Peyman Kuruyemis



Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

29 Nov 2017



PSD disclosed:

06 Jun 2017

Translated version of this PSD: Turkish

Project Description

A long-term senior secured syndicated loan of EUR 32 million to the Turkish producer of dried fruits, nuts and seeds, Peyman Kuruyemis Gida San. ve Tic. A.S.

The proceeds of the transaction will be used to support the company's investment programme including the new production facility investment and capex for 2017 and working capital requirements.

Project Objectives

The loan will finance Peyman Kuruyemis's investment in a new factory as the company is launcing new products and expanding into new markets.

Transition Impact

The transition impact of this project is expected to be primarily derived from market expansion through backward linkages to local farmers and transfer and dispersion of skills.

The company is the second largest producer of dried fruits, nuts and seeds with highly recognised brands in Turkey.

EBRD Finance Summary

EUR 22,000,000 + B Loan of EUR 10,000,000

Total Project Cost

EUR 32,000,000

Environmental and Social Summary

Categorized B (ESP 2014). The processing, packaging and sale of dried fruit, nuts and seeds is associated with specific environmental and social issues which can typically be addressed through well understood mitigation measures. Key environmental and social issues are anticipated to be those standard to the food industry including management of food hygiene, water use and waste water disposal, energy use, solid waste disposal and occupational health and safety. The company is certified to a number of best practice management systems including ISO 9001, ISO 22000, ISO 140001, Halal Food and BRC and it is currently working on getting the Ecocert and ISO 26000 certifications. Environmental and social due diligence for this project will commence with the completion by the company of the Bank's standard environmental and social due diligence questionnaire. The Bank's Environment and Sustainability Department will liaise with the project team following review of the questionnaire to agree what further due diligence may be required.

Technical Cooperation


Company Contact Information

Gunes Soyturk (CFO)
+90 216 420 03 73
+90 216 420 03 72
Nevnihal Sokak No:4 Nakkastepe 34674 Uskudar/Istanbul Turkey

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Share this page: