The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to 260 million yuan (approximately $40 million) in China’s animal feed producer Anyou Biotechnology Group Co., Ltd, (Anyou), according to a disclosure.
The investment, a long-term A loan, will be used for Anyou’s project to expand its eco-friendly and antibiotic-free feed (eco-feed) capacity by 910,000 tonnes per annum in frontier regions in China (Guizhou, Gansu, Yunnan), and Hubei province. The total cost of the project is estimated to be $80 million.