FDBusiness.com

€50 Million Loan For Polish Dairy Co-operative

 Breaking News
  • Nestlé UK Launches New On-trend Flavours Nestlé has introduced two new on-trend flavours to its much-loved Munchies brand in the UK and Ireland. Available in 101g sharing bags, new Munchies Chocolate Fudge Brownie and Munchies Cookie Dough are the first new Munchies products since 1996. The new flavours were created at Nestlé’s confectionery sites in York and Fawdon, Newcastle. Munchies Brand Manager [...]...
  • Dedicated Industry Forums Take on Packaging’s Hottest Topics Experts from major brands, such as Coca-Cola, Ella’s Kitchen and REN Clean Skincare, will take to the stage as part of the dedicated industry forums for the beauty, food and drink sectors at Packaging Innovations and Luxury Packaging London 2019. The show, which returns to Olympia on 11 & 12 September, will tackle the key subjects [...]...
  • Greene King Being Sold For £2.7 Billion CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of [...]...
  • The Hershey Company Takes Minority Stake in Irish Snacking Brand The Hershey Company, the US-based food group, has made a minority investment in Fulfil Holdings, the owner of the snacking brand FULFIL. Headquartered in Dublin, Ireland, FULFIL has rapidly grown since its inception, now outselling many traditional chocolate snack bar brands in the UK and Ireland and named a top 50 consumer brand in Ireland. Brian [...]...
  • UK Restaurant Numbers Drop Again as Consumer Tastes Shift Britain’s restaurant numbers have fallen for the sixth quarter in a row, the new edition of the Market Growth Monitor from CGA and AlixPartners reveals. Independent operators have borne the brunt of the closures with group-owned restaurants proving more resilient despite some major brand failures. The quarterly survey of the country’s supply of licensed premises reports a 3.4% drop in [...]...

€50 Million Loan For Polish Dairy Co-operative

€50 Million Loan For Polish Dairy Co-operative
January 03
09:50 2017

The European Investment Bank (EIB) is lending €50 million (some PLN220 million) to dairy co-operative Mlekpol, Poland’s largest dairy manufacturer, for the construction of a powdered dairy production plant in Eastern Poland.  The EIB financing for the 2200 employee co-operative is guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the European Commission’s Investment Plan for Europe.

With the EIB’s backing, Mlekpol will construct a new milk processing facility to allow for more efficient production of higher value added dairy products. The estimated production capacity is three million litres of milk and whey per day. The investment launch is planned for 2018, while full production capacity is expected to be achieved by mid-2019. The new powdered dairy products production facility will manufacture specialised products such as high purity whey and milk protein, as well as high-quality baby food. About 160 people will be employed in the new plant. The total investment cost is estimated to be over PLN400 million.

“Mid-sized companies like Mlekpol are not only important in their regions, they are the backbone of Europe’s growth and employment,” says EIB vice-president Vazil Hudák, responsible for the bank’s activity in Poland. “Often, such companies find it unjustifiably hard to obtain finance suited to their needs. One of the EIB’s top priorities is to address this. In order to offer tailor-made financing solutions for our customers, we strive to develop innovative products, and we are delighted to see that core initiatives like the EFSI deliver right where they are needed.”

“Development of the Mlekpol Dairy Co-operative is the priority of our business strategy. The construction of the powdered dairy products production plant in Mrągowo is a big step in this direction. Thanks to the support of the European Commission and the co-financing of the investment under the so-called Juncker Plan by the European Investment Bank, we are taking this step more confidently. Our cooperation with the EIB is going very smoothly,” remarks Edmund Borawski, chairman of the board of Mlekpol Dairy Co-operative in Grajewo.

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

Jobs: Finance

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements