According to the bank website, the project includes the provision of an ESG-linked, long-term, senior loan to Uje Rugove to support its investment plan related to: (i) purchase and installation of new and automatic filling lines for glass bottles, aluminium, cardboard, barrel, and syrup; (ii) purchase and refurbishment of adjacent facility for the installation of afore-mentioned filling lines, and (iii) associated working capital.
The project will support Uje Rugove's investment plan that will enable it to pursue its strategy of expanding into new market routes by: (a) launching new product categories - i.e. carbonated mineral water, flavoured and infused water (both still and carbonated), and (peach and lemon taste) ice teas; (b) expanding its market and sales presence in Albania and North Macedonia; and (c) launching new can and cardboard packaging, as well as more efficient and modern glass bottle and barrel packaging.
Rugove is a private company which started out as a partnership between Unior DD and a local partner in Kosovo. During 2009, Unior DD decided to sell its Rugove actions and return to Slovenia, which opened up the opportunity to established a completely local partnership. Today, Rugove is owned equally by two local partners and with no other stakeholders to the company.
Today, the Rugove company is one of the rare local producers offering entirely natural products, produced in Kosovo. Rugove is claimed as the only Kosovar company that offers water bottled right at the source, cheese that is produced from the fresh milk of Rugove cows, and has international certifications ensuring a high quality of products and business management.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Uje Rugove sh.p.k
|Industry and Trade
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