Kervan Gıda Secures €40M EBRD Loan for Sustainability and Inclusivity Push
Kervan Gıda, a leading Turkish confectionery producer, has secured a €40 million loan from the European Bank for Reconstruction and Development (EBRD) to drive sustainability and inclusivity. The company, headed by CEO Devrim Kılıçoğlu, aims to invest in solar energy and recyclable packaging while enhancing gender inclusion and work-life balance. The financing package consists of €10 million for automation and maintenance projects, €15 million to refinance short-term debt, and €15 million for working capital. Kılıçoğlu, who emphasizes financial discipline and environmental responsibility, welcomes the support from EBRD. The project also includes initiatives to boost inclusivity. A 'digital operator school' and internship programs will be established, along with childcare solutions to promote gender inclusion and work-life balance. Natalia Zhukova, EBRD Head of Food and Agribusiness, praised the partnership, stating it strengthens Kervan Gıda's financial competitiveness and advances its climate goals. With EBRD's €40 million financing, Kervan Gıda is set to accelerate its sustainability and inclusivity objectives. The company will invest in green energy, recyclable packaging, and inclusivity initiatives, further cementing its commitment to responsible growth under the leadership of Devrim Kılıçoğlu.
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