The Moroccan Land’Or plant operational in the 2nd quarter of 2022
Land’Or Maroc Industries is the Moroccan subsidiary created in 2019 to bring the industrial project of the Tunisian group to Morocco.
It has happened. The European Bank for Reconstruction and Development (EBRD) subsequently provided an additional loan of EUR 3.5 million (DH 36.9 million) to Land’Or Maroc Industries (LMI). As we exclusively announced last December, these funds are intended to finance the purchase of additional equipment, as well as the expansion of the building to increase the storage capacity of the cheese factory under construction. in Kenitra. The loan also finances the working capital requirement created by this extension. “The plant should be operational by the beginning of Q2 2022 and will increase the company’s export potential,” the EBRD said. Recall that in September 2020, the European bank had already granted a loan of 10.9 million euros to the Tunisian group Land’Or, of which 7.8 million euros (82.2 million DH) for the construction of a new LMI cheese factory in Kenitra. Land’Or, a Tunisian limited liability company, is one of the main local manufacturers of processed cheese. Founded in 1994, the company entered Morocco by creating a first subsidiary “Land’Or Maroc” for the marketing of cheese and food products. In June 2019, the Tunisian group created a new subsidiary, Land’Or Maroc Industries, for the production, processing and marketing of cheese and food products previously imported from the factory in Tunisia.
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