EIB Partners with Maspex Group for Upgrades to Production Facilities in Poland and Romania

EIB Partners with Maspex Group for Upgrades to Production Facilities in Poland and Romania

(IN BRIEF) The European Investment Bank (EIB) has announced a €104 million financing agreement with Maspex Group, a leading producer of food and beverages in Central and South-Eastern Europe. The funds will be used to upgrade and modernize production facilities and introduce innovative logistics solutions in existing factories in Poland and Romania. The loan will also cover investments in photovoltaic panels and heat pumps to increase energy and raw material efficiency, and support climate action. This is a continuation of the successful partnership between the EIB and Maspex Group, following agreements signed in 2016 and 2019, worth a total of €107 million.

(PRESS RELEASE) LUXEMBOURG, 19-Apr-2023 — /EuropaWire/ — The European Investment Bank (EIB), the lending arm of the European Union, announces that the Maspex Group, one of the leading producers of food and beverages in Central and South-Eastern Europe, is set to receive a €104 million financing agreement from the EIB to support the upgrade and modernization of its production facilities and the introduction of innovative logistics solutions. The investments will be made in existing factories in Poland and Romania, covering regions under the EU cohesion policy. The loan will also cover investments in photovoltaic panels and heat pumps, supporting the Maspex Group’s sustainable development program by increasing energy and raw material efficiency, production efficiency, and logistics. The financing will also contribute to climate action and strengthen the group’s competitiveness.

This is a continuation of the successful partnership between the Maspex Group and the EIB, following two agreements signed in 2016 and 2019, worth a total of €107 million. In 2022, green finance made up 58% of the EIB’s total financing volume, surpassing its commitment as the EU climate bank to devote at least 50% of its resources to climate action well ahead of its 2025 target. Green financing for Poland also increased from 42% in 2021 to 49% in 2022.

EIB Vice-President Teresa Czerwińska said: “The EIB is proud to strengthen its partnership with the Maspex Group, one of the leading food producers in Europe. Investing in modern technologies that contribute to climate action is one of the top priorities right now and the EIB, as the EU climate bank, is devoted to supporting such investment.”

Rafał Gruszeczka, chief financial officer of the Maspex Group, said: “The Maspex Group is continuing its programme of strategic investments in its home market of Poland, as well as in Romania, its second biggest market. The new EIB financing will cover investments in 2021-2024 in Wadowice, Łowicz, Lublin, Tymbark, Tychy and Wąsocz Dolny in Poland and in Vălenii de Munte in Romania. All these projects will enable us to produce more renewable energy and increase the energy efficiency of our production plants. They will also have environmental benefits such as the reduction of CO₂ emissions. This would not have been achieved to the same extent without the Bank’s support.”

Background information

The European Investment Bank is active in some 160 countries and is the world’s largest multilateral lender for climate action projects. Ensuring a just transition for all is one of the EIB Group’s four overarching objectives in its Climate Bank Roadmap 2025. The EIB’s ambition is to support €1 trillion of climate action and environmental sustainability investments in the decade to 2030 and align all its new operations with the goals and principles of the Paris Agreement.

Maspex Group is the largest private company in the food industry in Poland and one of the largest in Central and Eastern Europe. It is one of the market leaders for juices, nectars and beverages in Poland, the Czech Republic, Slovakia and Romania and the leading manufacturer in Hungary, Bulgaria, Lithuania and Latvia. It is a leader in the Romanian water market, and in the Polish market for pasta, jams and sauces. It is a leading manufacturer of ketchup, ready meals and vegetable preserves in Poland and instant products in Central and Eastern Europe. Maspex is the market leader for vodka and the largest importer of foreign spirits in Poland (Grant’s, Glenfiddich and Tullamore D.E.W., Metaxa, Jägermeister, Cointreau, Campari, Aperol, Remy Martin, Carlo Rossi and Barefoot). Maspex’s main brands are Tymbark, Kubuś, Tarczyn, Caprio, Nestea, Dr Witt, Tiger, Alcalia, Lubella, Łowicz, Krakus, Kotlin, Włocławek, Puchatek, Ekland, DecoMorreno and Cremona. Plusssz, Żubrówka, Soplica, Absolwent and Bols are clear leaders in their categories, trusted by consumers not only in Poland, but also in other countries in Central and Eastern Europe. Maspex products are exported to over 60 countries around the world.

Media contacts:

Katarzyna Karpiuk
k.karpiuk@ext.eib.org
+352 4379 – 70611

press@eib.org
+352 4379 – 21000

SOURCE: European Investment Bank