The subordinated loan comes from the Société Régionale d’Investissement de Wallonie (SRIW), which finances development projects of companies located in Wallonia in Belgium; the European Investment Bank (EIB), which make finance available to SMMEs in order to contribute towards EU policy goals; and Avril Group financing company Sofiprotéol, which supports the development at all stages of the food and agro-industry chain.
The loan will enable the Walloon-based company to strengthen its production capacity by increasing volumes and installing new equipment to maintain its leading position in its European markets. By processing agricultural raw materials produced close to its industrial plants, COSUCRA is also contributing to the development and structure of local and sustainable agricultural sectors.
It also reaffirms the key role of the family business in the local economic and social ecosystem. The investment is expected to create no less than 20 jobs within the next three years.
Pioneering vision
Founded in 1852, six generations have sharpened the company’s pioneering vision to innovate with natural ingredients designed to contribute to healthy and sustainable contemporary diets.
COSUCRA’s standout products include Fibruline, a soluble dietary fibre obtained from chicory roots by applying a gentle water extraction process. Available in liquid or powder form, Fibruline provides a good source of fibre, and can be used as a sugar and fat replacement. Benefits of the prebiotic include a boost to digestive and immune health and glycaemia control.
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July 13, 2021 at 03:19PM
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COSUCRA gets €10m boost to grow its leadership in natural ingredients market - BakeryAndSnacks.com
"ingredients" - Google News
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