Capital Corp Merchant Banking Signs $10 Million Funding Agreement with Caniin Suriname NV
Capital Corp Merchant Banking signs $10M funding agreement for parboiled rice manufacture. Parboiled rice fetches a premium price compared to cargo and white rice due to its attraction to the upper and middle-income brackets.
Orlando, FL, December 24, 2010 --(PR.com)-- Capital Corp Merchant Banking (http://www.capitalcorpmerchantbanking.com ) is pleased to announce that is has entered into a $10 million funding agreement with Caniin Suriname NV to build a state-of-the-art parboiling plant in the district of Nickerie, Suriname.
With this investment, Caniin Suriname will be the only active, producing parboiled rice plant in the country. The rice plant will be fully automated and the investment includes infrastructural land works, buildings, machinery, transport equipment, spare parts, and pre-production costs. The total investment amount is project to be a little over USD $10 million and has a calculated IRR of 27%. The supplier and construction supervision of the production facilities will be in the hands of Super Brix (http://www.superbrix.com/en/index.php), an experienced Columbian Rice processing equipment manufacturer.
Caniin Suriname plans to export its rice to the Caricom countries (Trinidad and Tobago, Jamaica, Barbados, St. Vincent, Grenada, Guyana) and also non-traditional markets, namely Haiti and Brazil. From a market standpoint parboiled rice fetches a premium price compared to cargo and white rice, due to its attraction to the upper and middle-income brackets; it is also consumed the most in the Caribbean countries. The general superior quality of parboiled rice is likely to result in increased demand in substitution of white rice. Its geographical size is just under 64,000 sq.mi. and has an estimated population of less than 500,000 people. Over the past few years, Suriname has had a relatively low inflation rate and a stable macro-economic situation due to the government's sound economic-monetary policies.
For more information on the country, see http://www.surinameembassy.org. World rice consumption in 2010/2011 is expected to be at around 445m tonnes. Assuming similar growth rates in subsequent years, world rice consumption is forecast to rise to almost 457m tonnes by 2012/13. Consistent with increased rice uptake, experts expect that global traded volumes will continue expanding over the coming years (source: http://news.reportlinker.com/n04020644/Commodities-EIU-s-monthly-rice-outlook.html#).
About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking has developed close working relationships with groups of Professionals: Specialists in Finance, Commercial Risks Insurance and Re-Insurance, International Accounting Firms and Law Firms, and the largest Valuation Firm in the world. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. Capital Corp Merchant Banking offers many services: Project Financing, Consulting, Due Diligence, Evaluation of a Business, Negotiating Services, Acquisitions, Investment Approach, and Presentation Reports as well. For further information, please visit our website.
About Mr. Gilles Herard Jr: Mr. Gilles Herard Jr. who with his 35 plus years in Banking has developed the necessary Professional and Political “Contacts” in the Industry and leads Capital Corp Merchant Banking as it’s Founder, President and CEO.
www.gillesherardjr.com
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With this investment, Caniin Suriname will be the only active, producing parboiled rice plant in the country. The rice plant will be fully automated and the investment includes infrastructural land works, buildings, machinery, transport equipment, spare parts, and pre-production costs. The total investment amount is project to be a little over USD $10 million and has a calculated IRR of 27%. The supplier and construction supervision of the production facilities will be in the hands of Super Brix (http://www.superbrix.com/en/index.php), an experienced Columbian Rice processing equipment manufacturer.
Caniin Suriname plans to export its rice to the Caricom countries (Trinidad and Tobago, Jamaica, Barbados, St. Vincent, Grenada, Guyana) and also non-traditional markets, namely Haiti and Brazil. From a market standpoint parboiled rice fetches a premium price compared to cargo and white rice, due to its attraction to the upper and middle-income brackets; it is also consumed the most in the Caribbean countries. The general superior quality of parboiled rice is likely to result in increased demand in substitution of white rice. Its geographical size is just under 64,000 sq.mi. and has an estimated population of less than 500,000 people. Over the past few years, Suriname has had a relatively low inflation rate and a stable macro-economic situation due to the government's sound economic-monetary policies.
For more information on the country, see http://www.surinameembassy.org. World rice consumption in 2010/2011 is expected to be at around 445m tonnes. Assuming similar growth rates in subsequent years, world rice consumption is forecast to rise to almost 457m tonnes by 2012/13. Consistent with increased rice uptake, experts expect that global traded volumes will continue expanding over the coming years (source: http://news.reportlinker.com/n04020644/Commodities-EIU-s-monthly-rice-outlook.html#).
About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking has developed close working relationships with groups of Professionals: Specialists in Finance, Commercial Risks Insurance and Re-Insurance, International Accounting Firms and Law Firms, and the largest Valuation Firm in the world. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. Capital Corp Merchant Banking offers many services: Project Financing, Consulting, Due Diligence, Evaluation of a Business, Negotiating Services, Acquisitions, Investment Approach, and Presentation Reports as well. For further information, please visit our website.
About Mr. Gilles Herard Jr: Mr. Gilles Herard Jr. who with his 35 plus years in Banking has developed the necessary Professional and Political “Contacts” in the Industry and leads Capital Corp Merchant Banking as it’s Founder, President and CEO.
www.gillesherardjr.com
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Capital Corp Merchant Banking
Gilles Herard
407-540-0142
www.capitalcorpmerchantbanking.com
Gilles Herard
407-540-0142
www.capitalcorpmerchantbanking.com
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