Mongolia-based dairy business Suu JSC has secured financing from The European Bank for Reconstruction and Development to support plans to grow.

Suu JSC, also known as Suu Milk, wants to invest in its manufacturing and supply chain.

The business has got a five-year loan of US$12m to finance the expansion of its production facilities, including its milk processing plant. The backing will help procure new equipment to produce curd, for milk collection and for delivery trucks. Suu Milk also wants to fund a new ice-cream production line and a new warehouse for raw materials and finished goods.

According to a statement from the EBRD, Suu Milk, founded in 1958, is the oldest dairy company in Mongolia. It sources milk from 19 collection points in the country and has more than 400 employees.

The EBRD will provide up to 65% of the loan amount, with Mongolian banking group Xacbank contributing the rest.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.