E-Malt.com News article: 3288

EBRD allotted EUR20 million loan to Soufflet’s branches in Russia, Ukraine, Romania and Kazakhstan for barley purchasing. Agro Perspectiva posted on September 17 that European Bank for Reconstruction and Development has decided to allot a short-term EUR20 million loan to company Soufflet’s branches situated in Russia, Ukraine, Romania and Kazakhstan for production development as well as barley purchasing, reports EBRD. Loan has been granted in frameworks of EUR65 million total project, targeted at financing of Soufflet Group’s programs.

Soufflet is going to use obtained money for enhancing of its flour milling and beer production capacities as well as for barley growing in Central and Eastern Europe.

Reportedly, Soufflet Group is one of biggest agrarian companies, owning 24 malthouses in France, Poland, Check Republic, Hungary, Romania, Kazakhstan and Russia. Soufflet Group has acquired Slavutskiy malting plant (Khmelnytska region) from Scandinavian company BBH.

Slavutskiy malting plant is biggest in Ukraine; its production facilities are calculated upon yearly 120,000 tonnes barley processing and 70,000 tonnes malt output.


18 September, 2004