Turkey: Ford Otosan

Location:

Turkey

Project number:

40816

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

B

Approval date:

20 Jul 2010

Status:

Complete

PSD disclosed:

21 Jul 2010

Translated version of this PSD: Turkish
 

Project Description

EBRD is considering providing EUR 150 million loan to Ford Otomotiv Sanayi A.S (“Ford Otosan”) to finance the domestic vendor tooling expenditure in its 3-year capex program.

Transition Impact

The Transition impact of the Project is foreseen to be realized as:

1) Market expansion is expected to occur in the automotive supplier market as the Project creates backward linkages to both new and existing Ford suppliers.

2) The Project may increase competition which may induce other automotive producers to localize their own production in the segment

3) Demonstration of new products and technologies will occur as Ford Otosan will be implementing new technologies in the production which are new to the market.

The Client

Ford Otomotiv Sanayi A.S is incorporated in Turkey for the manufacturing and selling of motor vehicles and parts. The Company operates as a joint venture between Ford Motor Company and Koc Holding 41% equity stake each. The rest of the shares are listed on the Istanbul Stock Exchange.

EBRD Finance

Up to EUR 150 million long-term loan, of which up to EUR 60 million will be for the account of EBRD and up to EUR 90 million will be syndicated to commercial banks.

Project Cost

Up to EUR 485 million.

Environmental Impact

Ford Otosan’s operations are in material compliance with Turkish and EU environmental standards. Ford Otosan has a robust Environmental Management System (EMS) that is ISO 14001 certified and in line with the global standards embedded in Ford Motor Company’s Ford Production System.

Technical Cooperation

None.

Company Contact

Ford Otomotiv Sanayi A.S
Burak Cekmece
Treasury Manager Izmit Golcuk Yolu 14.km Ihsaniye Golcuk-Kocaeli

Phone: 0090 262 315 69 62

Fax:0090 262 315 69 76

E-mail: bcekmece@ford.com.tr

Business opportunities

For business opportunities or procurement, contact the client company.

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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Text of the PIP

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