Farmina Pet Foods: 25.7 million EUR from the EBRD to expand production

The European Bank for Reconstruction and Development (EBRD) is supporting the Serbian factory of Farmina Pet Foods with a loan of EUR 7.25 million, meant for the further growth of the company.

Farmina Pet Foods will invest a total of EUR 14.5 million in the expansion programme, which will include the opening of a new production line. The plans also include increasing the production of dry food and an investment in a wet pet food production facility.

The EBRD loan will be complemented by a loan in the same amount provided by Societe Generale Bank Serbia.

– By supporting Farmina, the EBRD is supporting foreign direct investments in the Serbian agribusiness sector, local producers, as well as strengthening the competitiveness of the private sector. Famina will be procuring raw materials for its first factory of wet food for pets from Serbian farmers. The agribusiness value chain is one of the main elements of the EBRD strategy for Serbia – said Miljan Zdrale, the EBRD’s regional manager for the agribusiness sector for Central and Southeast Europe.

Farmina Pet Foods is a member of the Farmina Group, which is present in more than 50 countries throughout the world. It was founded in 2006 in Serbia and it started producing dry pet food in 2010. The company produces pet food for Serbia and other markets in the region, while also exporting outside the region. Farmina focuses on premium quality products and aims to increase its presence in the current markets, as well as to expand to new markets.

(eKapija, 07.12.2016)

http://www.ekapija.com/website/en/page/1616259/Farmina-Pet-Foods-investing-EUR-14-5-million-in-expanding-production-in-Indjija-Raw-materials-to-be-procured-from-local-farmers

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