EIB lends €50 mln to dairy cooperative Mlekpol

The European Investment Bank (EIB) is financing Mlekpol, one of Poland’s largest dairy cooperatives, to support the company’s modernization and growth strategy. The €50 million loans (equivalent to PLN 212 million) will help finance a series of investments in Mlekpol’s Grajewo processing plant, which is 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 modernization 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 center, 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.

(WBJ)