Translated version of this PSD: Turkish
The EBRD is considering a long-term loan to Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.i. (the "Company") of up to USD 150 million to finance the construction of a new tyre plant in Aksaray, Central Anatolia. The loan will also contribute to the acquisition of additional equipment for the Company's existing plant located in Izmit, a city in north-western Anatolia, Turkey.
The Project envisages that the new Aksaray plant will have an annual production capacity of almost 4.2 million tires for passenger cars and light commercial vehicles. The Izmit plant will increase its capacity for the truck and bus segment.
The Project is expected to achieve a strong transition impact in Turkey, particularly through transfer and dispersion of skills and setting standards for corporate governance and business conduct in relation to regional, youth and gender inclusion. The project will also contribute towards the Bank's ongoing inclusion policy dialogue initiative in Turkey that creates direct links between the private sector and Turkish education authorities to improve skills standards in line with employers' needs.
BRISA BRIDGESTONE SABANCI LASTIK SANAYI VE TICARET AS
Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.i. is incorporated in Turkey for the manufacturing, marketing and selling of tyres and rubber products. The Company operates as a joint
venture between Bridgestone Corporation and Haci Omer Sabanci Holding A.i. each holding 43.63% equity stake. The Company is listed on Borsa Istanbul with a circa 10% free float.
EBRD Finance Summary
Up to USD 150 million long-term A loan for the EBRD's account.
Total Project Cost
Environmental and Social Summary
Categorised B (2014 ESP). The environmental and social impacts associated with the construction and operation of a tyre plant can be readily identified and addressed with standard mitigation measures. Due diligence has been undertaken with the assistance of independent consultants who have carried out an audit of the Brisa's Izmit plant, including a review of corporate policies and procedures, and an appraisal of the new facility in Aksaray. The consultants have prepared a Non-Technical Summary for the project, an Environmental and Social Action Plan (ESAP) and a Stakeholder Engagement Plan (SEP).
Brisa has ISO 14001 and OHSAS 18001 certified environmental and safety management systems for the Izmit plant, and is implementing environmental requirements substantially in line with EBRD performance requirements (PR) and the Turkish law. There are no problems identified with labour issues at this Company. 77% of employees belong to the trade union and a collective bargaining agreement and functioning grievance mechanism are in place.
Construction is currently underway at the Aksaray site and is being carried out by a main contractor and 17 sub-contractors. The site is located in an industrial zone and is 700m from the nearest residential area. An Environmental Impact Assessment has been prepared and environmental and safety requirements are specified in the construction contract. The contractors have a health and safety management system in place, which includes tracking and reporting near misses. Issues identified at the site relate to 'house-keeping' issues and waste management will be addressed in the ESAP. EBRD will monitor the implementation and operation of the project through review of the client's annual environmental and social report.
Technical Cooperation funds from the Inclusion TC Framework provided by the Bank's Shareholder Special Fund will be used to support economic inclusion via improved transition from training into employment for young people (including blue-collar workers) in the tyre sector and in the region surrounding Aksaray. Up to EUR 70,000 will be used for the development and implementation of an action plan to support the Company in addressing key challenges in relation to the recruitment of entry level staff, career guidance, and the training and career progression of its workforce.
Company Contact Information
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (email@example.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.