GINI POTPLANTS DEVELOPMENT (HK)
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Located in the southwest of China, Gini Potplants is a producer of anthurium potplants. The company is a subsidiary of Van den Berg Asia Holding, which is active in the growing of rose and cut-anthurium and is a local horticulture investor. Van den Berg is a Dutch family company that has been active for over 35 years in rose production. Gini Potplants expects to employ 100 people by 2014 and will provide year-round high quality anhturiums, which are scarcely produced in the local market.
What is our funding objective?
FMO's financing will go towards expansion of operations. The company will invest in 2 hectares of greenhouses, inventory of young plants and a processing barn, and will produce high quality pot anthuriums that will be sold to the wholesale market. Gini Potplants targets the fast-growing Chinese home decoration market. As more Chinese families live urbanized areas and have more income, the average expendature on flowers and plants is expected to increase.
Why do we fund this investment?
FMO's involvement has been integral to the expansion, as local financing is not available for companies without a local track record. Gini Potplants will contribute to skilled job creation and regular earnings in a predominantly rural area of China.
- Website customer/investment
- http://www.chcagri.com
- Region
- Asia
- Country
- China
- Sector
- Agribusiness, Food & Water
- Effective date
- 12/4/2012
- End date
- 8/28/2019
- Total FMO financing
- EUR 1.20 MLN
- Funding
- Fund Emerging Markets
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B