Translateed version of this PSD: Arabic
Provision of a long-term loan of up to USD 44 million or equivalent in the local currency of Egypt (the "Loan") to International Company for Agricultural Industries Projects (Beyti) JSC (the "Company" or "Beyti"), a company organized in Egypt and active in dairy and fruit juice processing.
The Company is ultimately owned 52% by Almarai Company, one of the largest integrated consumer food producers in the MENA region, headquartered in Saudi Arabia, and 48% by PepsiCo Inc., one of the largest beverage and snacks producers globally.
The Loan will support: (i) refinancing of existing short-term loans used for capex with a longer tenor loan more adapted to the Company's investment program, and (ii) capex investments to expand Beyti's dairy and juice production capacities and distribution network to strengthen its presence in the
Egyptian dairy and juice sectors.
The transition impact of the Project is expected to derive from its contribution to the inclusion and competitive qualities, namely supporting the company to: (i) enhance its corporate standards and business conduct through the promotion of equal opportunities policies and practices to increase women's participation in the company's workforce, and (ii) to support market expansion of dairy and juice sectors in Egypt through strengthening backward and forward linkages. This includes increasing production and raw milk and fruit concentrate purchases of the Company from local dairy farms and juice concentrate producers, and expanding logistics coverage of the Company in both sectors by increasing the number of distribution centres and delivery capacity and hence achieving a higher number of sales points in the country.
INTERNATIONAL COMPANY FOR AGRICULTURAL INDUSTRIAL PROJECTS JSC BEYTI
International Company for Agricultural Industries Projects (Beyti) JSC is a major dairy and juice producer in Egypt.
EBRD Finance Summary
A loan of up to USD 44,000,000 including a committed tranche of up to EGP 150,000,000 and uncommitted tranche for USD 35,500,000 or EGP equivalent.
Total Project Cost
Environmental and Social Summary
This project was categorised B as the environmental and social risks associated with the Company's activities are site specific and readily addressed through standard mitigation measures. Environmental and social due diligence on this project was undertaken by staff from the Bank's Environment and Sustainability Department and included meetings with Company staff at headquarters in Cairo and site visits to the Company's manufacturing facility in Nubareya.
Information provided demonstrates the following: An environmental impact assessment was prepared, in accordance with national requirements, when the facility was first constructed. New facilities planned by the Company have the required permits in place and do not need another environmental impact assessment. The Company is certified to a number of international standards including ISO 9001 for quality management, ISO 22 000 for food safety, ISO 14001 for environmental management and OHSAS 18001 for health and safety management. These systems are accompanied by appropriate policies and procedures and specialised staff in place at the Company to oversee the implementation of the systems. The Company is currently in the process of hiring an Environmental management. While quality, technical and environmental specifications are well integrated into supply chain management some improvements will be required to ensure that labour and other social issues are further developed with the supply chain management system. The Company's facilities are not a source of any significant pollution. The Company monitors, and reports on, a range of elements including wastewater discharges, air emissions and solid wastes and is compliance with the agreed limits. Water is sourced from the municipality, and water supply permits are in place. Beyti has 2 wastewater treatment plants (150m3/day and 90m3/day) installed at the manufacturing site. These meet national legal requirements and international standards for effluent concentrations in parameters such as pH, COD and TDS.
The Company has a strong health and safety culture, and has all the relevant and policies in place. As mentioned above, Beyti is OHSAS 18001 certified, and has a H&S manager, as well as 3 H&S officers. Lost time injuries and accidents are all documented and trainings are delivered to all staff. Beyti sets animal welfare and environmental standards that farms which are supplying milk are required to meet. An audit process is used to assess farms before they can supply milk to the company. A veterinary physician is required to be present at each farm. The Company's facilities are not a source of potential hazard to any neighbouring communities. The Company has a communication department that manages the different stakeholder engagement activities.
The ESDD identified a few actions to further align the Company with EBRD's Environmental and Social Policy. Those include the following: undertake an EHS risk assessment of the new production line and the new factory; enhance the training program with emphasis on environmental issues; include labour and environmental provisions in the suppliers audit checklist; ensure standards are set for farms on livestock management and animal welfare; correct occupational health and safety observations made while on site; review Equal Opportunities policies and practices to increase women's participation in Beyti's workforce; and formalise the current CSR efforts of the Company. The Company will submit annual E&S reports to the Bank to monitor its performance.
The Bank will provide Technical Cooperation ("TC") support to comprehensively examine the barriers to female employment in the Company's workforce in terms of recruitment processes, working environment, and career progression opportunities according to international best practice and help develop a gender action plan tailored to the Company's operations.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (email@example.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.