VIVESCIA Cooperative Group announces that it has reached an agreement with its banks to (i) refinance €865 million of the Group's loans and bilateral credit lines and (ii) take out a government-backed loan (PGE) worth €175 million for VIVESCIA Industries.
For several weeks now, the companies of the Group have been marshalling their resources to offset the shortage of personal protective equipment (PPE) for healthcare professionals, and to manage the health emergency in the Grand-Est and Île-de-France regions, which have been hit particularly hard by Covid-19, as well as in the rest of France, through its plants around the country.
ARD has produced 15,000 litres of hand sanitiser (WHO protocol) since the start of the covid-19 crisis.
At VIVESCIA Group, our agricultural cooperative and food processing businesses are doing everything in their power to fulfil their duties: to maintain farming and food production activities.
Malteurop had announced it last autumn. Now it’s done: the Aire-sur-la-Lys malt house in northern France started producing organic malt at the beginning of 2020.
VIVESCIA Group's 2018-2019 financial year was characterised by mixed performances. It also marks a new beginning. VIVESCIA is starting a new chapter in its history and stepping up its transformation in a difficult economic context for farming in France, and an unstable international environment.