$ 25 million loan for "Hlobyno"

International Finance Corporation (IFC) is considering the possibility of lending $ 25 million to "Hlobyno" group companies (Poltava region)— partly in the form of loans, and partly in the form of investment capital.
According to reports, the total project cost to increase the production capacity of the company is up to $100 million
The report emphasizes that the project will allow the group to increase the number of pigs from 90 thousand to 400 thousand, sausage production – from 1.700 tons per month to 2.500 tons per month, and make the modernization of slaughter house with its capacity expansion from 50 to 150 animals per hour, upgrading and expanding butter and cheese production at Hlobynskyi butter-making plant.
The report indicated that this project will be considered by the Board of Directors of IFC on May 14.
According to the IFC, the founder and owner of "Hlobyno” is Oleksander Kuzminskyi.

Note: Hlobyno, DC is one of the largest producers of sausage products in Ukraine.
The group members are "Hlobynskyi Meat Plant, OJSC Hlobynskyy butter-making plant, LTD Hlobynskyi beef and dairy complex, LTD Hlobynskyi pig complex and Hlobynskyy Rayagrobud.

UNIAN