Euro Bakery, a 130 staff bakery in the Beijing region, will expand its business with a long-term €2 million loan from FMO. FMO will finance the extension of the production capacity to 4000 m2 and further automation of production.
By financing the extension plans of Euro Bakery, FMO aims to support the creation of new jobs and stimulates improved energy efficiency of the production process. This will help Euro Bakery to meet the fast growing demand of the Chinese market.
Euro Bakery is an industrial bakery located in Beijing which produces bread, pastry and fresh sandwiches. Its clients are coffee shop chains, caterers, supermarkets, hotels and airports. The wholesale activities started in 2011 and the company outperforms in quality and product inventiveness.
The signing ceremony was hosted by the Dutch ambassador Ron Keller and attended by high-profile representatives of Chinese banks and investors. Co-founder and CEO of Euro Baker, Henny Fakkel, mentioned: “We succeeded in our efforts to introduce FMO [..], to open the dialogue and to further build trust.” Martijn de Groot, Investment Officer FMO: “FMO is open to cooperate with clients, Chinese banks and investors to make financing more accessible and to reduce costs. I am very glad it worked out with Euro Bakery.”
