EBRD supports producer of soft confectionery in Türkiye

• €40 million EBRD loan to Kervan Gıda, a leading Turkish confectioner
• Investments in automation, renewable energy and sustainable packaging
• Project to enhance inclusion through skills training and gender-responsive policies

The European Bank for Reconstruction and Development (EBRD) is lending €40 million to Kervan Gıda, a leading producer of soft confectionery in Türkiye, to support the company’s transition to a greener and more inclusive business model.

The financing package will include €10 million for new automation, efficiency and maintenance projects, €15 million to refinance a portion of short-term debt, aligning repayment profiles with the long-term nature of recent renewable energy investments, and €15 million to support working capital, providing a more stable and resilient financing base for the company.

The project will strengthen inclusivity by providing training through a ‘digital operator school’, launching an internship programme with local universities, and introducing childcare solutions to support gender inclusion and better work-life balance.

It will also deliver environmental benefits through investment in solar energy and the procurement of recyclable and certified packaging materials. These steps will reduce emissions, improve resource efficiency and support circular-economy practices.

Natalia Zhukova, EBRD Head of Food and Agribusiness, said: “It is wonderful to see our partnership with Kervan Gıda continue to flourish, as this latest collaboration further enhances the company’s financial competitiveness. This strengthened position will also provide new momentum for Kervan Gıda to advance its climate goals.”

Devrim Kılıçoğlu, CEO of Kervan Gıda, commented: “Our longstanding partnership with the EBRD is a key driver in our transformation journey. This financing strengthens our foundations and provides the resources to accelerate our sustainability and inclusive goals, ensuring that our growth benefits both our employees and the wider community.”

The EBRD is one of Türkiye’s key investors, with more than €22 billion committed through 499 projects and trade finance limits since 2009, largely in the private sector.