Modernising Kazakhstan’s dairy industry
The EBRD is supporting the development of the private agribusiness sector in Kazakhstan with an investment in local dairy producer FoodMaster.
The Bank provided a loan in Kazakh tenge worth the equivalent of €8 million to help FoodMaster upgrade its three dairy-processing plants, construct new cow stalls and make other investments in its two dairy farms. The company, which is a subsidiary of leading French dairy business Lactalis, will also use the EBRD investment to increase its fleet of trucks and finance working capital needs.
Alongside the loan, the Bank launched a technical cooperation project with the Food and Agriculture Organization of the United Nations to help private companies in Kazakhstan improve their milk production and collection. This will boost raw-milk supply and enhance the quality of dairy products in the country.