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EIB and Maspex Group seal €42 million deal for sustainable production upgrades

EIB and Maspex Group seal €42 million deal for sustainable production upgrades

The European Investment Bank (EIB) has signed a €42 million agreement with Maspex Group, a major food and beverage producer in central and southeastern Europe, to enhance energy efficiency and sustainability across their production plants in Poland and Romania. This investment will facilitate the installation of photovoltaic panels, improve energy efficiency, and establish a wastewater treatment facility. Through this partnership, Maspex aims to strengthen its competitiveness in the EU market while advancing sustainability goals. This initiative aligns with the EIB’s commitment to green financing, with 55% of its total financing in 2023 dedicated to climate action

fdturkey by fdturkey
18/04/2024
in Company News, News In General
Reading Time: 1 min read
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The European Investment Bank (EIB) is lending €42 million to Maspex Group, a leading producer of beverages and food in central and southeastern Europe, for energy upgrades and for construction of a wastewater treatment plant. The investments will improve energy efficiency, enable renewable-power generation and recycle used water in manufacturing plants in Poland and Romania. The new financing follows three EIB agreements with Maspex Group totalling €211 million.

“We are glad to continue our co-operation with the Maspex Group,” said EIB Vice-President Teresa Czerwińska. “Investing in modern and climate friendly production processes not only increases Maspex’s production capacity but also strengthens its competitiveness on the very demanding EU market.”

Maspex is strengthening sustainability by investing in technological advances in energy and raw- materials efficiency. The planned projects are in Polish and Romanian regions covered by EU cohesion policy.

“We are glad that further investments implemented in our Group will be co-financed with funds received from the European Investment Bank. The continued partnership between the EIB and Maspex underlines the trust and strong relationship between our institutions. We also hope for further fruitful cooperation in the future.  said Maspex Group Chief Financial Officer Rafał Gruszeczka.

Tags: #ClimateAction#cohesionpolicy#EIB#energyefficiency#greenfinancing#maspexgroup#partnership#photovoltaicpanels#poland#rawmaterials#renewableenergy#Sustainability#sustainableproduction#wastewatertreatmentRomania
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