Food Empire Secures EBRD Loan for Kazakhstan Facility

Food Empire Holdings Limited ( (SG:F03) ) has shared an update.

Food Empire Holdings Limited has secured a US$10 million loan from the European Bank for Reconstruction and Development to fund a new coffee-mix manufacturing facility in Kazakhstan’s Khorgos Special Economic Zone. This facility, the company’s first in Kazakhstan, is expected to create at least 300 jobs and set new standards in the food-processing sector in Central Asia. It will produce instant beverage products, including the flagship MacCoffee brand, with plans to export up to 50% of its output to Central Asia and the Caucasus. The EBRD’s support underscores confidence in Food Empire’s operations and growth potential, reflecting its strategic expansion in the region.

More about Food Empire Holdings Limited

Food Empire Holdings Limited is a multinational food and beverage manufacturing and distribution group headquartered in Singapore. The company offers a diverse portfolio that includes instant beverages, snack foods, and food ingredients, with its products available in over 60 countries across North Asia, Eastern Europe, South-East Asia, South Asia, Central Asia, the Middle East, and North America.

YTD Price Performance: 37.37%

Average Trading Volume: 923,062

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: S$742M

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