSHANBE, November 26, 2013, Asia-Plus — The International Finance Corporation (IFC) has signed an investment deal on the production of high-quality animal feed in Tajikistan with the subsidiary of CCPA Group (Conseils et Competences en Productions Animales).
The deal was inked here today by Mr. Moazzam Mekan, IFC Regional Manager for Central Asia Mr. Pierre Imhoff, Director, Nutristar/CCPA and Ms. Malika Jumayeva, General Manager of Nutristar Tajikistan LLC.
The project aims to establish a modern production of quality animal feed with initial capacity of 36,000 metric ton per year. Investments will include modernization, automation and capacity increase of an existing feed mill and raw materials storage facilities, which will be leased from Murghi Hilol JSC, a leading egg factory in Tajikistan. Initially it will be the major customer for Nutristar Tajikistan’s animal feed products. Over time client base is expected to increase as project will be targeting to supply a wider network of agricultural farms of Central Asia.
The project sponsor is CCPA Group (Conseils et Competences en Productions Animales), a leading French agricultural cooperative that focuses on R&D in animal feed sector. Operating since 1966 and headquartered in France, CCPA Group has strong R&D and ‘know how’ in animal feed and health related products. The Group produces variety of pre-mix, starter and nutritional supplements for key livestock segments.
Nutristar Tajikistan LLC was established in Tajikistan in May 2012. Sponsor owns 99% in the Project Company; the remaining 1% is owned by Tajik citizen, General Manager of the Company.
Total project cost is estimated at US$ 2.6 million. The proposed IFC investment is a senior loan of up to US$2.2 million for IFC’s own account.
