PRAN

completed

The project is defined as the corporate-wide expansion to increase production capacity across business lines to be undertaken by the PRAN during FY2009 – 2011. PRAN is one of the leading branded food and beverage producers in Bangladesh. The company produces a wide range of products, which can be categorized into six broad categories: - beverages; - culinary products; - confectionery;- dairy; - snacks; and - premium rice. Created in 1993, the company enjoys a very strong brand reputation in the country and it also exports to more than 70 countries. For the financial year ending 30 June, 2007, the company reported combined sales of $66.8 million and a net profit before minority interest of $4.2 million. At present Pran borrows in the local market from both local and multinational banks. IFC’s funding will support the long term tenor requirement and funding diversification effort of the company.