| Project Detail |
Location:
Kosovo
Project number:
53632
Business sector:
Agribusiness
Notice type:
Private
Environmental category:
B
Approval date:
08 Aug 2023
Status:
Approved
PSD disclosed:
17 Aug 2023
Provision of an ESG-linked, long-term, senior loan to Uje Rugove to support its investment plan related to: (i) purchase and installation of new and automatic filling lines for glass bottles, aluminium, cardboard, barrel, and syrup; (ii) purchase and refurbishment of adjacent facility for the installation of afore-mentioned filling lines, and (iii) associated working capital.
Project Objectives
The project will support Uje Rugoves investment plan that will enable it to pursue its strategy of expanding into new market routes by: (a) launching new product categories - i.e. carbonated mineral water, flavoured and infused water (both still and carbonated), and (peach and lemon taste) ice teas; (b) expanding its market and sales presence in Albania and North Macedonia; and (c) launching new can and cardboard packaging, as well as more efficient and modern glass bottle and barrel packaging. The project and financing involve also ESG-linked objectives related to improvement in the water use ratio, reduction of glass bottle and plastic barrel packaging waste in production, introduction of at least 50% recycled stretch film and labels in packaging, as well as measures for supporting equality of opportunities. |
