FDBusiness.com

€50 Million Loan For Polish Dairy Co-operative

 Breaking News
  • Vion Names New CEO Vion, the international meat group, has appointed Ronald Lotgerink as its new CEO with effect from 1 September. Ronald Lotgerink is currently the CEO of Zwanenberg Food Group, a leading European producer and exporter of meat products, canned meat, snacks, soups and sauces. Ronald Lotgerink started his career at KPMG. In 1989 he joined Zwanenberg Food [...]...
  • Harrogate Water Reports Record Sales Harrogate Water has announced another year of record sales with growth of 24 per cent – almost four times higher than market growth for bottled water. The company has seen increased sales in the high-volume supermarket sector, continued strong growth in export and travel markets and greater demand for premium glass products in both grocery [...]...
  • Alcohol Worth £16 Billion is UK’s Leading FMCG Category Innovation in the drinks sector and a reduction in the amount of trade promotions has seen Alcohol retain its place as the top selling FMCG category in the UK, worth £16.1 billion (€18.2 billion) in value sales to the economy. This is according to big data and technology expert for consumer industries, IRI’s Top Categories Special Report – an analysis [...]...
  • Irish Grocery Market Fends Off the Beast from the East The latest grocery market share figures from Kantar Worldpanel, published today for the 12 weeks ending 25 March 2018, show that the Irish grocery market brushed off the Beast from the East to post strong sales growth of 3.8%. Douglas Faughnan, consumer insight director at Kantar Worldpanel, comments: “Although shoppers had upped their spend in preparation for [...]...
  • TrayTrack – A Unique Inline Overhead Concept For Optimum Tray Logistics Once trays have been filled with product, poultry processors will often be faced with how to transport them to packaging equipment elsewhere in the plant. This job can be done manually using crates. Alternatively, product can be transported on a complex system of belt conveyors, usually criss-crossing other similar systems. TrayTrack, a unique automated solution [...]...

€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

  • April 22, 2018Natural & Organic Products 
  • April 24, 2018Scandinavian Wine Expo
  • April 24, 2018Seafood Processing Global
  • April 24, 2018InterFood Krasnodar
AEC v1.0.4

Jobs: Finance

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements