Home Valency International Trading SARL Valency International Trading SARL In brief Valency International is an international Integrated Supply Chain management company in agri-commodities and agri-input sectors with subsidiaries in 15 countries and a diversified product portfolio. With this financing, the company is setting up a new state-of-the-art cashew processing plant to produce cashew kernel nuts and cashew nut shell liquid oil in Cote d’Ivoire. Through this investment, Valency is expected to become one of Cote d'Ivoire's largest cashew kernel nut processors. Main development impact The project is expected to generate significant development impacts. Valency will increase domestic cashew nut processing capacity in Cote d’Ivoire, create quality jobs, particularly for low-skilled workers, especially women, and develop supply chains relying on smallholder cashew producers in rural areas.Valency is committed to responsible business practices and developing sustainability and transparency in the cashew supply chain. This includes, for instance, identifying and managing environmental and social risks and climate risks.Valency will work closely with smallholder farmer cooperatives and is committed to developing their cooperation with farmers and their organisations, as a clear majority of the cashews will be produced by smallholder farmers, mainly in the Eastern and Northern regions of Cote d’Ivoire.With a processing capacity of 45,000 tons, the company is expected to generate approximately 2,000 direct jobs and cooperate and provide income for up to 10,000 smallholders. Due to the large capacity, the company is expected to reach up to 5% of the cashew farmers in the country.In terms of managing climate risks, cashew trees are considered good crops to enhance resilience and adaptation to climate change, e.g., to prevent erosion. In some cases (e.g. degraded land), planting cashew trees can also be considered climate mitigation.The investment is expected to develop sustainable cashew production and processing in Cote d’Ivoire. Previously, cashews were mainly exported for processing to, e.g. Vietnam and India. Valency’s processing unit will increase the value addition in Cote d’Ivoire, improve the balance of payments, and strive to contribute to the country's overall economic growth. Investment details Name: Valency International Trading SARL Project number: 80000330 Region: Africa Country: Cote dIvoire Sector: Agriculture Signing date (month/year): April 2022 Currency: USD Finnfund's financing (commitment): 10,000,000 Instrument: Loan Size of the project financing: EUR 20,000,000 Share of Finnfund's financing (%): 50 % Status: Active Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.April Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Valency International Trading SARL Sector: Agriculture Region: Africa Country: Cote dIvoire Currency: USD Finnfund's financing (commitment): 10,000,000 Signing date (month/year): April 2022 Last update: September 2022