Tag: Kazakhstan

Kazakh beverages producer Caspian Beverage secures US$4m financing deal

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KAZAKHSTAN – Caspian Beverage Holding, one of the leading beverage producers in Kazakhstan, is embarking on an expansion project seeking to enlarge its distribution network following a new financing deal with an European institutional investor. The European Bank for Reconstruction and Development (EBRD) has agreed to facilitate the company’s expansion with a US$4 million five-year loan, which is expected to increase Caspian’s market share in Kazakhstan and improve the company’s operational efficiency as well as that of its subsidiaries. Caspian Beverage intends to use the funds in procuring ozone-friendly refrigerators…

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Grupo Bimbo forms joint venture with Food Town in Kazakhstan

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MEXICO – Grupo Bimbo, through its subsidiary Bimbo QSR has formed a joint venture with Food Town, the exclusive buns supplier and franchisee of McDonald’s in Kazakhstan. Grupo Bimbo said that the joint venture, in which the Mexican company is the majority owner with a 51% of stake, strengthens the manufacturing footprint of Bimbo QSR and aligns its relationship with the quick service restaurants clients in Central Asia. The deal will broaden Grupo Bimbo’s global presence to 33 countries and strengthens its leadership in the QSR industry, which is expected…

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