IFC partners with Western European sponsors on projects in the manufacturing, agribusiness, and services sectors, which contribute to reduce poverty and promote sustainable growth in emerging markets.
IFC arranged a $500 million financing package to LD Celulose, a joint venture between Austrian leader for wood-based cellulosic fibers Lenzing and Brazil-based Duratex S.A, to build one of the largest dissolving wood pulp plants in the world in Minas Gerais State, Brazil. IFC’s investment will help strengthen the competitiveness of the pulp industry in Brazil and support job creation. In addition, LD Celulose’s cogeneration plant will contribute to increasing the share of sustainable biofuels and renewable energy in the country’s energy mix, enhancing diversification and contributing to the efforts to mitigate climate change.
IFC committed a green financing package of about €205 million to WDP, a Belgian real-estate investment trust, to support construction of around one million square meters of resource-efficient semi-industrial and logistics properties across Romania. IFC’s investment will facilitate growth of the e-commerce, warehousing, and distribution sectors, the business process outsourcing market, and the automotive and retail industries in Romania. The investment will also increase competitiveness and productivity, as well as support the country’s construction industry. In addition, the EDGE certification of WDP’s portfolio in Romania is expected to result in at least 20% savings in energy and water in the buildings and in the energy used to produce the building materials, as well as reduction in utility costs.
IFC committed an A loan of $11 million to Grainpulse, a Ugandan company specialized in coffee and grain supply chain management, human and animal nutrition and local fertilizer blending, to support the company’s ongoing $17.6 million investment program, which includes the expansion and completion of a maize mill, animal feed mill and a grain storage facility. The German company K+S AG, one of the world's leading suppliers of fertilizers and salt products, is a shareholder of Grainpulse Limited. IFC’s investment will help to improve access to markets for local smallholder farmers and increase the supply and delivery of quality crop-specific fertilizer in Uganda.