Turkmenistan based brewer Berk Group has announced it will move into the market of snacks.
Berk Group has secured a $2.8million loan from the European Bank for Reconstruction and Development (EBRD) to expand its product line by creating potato crisps.
The EBRD has described Berk as ‘already a leading producer on the Turkmen beer market’ It’s said that Berk hopes to be at the forefront of potato chips production in the country.
In Turkmenistan most crisps are currently imported. Berk are said to be aiming to win the market by matching the quality of European brands with competitive pricing.
Engin Goksu EBRD head of office in Ashgabat said: “The cooperation between Berk and the EBRD is an example of a fruitful partnership. It is pleasing to see how successfully Berk has grown over the last six years with EBRD support.
“The production of snacks is a new segment not only for the company but for the Turkmenistan market in general. I am glad that the EBRD was able to support the company in this step not only financially but also with extensive technical advice, which played an important role in making this project possible.”
The EBRD has invested €240 million into various sectors of the economy of Turkmenistan.
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