Mongolia’s largest drinks company is to expand its beer production after securing a US$25m loan from the European Bank for Reconstruction & Development (EBRD).

The bank said this week that the project would help APU double its beer production capacity by 2014, buy a beer canning line and improve its energy efficiency and production costs.

Privately-owned APU has a 50% share of Mongolia's beer market, with brands including Fusion, Altangovi, Kharkhorum and Borgio.

It also makes vodka, juice, UHT milk, mineral water and soft drinks.

APU chairman Batsaikhan Purev said the loan would “help us further in our quest to become a world-standard manufacturer.”