| Project Detail |
Provision of an up to €20m senior secured financing from the EBRD account (the "Loan") to Agrofusion Group (the "Group" or "Agrofusion"), Ukraines leading tomato paste producer. The Loan proceeds will be used to finance the construction of the Groups fourth tomato processing plant and new greenhouses, as well as the purchase of equipment for tomato pomace processing, new agricultural equipment and eco-plastic containers for tomato paste (the "Project").
Project Objectives
The Project is expected to enhance the Groups scale and competitiveness, with a 30% increase in total paste production capacity, improved production efficiency and environmental footprint. The Project is expected to result in a significant reduction in CO2 emissions from use of precision farming technologies, logistics and packaging optimisation, commissioning of energy efficiency equipment, and higher automation. In paralell, the Group is expected to benefit from an improved resilience given the larger amount of irrigated land bank. |
