Project Description
Fresh&Co is a producer of packaged fruit juices for the Yugoslav and regional markets, with capability to process local fruits into purees, and package a range of juices based upon local and imported raw and packaging materials. The company is located in the town of Subotica, 180 km north of Belgrade next to the Hungarian border and has a production capacity is 12,500 MT fruit and 90 million liters (lt) of packaged drinks per annum. The IFC investment will finance: (i) remodelling of the factory to improve machinery layout and streamline delivery/dispatch, (ii) glass packaging line, trucks and refrigerators to support the company’s move into glass bottled juice, (iii) investment in permanent working capital, and (iv) replacement of short-term and medium term debt.