JSC Balticovo
| Date: | 27.6.2025 |
|---|---|
| Country: | Latvia |
| Customer: | JSC Balticovo |
| Amount in EUR: | EUR 30 million |
| Maturity: | 10 years |
| Business sector: | Connectivity & Consumer |
Project
The loan has been granted to finance the expansion of Balticovo production facilities. The investments include:
- The construction of nine aviary production houses
- The construction of two rearing poultry houses
- An egg-sorting line for the new aviary houses.
The investments support the company’s transition from the traditional cage system (Category 3) to cage-free system (Category 2) for shell-egg production. Currently, more than 60% of the eggs Balticovo produces are laid in cages, but after the investments in new barn houses and subsequent enhancements, Category 3 egg production will be reduced to 14%.
JSC Balticovo employs 360 people and has more than 3.5 million hens in five different locations in Latvia. The company produces more than 3 million eggs per day, and 70% of its production is exported.
Fulfilment of NIB's mandate
The investments support the physical capital to increase the capacity and productivity of a small mid-cap.
Impact indicators in relation to the investments:
- Number of hens in the new barns
- Number of barns
- Energy consumption per barn, MWh per year
Sustainability summary
Eggs are among the most sustainable animal-based proteins from the perspective of greenhouse gas emissions, water use and eutrophication. However, alongside environmental impacts, egg production also entails other sustainability issues, especially related to animal welfare. Balticovo has taken measures to mitigate these factors.
The barn houses will be equipped with state-of-the-art features like advanced lighting systems, constant feed access and purified water. This will increase the hens’ wellbeing.
The facilities will be managed by an advanced system which includes airflow ventilation with a multifunctional air-to-air heat exchanger. This system will offer heating and cooling to maintain stable temperatures year-round, while reducing ammonia, dust and CO2 emissions. There will be also a solution for automatic manure collection from the barns, and it will be used for biogas and biomethane production.
While the system will ensure energy efficiency, however, the overall energy consumption will increase due to the construction of the new barns.
Sustainability proofing has been carried out in accordance with the InvestEU Fund requirements.
