Mongolia: Brewer Receives USD25 mln Loan to Diversify its Beer Business
May 24 - The EBRD is providing $25 million loan to APU, a private brewery operating in Mongolia, to support company's drive to expand production capacity and diversify its product range.
Established in 1924, APU is the leading beverage producer in Mongolia and one of the first privatised companies in the country. Its products include beer, vodka, juice, UHT milk in Tetrapak packaging, mineral water and soft carbonated drinks.
The company, which is locally-owned, is aiming to launch production of canned beer to provide consumers with a competitively priced substitute for imports. APU operates the largest distribution network in the country and it has been recognized for its excellence in management and continuous innovation.
The proceeds of the EBRD loan will help APU to upgrade the brewery facility, increase beer production capacity and to purchase a beer canning line. In addition the project will finance APU’s working capital needs related to beer production.
This project will help APU double its beer production capacity by 2014 and create new jobs. Additionally, due to the implementation of advanced technology, APU will be able to significantly improve its energy efficiency, cutting emissions and production costs.
“The EBRD’s investment is helping APU to bring to consumers quality and competitively priced products and to raise the environmental standards at its production facilities. The project will enable APU to improve its energy efficiency, which will have a strong demonstration impact on other businesses in Mongolia”, said Philip ter Woort, Head of the EBRD Office in Mongolia.
“We at APU feel proud for becoming a recipient of the EBRD financing in Mongolia. Modern production technologies, best management practices, food safety, and environmental and corporate responsibility have always been the main principles of our operations. The partnership with the EBRD will help us further in our quest to become a world-standard manufacturer that delivers best value to consumers,” said Batsaikhan Purev, Chairman of APU Company.
Since the beginning of the EBRD’s operations in Mongolia in 2006, the Bank has committed over €149 million across 28 projects in various sectors of the Mongolian economy, with total projects cost of close to €435 million.
To date the EBRD has invested more than €5 billion in over 360 agribusiness projects in countries of its operations.
Source: EBRD
24/05/2010
Established in 1924, APU is the leading beverage producer in Mongolia and one of the first privatised companies in the country. Its products include beer, vodka, juice, UHT milk in Tetrapak packaging, mineral water and soft carbonated drinks.
The company, which is locally-owned, is aiming to launch production of canned beer to provide consumers with a competitively priced substitute for imports. APU operates the largest distribution network in the country and it has been recognized for its excellence in management and continuous innovation.
The proceeds of the EBRD loan will help APU to upgrade the brewery facility, increase beer production capacity and to purchase a beer canning line. In addition the project will finance APU’s working capital needs related to beer production.
This project will help APU double its beer production capacity by 2014 and create new jobs. Additionally, due to the implementation of advanced technology, APU will be able to significantly improve its energy efficiency, cutting emissions and production costs.
“The EBRD’s investment is helping APU to bring to consumers quality and competitively priced products and to raise the environmental standards at its production facilities. The project will enable APU to improve its energy efficiency, which will have a strong demonstration impact on other businesses in Mongolia”, said Philip ter Woort, Head of the EBRD Office in Mongolia.
“We at APU feel proud for becoming a recipient of the EBRD financing in Mongolia. Modern production technologies, best management practices, food safety, and environmental and corporate responsibility have always been the main principles of our operations. The partnership with the EBRD will help us further in our quest to become a world-standard manufacturer that delivers best value to consumers,” said Batsaikhan Purev, Chairman of APU Company.
Since the beginning of the EBRD’s operations in Mongolia in 2006, the Bank has committed over €149 million across 28 projects in various sectors of the Mongolian economy, with total projects cost of close to €435 million.
To date the EBRD has invested more than €5 billion in over 360 agribusiness projects in countries of its operations.
Source: EBRD
24/05/2010
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