Servolux Group of Belarus will improve the quality and safety of its products as well as reduce the environmental impact of its operations with the EBRD becoming its shareholder.
The EBRD will invest €10 million in the acquisition of a minority stake in Servolux, a privately owned vertically integrated Belarusian agricultural group operating in several segments, including manufacturing of poultry, processed meat, dairy products and animal fodder as well as food retail. The Bank will promote animal well-being standards and ecologically friendly business solutions.
The funds will be used for the construction of a new meat processing facility in the town of Smolevichi with a total production capacity of 70 tonnes of meat per day. Servolux will also build a 6.58MW combined cooling heat and power unit (CCHP), which will supply electricity and heat to the processing facility and will reduce annual C02 emissions by 6,200 tonnes.
The project is eligible for a grant under the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme designed to promote best available technologies, which will lead to a reduction in greenhouse gas emissions.
Since the start of its operations in Belarus in 1992, the EBRD has invested over €2 billion in 95 projects in various sectors of the country’s economy.
