The 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 in five targeted countries: Vietnam, Egypt, Bangladesh, Cambodia, and Nepal.
The expansion will install new production lines in selected existing feedmills across all five countries. In addition, new feedmills will be constructed in Vietnam and Egypt, located within industrial parks to ensure efficiency and compliance with local standards.
New Hope’s global reach
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.
As the overseas arm of the company, New Hope Singapore owns and operates 48 facilities across 14 countries outside China. These include 39 operational feedmills, broiler breeding farms, and hatcheries.
In the targeted countries, the company already owns and operates 22 feedmills alongside several poultry-related facilities like broiler breeding farms and hatcheries.
Focused on feed production
Proceeds from the IFC loan will be used exclusively for feed production. Funds will expand existing mills and construct new ones within industrial parks. No other facilities will be financed under this project.
Animal feed production involves milling raw materials such as corn and soybean meal, followed by mixing, steaming, pelletizing, and cooling. Much of the process is enclosed and automated, with central control systems that reduce worker exposure and ensure consistent quality.