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EBRD lends Lantmännen Romania EUR 90m for new factory

The European Bank for Reconstruction and Development (EBRD) is lending EUR 90 million to help the Romanian subsidiary of Lantmännen build a new bakery in Bucharest. Lantmännen will use it as a central production hub, supplying countries in Central and Southeast Europe, according to EBRD.

The new facility will be constructed in line with the EBRD’s Green Economy Transition building requirements, supporting Lantmännen’s wider sustainability agenda including Lantmännen Unibake’s decarbonizsation commitments validated by the Science Based Target initiative (SBTi).

“Once completed, the facility will be one of the largest bakery operations within Lantmännen Unibake. It will unlock the export potential of bakery products in Romania, one of Europe’s largest wheat exporters, and support the modernization of the bakery sector in the country,” EBRD said.

Established in 2001, Lantmännen Group is owned by 18,000 Swedish farmers. It employs around 10,000 people and has operations in over 20 countries. Lantmännen entered the Romanian bakery market in 2016 and is now an established producer of frozen bakery products in the country.

Photo: Lantmännen Unibake social media