FDBusiness.com

€50 Million Loan For Polish Dairy Co-operative

 Breaking News
  • Sysco Grows European Business Sysco Corporation is to acquire Kent Frozen Foods, a successful UK-based food service distributor with revenue in the year ended 31st December 2016 of £47 million. The acquisition, which is conditional upon approval from the Competition and Markets Authority, will see Kent Frozen Foods join Sysco’s other UK businesses, including Brakes, Fresh Direct and M&J [...]...
  • Nestlé Nominates Three New Independent Directors to its Board Nestlé has announced that it proposes Pablo Isla, Chief Executive Officer of Inditex; Kasper Rorsted, Chief Executive Officer of adidas; and Kimberly A. Ross, former Chief Financial Officer of Baker Hughes, for election to its Board of Directors. The elections will take place at the company’s Annual General Meeting on April 12, 2018. At that time, three current directors, [...]...
  • Increased Funding For Promoting Europe’s Agricultural Products The European Commission has launched the calls for proposals for programmes to promote European agricultural products throughout the world and within the EU. A total of €169 million is available to co-finance the programmes, up from €142 million in 2017. Programmes can cover a wide range of issues from general campaigns on healthy eating to [...]...
  • The Coca-Cola Company Announces New Global Vision to Help Create a World Without Waste The Coca-Cola Company has announced that it is fundamentally reshaping its approach to packaging, with a global goal to help collect and recycle the equivalent of 100% of its packaging by 2030. This goal is the centerpiece of the Company’s new packaging vision for a World Without Waste, which the Coca-Cola system intends to back with a multi-year investment that [...]...
  • Partnership that Mitigates Cross Contamination Fits Like a Glove Two world leaders in their respective fields have combined their expertise to create Europe’s first bona fide antimicrobial nitrile gloves. Unigloves new Fortified single use gloves incorporate silver ion technology from BioCote®, which has been scientifically proven to destroy 90% of bacteria within just 15 minutes and 99.5% in only two hours – BioCote is also proven effective [...]...

€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

  • January 19, 2018International Green Week
  • January 20, 2018Sigep Rimini
  • January 24, 2018International Bulk Wine and Spirits Show (IBWSS)
  • January 28, 2018ProSweets Cologne (Int'l Sweets and Biscuits Fair)
AEC v1.0.4

Jobs: Finance

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements