Zagshir and Refah Bank; Synergy for Development and Presence in Global Markets
Zagshir Company, continuing its path of developing the food industry and aiming to strengthen the production cycle in the country, is expanding its strategic cooperation with Refah Bank. In this regard, while appreciating the valuable support of Refah Bank, multiple negotiations and financial actions are being pursued.

In this meeting, Behrouz Balavandi, Director of the branches of Refah Kargaran Bank in Lorestan Province, referred to the effective role of Refah Kargaran Bank and its senior managers in supporting production growth and helping to revive and energize the province’s industrial and manufacturing companies. He described Zagshir Borujerd Company as an emerging and highly dynamic manufacturing company and announced his support for this company in its efforts to grow production, within the framework of the credit policies of the esteemed Refah Bank and the special attention of the bank’s managers to supporting dynamic factories.

The manager of the Refah Kargaran Bank branches in Lorestan emphasized: The order and discipline of Zagshir Borujerd Company are renowned among manufacturing companies, and the technology of this company and its product production are on par with industrial companies and specific global brands.

According to current plans:
• The formation of a file to obtain a 2,700 billion rial facility through special investment deposit certificates to accelerate the implementation of the Zagshir Food Industries development phase (fixed capital) is on the agenda.
• Additionally, the process of forming a file to receive a 1,500 billion rial facility through special investment deposit certificates to provide the company’s working capital has begun.
• Furthermore, the possibility of obtaining the maximum amount of working capital facilities through the company’s average account balance with a one-year repayment is also being reviewed.
The CEO of Zagshir, referring to the importance of these collaborations, said: “The synergy between Zagshir and Refah Bank facilitates the continuous production of products with global standards and excellent quality; products that not only meet part of domestic demand but also have the ability to compete in international markets and exports.”
This joint cooperation is an effective step towards the sustainable development of the country’s food industries and the realization of the slogan ‘The Symbol of Iran’s Milk Refinement.’