EIB agrees €35m loan to Carbery Group to finance manufacturing plant

The European Investment Bank has agreed to provide a 12-year €35 million loan to help finance the expansion and diversification of the Ireland-based facilities of Carbery Group, an international dairy, ingredients and flavours business. 

The first ever EIB financing for Carbery Group will support construction of a new €78 million manufacturing plant at Ballineen, that will enable the company to diversify its range of cheeses and produce mozzarella for export to a range of international markets.

The loan is the first Irish investment financed under a €400 million European Investment Bank streamlined agriculture and bioeconomy financing programme launched last year.