Project Name：FIPEISF-Agribusiness Account-Subproject 2: DFF Taze Ay Extension

Project status：Projects in Operation

Cooperating Country：West and Central Asia, Turkmenistan

Project Description：

The project is to finance Taze Ay company’s estimated capex investment needs for FY 2016 ,which include i) acquisition of additional meat processing equipment; ii) parallel expansion of the logistics network and storage capacity; iii) additional investments into PoS fridges; and iv) working capital.
Taze Ay is the leading producer of meat and bakery products in Turkmenistan and the largest local client of the EBRD in the country.

Project Objectives：To facilitate Taze Ay's investment into additional meat processing equipment, expansion of the logistics network and storage capacity and the PoS fridges.

Executing Agency：EBRD

Implementation Arrangement：The loan is admainistrated by the EBRD and executed by Taze Ay for the intended purpose.

Phone：886-2-28886073

E-mail：y.c.su@icdf.org.tw

Projected Benefits：1. The Borrower will obtain ISO 22000 certification as part of its intention to start exports to the neighbouring countries.
2. The Project assumes procurement of additional equipment, which will automate the supply of water for the steam generation. In turn, this will result in saving of 1.5 hour for each cycle of the sausage production (or additional production of 7 tons of sausages per day for the plant), better use of water and reduce the electricity consumption.

3. The Company plans to start export of up to 20 tonnes of the sausages and processed meat products from 2018.