The funds will be used to build a modern feed mill and expand egg production, the EBRD said in a statement.
“As part of the deal, Axedum will receive support from the European Union to modernize equipment and introduce sustainable technologies,” the EBRD said in a statement.
Axedum, a family-owned, full-service chicken production company. It was founded in 1997.
In 2023, the company’s sales amounted to 240.04 million lei (12.4 million euros), with profits reaching 5.93 million lei (310,000 euros). The company had 110 employees.
With the new loan, Axedum aims to expand its activity into new areas and export its products to the EU market.
