The International Finance Corporation (IFC) of the World Bank has lent US$35 m loan to OJSC Experimental-Cannery Lebedyansky, a key branded packed juices and juice drinks producer in Russia.

The loan will support expansion and modernisation plans, boosting production efficiency and capacity, expanding the company's product range, and strengthening distribution. Part of the US$87 m investment programme, the loan will help Lebedyansky introduce new aseptic PET packaging and acquire complimentary businesses.

Jean-Paul Pinard, IFC agribusiness director, said: "We are looking forward to a long-term, productive cooperation with Lebedyansky and to seeing it develop into a leading regional player in Eastern Europe."