European Investment Bank (EIB) is lending 50 million euros to dairy cooperative Mlekpol, which it says is Poland’s largest dairy manufacturer, for the construction of a powdered dairy production plant in eastern Poland.
The estimated production capacity is 3 million liters of milk and whey per day. The investment launch is planned for 2018, while full production capacity is expected to be achieved by mid-2019.
The new powdered dairy products production facility will manufacture specialized products such as high purity whey and milk protein, as well as high-quality baby food.
The EIB financing for the cooperative is guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the European Commission’s Investment Plan for Europe.
“Mid-sized companies like Mlekpol are not only important in their regions, they are the backbone of Europe’s growth and employment,” said EIB vice president Vazil Hudak.