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- EBRD extends US$ 20 million loan to Uludag Icecek Turk A.S.
- Loan to finance a new warehouse, solar panels and wastewater recycling
- Uludag to increase gender equality practices
The European Bank for Reconstruction and Development (EBRD) is providing a US$ 20 million loan to Uludag Icecek Turk A.S (Uludag Beverage) in Türkiye to finance a new warehouse at its Yenice plant, as well as green investments that include solar panels and wastewater recycling.
The proceeds from the loan will be used to fund a wastewater recovery facility at the company’s Caybasi factory and solar panel investments for both factories, reducing Uludag Beverage’s carbon emissions and water consumption.
Uludag Beverage will also commit to revising its gender equality policies and practices and aim for a significant increase in its female workforce, including in managerial positions.
Uludag Beverage is a prominent soft drinks producer, with more than 11 brands and 45 products in its portfolio. The company is active in both domestic and international markets and is an existing client of the Bank.
The EBRD is a leading institutional investor in Türkiye. Since 2009, it has invested nearly €17 billion in various sectors of the country’s economy, almost all of it in the private sector.