Norson II Project

General

Norson Holdings, S. de R.L. de C.V. (Norson or the Company), an existing IFC client, is one of the largest integrated pork producers and processors in Mexico. Norson is a good portfolio client with a key global strategic partner (Smithfield) which plays an active role in the Companys operations. The project will expand and upgrade operations of Norson. The project includes (i) expanding Norson's production capacity, (ii) developing the required new farms for capacity expansion and adapting some of the existing facilities, (iii) increasing slaughtering capacity at the processing plant, (iv) increasing its feed mill capacity; and (v) installing plastic liners at the waste lagoons.

Objectives

(i) Reorganizing and increasing the Company's production system and debottlenecking pig production to improve biosecurity, animal welfare, management of sanitary conditions, and labor efficiency. (ii) Increasing land productivity. The lands for developing the new farms are currently sub utilized or not developed. The new facilities will be a sustainable and financially sound way to procure a correct use of natural resources. (iii) Employment generation primarily in rural areas and for women (currently 44% of its total workforce). (iv) Increasing the availability of pork meat and value added products in the local and international markets.