PROJECT

Projects

Environmental Review Summary

Project Number

11449

Company Name

BEKO ELEKTRONIK YETKILI SERVISI

Date ERS Disclosed

Apr 18, 2002

Country

Turkiye

Region

Central Asia and Turkiye

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 28, 2002
Signed : Nov 11, 2002
Invested : Dec 20, 2002

Sector

Computer & Electronic Products(Computers & Peripherals, Communications Equip., Elec. Watches & Similar Elec. Products. Integrated Circuits & the application of Miniturization Technologies characterize this sector.)

Industry

other

Department

Regional Industry MAS MCT

Project Description

Beko Elektronik A.S. is one of Turkey’s leading manufacturers of consumer electronic products with estimated annual revenues of US$346 million for 2001, of which more than 50% comprised export sales to 46 countries concentrated in Europe, CIS, and Middle East. A domestic market leader and major OEM and private label manufacturer, Beko''s product range focuses on conventional televisions, but also includes flat screen TVs, set top boxes, PCs, monitors, DVDs, cash registers and audio equipment. The US$95 million project will increase the TV manufacturing capacity by 100 percent to 3.6 million units, in line with long-term export contracts recently secured, as well as providing working capital and short-term restructuring in order to improve the overall debt profile of the company.

Environmental and Social

Conclusion & Monitoring