ECOM AGROINDUSTRIAL CORPORATION LTD
Status: Completed investmentWhy disclosure?
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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
Ecom Agroindustrial Corp. Ltd is a global commodity trading and processing company focusing on coffee, cotton, and cocoa in major producing and consuming countries, with ancillary agricultural operations in oilseeds and hogs (pigs). The company turnover in 2011 was in excess of US$4 billion and handled approximately 11 million bags of coffee, 2 million bales of cotton and 250,000 tons of cocoa, making it a top tier participant in each of its core businesses. With over 150 years of market experience, Ecom is committed to responsible leadership within the soft commodities industry. Its global operations rely on its extensive knowledge and experience in supply chain improvement, risk management and client focused distribution to create a valuable and profitable environment for suppliers, customers, shareholders and employees.
What is our funding objective?
FMO is providing a US$ 75 mln senior syndicated facility for Ecom Agroindustrial, the Switzerland based holding company for the Ecom Group, one of the world's largest traders and processors of coffee, cocoa and cotton. Besides FMO (US$ 25mln), CDC and DEG participate for equal amounts. Ecom will use these funds to finance inventories and suppliers in their African and Central American operations, in support of their inclusive business model that focusses on long term relationships with smallholder producers in emerging markets.
Why do we fund this investment?
A third of the world's 7.3 billion people are smallholder farmers who produce nearly 70% of all food consumed worldwide on 60% of the planet’s arable land. This group of farmers is vital to satisfy the increased demand for food of our growing world population, yet they represent the majority of the poorest and hungriest people on earth. Ecom works directly with cocoa, coffee and cotton farmers and supports them in becoming better farmers through GAP training, certification and a strong focus on the off take of quality products. FMO works together with Ecom to develop and test KPI’s to be able to measure the impact of the company’s activities on smallholder livelihood.
More investments
| Date | Total FMO financing |
|---|---|
| 12/11/2020 | USD 60.00 MLN |
| 11/29/2018 | USD 10.00 MLN |
| 12/14/2017 | USD 35.00 MLN |
| 12/21/2016 | USD 20.00 MLN |
| 11/7/2024 | USD 50.00 MLN |
| 11/7/2024 | USD 30.00 MLN |
- Website customer/investment
- http://www.ecomtrading.com
- Country
- Global
- Sector
- Agribusiness, Food & Water
- Effective date
- 12/22/2014
- End date
- 6/7/2022
- Total FMO financing
- USD 25.00 MLN
- Funding
- FMO NV
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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) - A