The loan will finance New Hope Singapore’s expansion of animal feed production capacity in Vietnam, Egypt, Bangladesh, Cambodia, and Nepal.
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 capacity 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.
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.
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, pig farms, broiler breeding farms, and hatcheries.
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 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.
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