Natfood CJSC Operation
Armenia | Consumer Staples- Identification Code:
- OP/08/0694
- Total Operation Cost:
- — USD
- Maturity:
- 91 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date7.000.000 USD – 04 Apr 20082.100.000 USD – 15 Jun 20191 USD – 20 Sep 20132.500.000 USD – 20 Sep 2013420.000 USD – 21 Jun 20141.500.000 USD – 23 Jul 20104.000.000 USD – 24 Mar 20151.400.000 USD – 27 Apr 2012
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BSTDB Signed Amount – Signed Date-1.500.000 USD – 31 Dec 2010-750.000 USD – 31 Mar 20141 USD – 16 Dec 20131 USD – 26 Feb 20141.400.000 USD – 24 Jun 20121.500.000 USD – 27 Aug 20102.500.000 USD – 13 May 20152.500.000 USD – 16 Dec 2013420.000 USD – 18 Aug 20147.000.000 USD – 17 Jul 2008750.000 USD – 09 Nov 2016
-
Status:Active
- Description and Purpose of the Operation:
- BSTDB provided a term debt financing to NatFood CJSC, a closed joint stock company established for the purpose of a construction and operation of a new meat processing plant in Armenia. The plant shall consist of several technological lines specialized in the production of fresh packaged meat, smoked sausage, canned meat and semi-finished meat products.
- Countries of Operation:
- Armenia (100,00%)
- Financial Product:
- Loans,Equity Investments
- Sector:
- Consumer Staples
- Domain:
- Private
- Borrower/Client:
- Nat Food CJSC (the "Project Company"), has been established in 2006 for the purpose of the Project.
- Co-Financers/Participants:
- EBRD
- Guarantors/Sponsors:
- Mr. Henrikh Zakharyants is an Armenian entrepreneur and a sole owner of NatFood CJSC and Valletta LLC.
- Developmental and Regional Cooperation Impact:
- This operation will contribute to the establishment of a modern meat processing plant that will be designed, built and operated in accordance with the best international standards and practices. New jobs will be created as a result of the implementation of the Project. The Operation will contribute to improving standards in the Armenian food processing sector. It is expected that the Project Company will enlarge the local distribution network, particularly in the neighbouring countries, primarily, Georgia and Russia, which is in compliance with BSTDB mandate to promote economic cooperation and trade among member countries in the Black Sea region.
- Environmental Classification and Impact:
- The Operation has been screened according to the BSTDB's Screened as B0, with few limited EH&S impacts, which are site specific and readily mitigated. The Borrower received all the necessary approvals and licenses necessary to start building the Meat Processing Plant. During construction stage the Borrower is observing the necessary impact minimization measures, such as dust and noise reduction, and worker health and safety. The project technical documentation specifies the Environmental, Health & Safety (EH&S) measures to be followed during operation of the Plant. These refer to air emissions, water discharges, workers health and safety, as well as product safety and hygiene arrangements. The Borrower will install modern equipment for meat processing and storage. The Borrower is required to remain compliant at all times with applicable Armenian EH&S rules and regulations; and report on annual basis on overall EH&S performance.
- Operation Leader:
- General Industries, Transport, Tourism 1
- E-mail:
- gitt1@bstdb.org
As of 28 Feb 2026
