EU invests €60m in Polish food firm Maspex

By Louis Gore-Langton

- Last updated on GMT

© iStock/Macio Silva
© iStock/Macio Silva

Related tags: Poland

The investment will go to improving facilities and increasing employment for the Polish juice, sauce and pasta manufacturer, already one of the largest in Eastern Europe.

With a revenue of €840m in 2015, the food group ranked fifth largest international food producer in Poland.

The European Investment Bank (EIB) announced it would be loaning €60m to the company in order to increase employment, environmental efficiency and to improve its production and storage facilities.

Half of the investment will be provided by the European Fund for Strategic Investments (EFSI) specifically for development areas in line with current EU policy – research and innovation and development of the energy sector.

Photovoltaic panels and a biogas plant will be bought for the existing Maspex facilities, in accordance with the EU’s Paris Agreement objectives to reduce energy and carbon emissions for 2050.

The company said 150 new jobs would also be created through the expansion over the next three years.

Alicja Chytla, press officer for EIB, told FoodNavigator the hope was that the investments would attract other financers to Maspex’s projects and further increase the development of a profitable, sustainable food industry in Eastern Europe.

Completion of the new facilities is expected for 2019. 

Maspex also manufactures food supplements. 

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