São Paulo, Brazil, May 30, 2014 - IFC,
a member of the World Bank Group, invested BRL 45.8 million in Asa Alimentos
to support expansion of its poultry and pork meat production in the regions
of North and Midwest of Brazil. IFC’s investment includes a BRL 30 million
loan and a $ 6.8 million quasi-equity line (equivalent to BRL 15.8 million).
IFC’s investment will support the increase of Asa’s production capacity
by around 110% and resume operation of the company’s slaughtering facility
in Tocantins, helping to create additional 2500 jobs and involving 240
outgrowers. In addition to the financing, IFC is advising Asa in the improvement
of its corporate governance standards.
“We are very pleased to welcome IFC’s investment and advisory in our
expansion plan. Sustainability is a key element of Asa Alimento’s strategy,
and IFC plays an important role to support it”, says Aroldo Amorim Filho,
CEO of Asa Alimentos”.
“Agribusiness is a strategic priority for IFC because of its potential
for development and poverty reduction”, says Hector Gomez Ang, Country
Manager for IFC Brazil. “Asa’s project will help support sustainable
food supply and increased food availability in Brazil.”
Brazil’s animal protein industry produces around 25.2 million tons yearly,
76% of which is slated to the internal market. The country is also the
world’s third largest poultry producer and the exports leader, delivering
to 142 countries.
IFC’s agribusiness strategy focuses on strengthening food security and
rural incomes by improving productivity in agriculture, promoting inclusive
growth, and helping companies adopt good environmental and social practices.
In 2013, IFC’s investment in the agricultural sector supported employment
of 421,500 people, including 124,000 women, and reached 3.1 million farmers
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in more than 100 countries, we use our capital, expertise and
influence to help eliminate extreme poverty and promote shared prosperity.
In FY13, our investments climbed to an all-time high of nearly $25 billion,
leveraging the power of the private sector to create jobs and tackle the
world’s most pressing development challenges. For more information, visit
About Asa Alimentos
Asa Group, founded by Aroldo Silva Amorim, has more than 40 years of experience
in the poultry business and 20 years in the livestock business. The Company
has a long history in developing the poultry and livestock businesses in
the Midwest and North of Brazil. Asa Alimentos is today one of the largest
Brazilian Companies in the sale and production of hatching eggs, having
also in its portfolio day-old-chicks and frozen poultry and pork products
which are sold under the Bonasa brand, which has over 160 items in its
product portfolio derived from poultry and pork. In 2012 it launched a
new gourmet line with various cuts of marinated pork products, created
from special recipes and with unique seasonings.