Processed Food & Beverages

IFC has worked on a wide range of processed foods projects, particularly in Latin America, Asia, and Eastern Europe. Projects included processing of fruit juices, production of ready-to-drink cups, bottled water, dairy products, essential oils, meat products, and convenience foods like noodles and snack foods.

IFC's strategic focus in the processed foods and beverages sector is on projects that can take advantage of locally sourced raw materials and provide an appropriate level of value-addition to the market requirements of a specific country or target export market. The transfer of state-of-the art food processing technology and improved sanitation standards are also considered important.

As of June 30, 2008, IFC's portfolio in this sector was $534 million or 24% of IFC's total agribusiness portfolio.

Project Examples

Croatia Belje/Agrokor Loan: $50 million Restructuring and modernizing two of Agrokor’s subsidiaries, PIK Vrbovec and Belje. Committed: 2008		Turkey Pinar Et Loan: $11 million Allow company to diversify into poultry and expand its value added product range to take advantage of the demand for white meat in domestic market. Committed: 1998
Egypt Sonut Loan: $1.4 million Expansion of carbonated soft drink and bottled water operations . Committed: 2006		Tanzania Bonite Bottlers Limited Loan: $10 million Expansion and improvement of bottling operations to meet Coca-Cola global requirements Committed: 2005
Indonesia PT Tirta Alam Segar (Wings II-TAS ) Loan: $7 million Construction of a plant to produce Ready-to-Drink cups Committed: 2006