Funding totalling almost $160 million has been approved by the International Finance Corporation (IFC), the private-sector finance arm of the World Bank, for 12 projects in 1994. They are:
$10 million in a loan and a syndication towards the $39.5 million cost of an aluminium continuous casting line, an aluminium foil mill, and other auxiliary equipment at Assan Demir & Sac Sanayii
$20 million in equity, a loan and a syndication towards the total $75.5 million cost of installing an integrated meat and dairy processing facility to EU standards at Aytac Dis Ticaret Yatirim Sanayii
$25 million in a loan towards the $190 million cost of a cold-rolling mill for steel sheet and coil at Borcelik Celik Sanayii Ticaret
$15 million in equity and credit towards the $34.2 million cost of modernisation and financial restructuring at paint and ink manufacturer CBS Holding
$10 million towards the $24 million purchase by Cerrahogullari of a dry cargo vessel
$50 million in syndications and credits for leasing company Demirbank Turkey
a $7 million loan to Garanti Leasing
$7 million for medium-term leasing activities by Tekfen Investment Bank
a $700,000 equity loan towards the $8.5 million expansion planned by brokerage house Global Securities
$7 million towards the $14.9 million capacity expansion of frozen and processed meat company Pinar Entegre Et & Yem Sanayii
$7.5 million towards the $16.1 million modernisation and expansion of a dairy plant operated by Pinar Sut Mamulleri Sanayii
$600,000 equity loan towards a $4 million project planned by Turkey Life Insurance Company.
You might also like...
Bahrain mall to install solar carport
24 April 2024
Aramco extends Karan field bid deadline
24 April 2024
Muscat appoints expressway consultant
24 April 2024
Dubai activates business as usual
24 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.