PRAN

completed

PRAN is the leading food processing company in Bangladesh and is believed to be processing about half of the horticulture produce that goes to the processed channel in the country. The company produces and distributes fruits juices, snacks, confectionery, culinary products, dairy and soft drinks. It enjoys a strong brand reputation in the country and exports its products to 70 countries. The company has requested IFC for assistance to finance its corporate plan to expand capacity and improve operating efficiencies, aimed at satisfying growing domestic demand and capitalizing on export opportunities. The project includes:- increasing snacks and confectionery production capacity, including production of packaging materials and glucose; - increasing beverage and juice production capacity and purchase of preform and mold blowing machines for packaging materials; - increasing dairy collection and processing capacity; - increasing premium rice processing capacity; - purchase of utility equipments; and financing maintenance capex and additional working capital needs.