The facility will produce the group’s portfolio of instant beverage products including its flagship MacCoffee brand of instant coffee-mix. Food Empire expects to export up to 50% of the products manufactured at the new facility to Central Asia and the Caucasus.
Meanwhile, the EBRB said that it expects the new facility to create jobs and set a new benchmark for the food-processing sector in Kazakhstan and Central Asia in terms of technology and hygiene standards.
The EBRB has invested more than €11 billion in 335 projects in Kazakhstan, with most of the funds supporting private entrepreneurship.
Shares in Food Empire closed 3 cents higher or 2.222% up at $1.38 on March 21.
