Company name
Austral Food S.A.
Project number
CH3754A-01
N/A
E&S category
N/A
Country
Chile
Sector
Agribusiness
Status
Completed
Disclosed date
02/02/2007
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/06/2007
Approval date
04/10/2007
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 6,000,000
Currency
USD
Project scope and objective
Austral Food processes and exports fresh/refrigerated and frozen fish, particularly deep-sea cod, albacore, southern hake, salmon, and a variety of other fish and seafood. Austral Food purchases fresh fish from local independent fishermen and international suppliers. At its plant, Austral processes and packages the fish according to the clients’ requests and either freezes the product or ships it fresh/refrigerated to international markets. A percentage is sold locally.
Austral requested an IIC loan of US$3 million to finance working capital. Austral has found new sources to supply fish, which will allow it to significantly increase sales. To do so the company needs to finance a larger inventory and accounts receivable, since raw materials are purchased on a cash basis.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ENVIRONMENTAL AND SOCIAL REVIEW
45.7 Kb