World Bank Group’s International Finance Corporation (IFC) is proposing a USD 150 million loan to New Hope Singapore Pte Ltd to finance the expansion of animal feed production capacity in five targeted countries: Vietnam, Egypt, Bangladesh, Cambodia, and Nepal.
The expansion will involve installing new production lines in selected existing feed mills in all five countries and constructing new feed mills in Vietnam and Egypt, all new mills will be constructed within industrial parks.
The overseas arm of New Hope Liuhe
New Hope Singapore is a wholly owned subsidiary of China’s New Hope Liuhe Co Ltd, part of the New Hope Group, a long-standing strategic partner of IFC.
New Hope Singapore serves as the overseas arm of the corporate, owning and operating 48 facilities including 39 operational feed mills and several broiler breeding farms and hatcheries, across 14 countries outside China.
In the targeted countries, New Hope Singapore currently owns and operates 22 feed mills, along with a few other facilities including broiler breeding farms and hatcheries.
Only for feed production
Proceeds from the IFC loan will be used solely to expand production at existing feed mills and to construct new animal feed mills within industrial parks in the targeted countries as described above. No other facilities will be financed under this project.
The production of animal feed involves milling raw materials (such as corn and soybean meal), mixing, steaming, pelletizing, and air-blown cooling. Much of the operation is enclosed and automated with a central control system, which minimizes the involvement and exposure of workers.
Subscribe now to the technical magazine of animal nutrition
AUTHORS
Consistency in Soybean Meal Drives Performance and Sustainability
Anna Cotcho
Kolin Plus FC: greener choline nutrition for poultry
Middle East conflicts disrupt global feed markets
Edgar Oviedo
Optimizing nutrition for dairy goat and sheep productivity in Cyprus
Carolina Kyriacou
pHix-up improves rumen stability in dairy cows
Subacute ruminal acidosis
Net energy and growth: keys to better prediction in swine production
Gabriela Martínez
How starch structure & protein reduction shape gut health in weaned pigs
Diana Luise
Astaxanthin supplementation in aquaculture
Babatunde Saliu
What is intestinal health?
Marcos Rostagno
Calcium, phosphorus, and phytase optimization in broiler diets
Anna Cotcho
