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Farmakom MB

Sector: Raw Materials • Location: Serbia

Source: International Finance Corporation (IFC)

Project
Completed

Farmakom MB (“Farmakom” or “the Sponsor” or “the Group”) is a diversified group. Its businesses include car battery manufacturing, metal smelting, dairy, foundry, heavy metal mining, and greenhouse-based agriculture. Since 2006, it has invested over €140 million for new equipment in order to add new capacity and improve the environmental standards of its factories, As a result, Farmakom’s workfor

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The project “Farmakom MB” is an infrastructure initiative in the Raw Materials sector, located in Serbia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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completed

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Description

Description

Farmakom MB (“Farmakom” or “the Sponsor” or “the Group”) is a diversified group. Its businesses include car battery manufacturing, metal smelting, dairy, foundry, heavy metal mining, and greenhouse-based agriculture. Since 2006, it has invested over €140 million for new equipment in order to add new capacity and improve the environmental standards of its factories, As a result, Farmakom’s workforce doubled from 1,500 to 3,000 employees. The proposed IFC investment is to reduce the number of lenders Farmakom works with, improve banking relationships, and reduce administrative costs. Under the proposed structure, IFC financing will be extended to two or three of the main operating subsidiaries, including FAS (car battery), Zajaca (metal smelting), and Sabac (dairy), with a full guarantee from the ultimate holding company.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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