KAZAKHSTAN: EBRD loan for food packaging plant
The European Bank for Reconstruction and Development is lending US$2.5m to Kazakhstan's Bericap Kazakhstan to construct a new factory making plastic food container tops (or closures) for local and other central Asian markets.
Part of the German plastic container company, the Bericap Holding Group, the Kazakhstan business plans to build purpose-built production facilities, allowing it to relocate its operations, optimising costs; providing space for future expansion; and improving environmental plus health and safety management. The EBRD said the project would "enhance the competitive business environment of smaller producers in the beverages, food, cosmetics and other industries, that are dependent on closures".
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