New outdoor pepper Contract Farming Agreement between Piraeus Bank and “ALMI S.A.”

Piraeus Bank, in collaboration with “ALMI S.A.” has initiated a new Contract Farming program, intended for outdoor pepper producers in the Prefecture of Imathia.

The funding proposal for outdoor pepper cultivation Contract Farming is essentially intended to help rationalize the organization and financially support the entire production process, from the producer to product processing and selling by the said company.

“ALMI S.A.” has its facilities in Alexandria, Imathia and is active in the standardization and trading of peppers, mushrooms, olives etc., aiming mainly at combining excellent quality of Greek land’s fruits with imagination, knowledge and passion.

“ALMI S.A.” is an entirely Greek company, which has been operating very successfully for 20 years, 100% export-oriented (strong presence in 16 countries).

Reference point of ALMI’s operation is the qualitative control, which starts from the farm and goes up to the final packaging. A process which requires a lot of work and devotion, but is an essential component of success, especially when a company must compete with giants in the world food market sector.

Through the specific Piraeus Bank Contract Farming Program, the producer is provided with the required liquidity at highly competitive terms, exactly when he needs such liquidity, while payment of the production agreed to be delivered to the company is guaranteed.

The Program covers the entire crops production and supply chain by supporting, in an organized manner the mutually beneficial collaboration between producers and the company.

This new collaboration attests to the firm will of Piraeus Bank to support and encourage any sound productive effort in the economy sector.

Athens, 26 June 2014