EBRD mortgage to help progress of Türkiye’s main meals producer

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  • EBRD grants €20 million mortgage to Turkey’s Tat Gida
  • Funds to extend productiveness, modernize tools and finance working capital wants
  • Challenge to advertise sustainability within the firm

The European Financial institution for Reconstruction and Improvement (EBRD) is extending a mortgage of as much as €20 million in financing for Dwellingone in every of Turkey‘s key meals producers specializing in plant-based meals. Tat Gida, market chief in branded tomato paste, ketchup and canned meals.

The brand new EBRD mortgage will finance Tat Gida’s initiatives to extend productiveness and improve capability consistent with the corporate’s progress plans.

Tat Gida, which lately celebrated 55 years in enterprise, is a part of the Koç Group, Türkiye’s largest industrial and repair group when it comes to income and exports.

Talking concerning the mission, Natalya Zhukova, Director of the EBRD’s Agribusiness Sector Workforce, stated: “We’re completely satisfied to help Tat Gida’s progress trajectory and sustainability credentials. Current international crises have made it clear that meals safety is a key concern of our time. We should work with producers who prioritize wholesome and sustainable modes of manufacturing within the meals sector, and we consider that Tat Gida is an ideal instance of this.”

As a part of the mission, the EBRD and Tat Gida can even collaborate to help the inclusion of youth within the agribusiness sector in Türkiye by introducing a brand new coaching program aimed toward equipping youth with the required abilities to undertake fashionable agricultural applied sciences. and digital purposes for high-value initiatives. meals processing actions. Tat Gida can even work to bolster its present sustainability initiatives by enhancing digital transformation in agriculture and meals manufacturing consistent with its company sustainability methods.

Evren Albaş, CEO of Tat, stated: “Tat has all the time been dedicated to serving pure merchandise to our shoppers with full traceability, top quality and world-class meals security requirements. We lead the trade in innovation, digitization and good farming practices. We’re very completely satisfied to make an settlement with the EBRD to extend our investments and develop our sustainable initiatives”.

The EBRD is a number one institutional investor in Türkiye. It has invested greater than €17 billion in 385 initiatives within the nation since 2009, and the overwhelming majority of these initiatives belong to the personal sector.

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