Poland: EIB lends €50 million to Mlekpol
Topics: POLAND EIB MLEKPOL
The €50 million loan (equivalent to PLN 212 million) will help finance a series of investments in Mlekpol’s Grajewo processing plant one of 12 plants the company runs across Poland.
The operation benefits from the guarantee of the European Fund for Strategic Investments, the financial pillar of the Investment Plan for Europe.
The expansion and modernisation of the production facilities will provide Mlekpol with additional capacity to process fresh milk and to counterbalance seasonal shifts in supply.
The investments will also be used to construct a new warehouse and logistics centre, increasing the company’s efficiency.
Finally, a combined heat and power plant to be built next to Mlekpol’s wastewater treatment plant in Grajewo and fully running on biogas will reduce the amount of sludge the company produces and eliminate its need to purchase grid electricity. ■