EBRD BACKS DEVELOPMENT OF ROMANIAN BEER MALTING INDUSTRY
October 1st, 2007
BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is investing Euro 20 million into boosting the size of Romania's beer malting industry. The money will go to Soufflet Malt Romania SA, the country's second largest malt producer and majority-owned by Compagnie Internationale de Maltieres SA, of France. It will finance a new state-of-the-art greenfield malt plant in Buzau, south-eastern Romania, with an annual capacity of 105,000 tonnes of malt, to start operation in September 2008. Said an EBRD memorandum: "The investment is ...
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