PROJECT

Projects

Environmental Review Summary

Project Number

23858

Company Name

ARCELIK AS

Date ERS Disclosed

Jan 3, 2005

Country

Turkiye

Region

Central Asia and Turkiye

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Feb 10, 2005
Signed : Apr 8, 2005
Invested : Apr 19, 2005

Sector

Household Appliances (Including Refrigerators, Laundry Machine, Dishwashers, etc.)

Industry

other

Department

Regional Industry MAS MCT

Project Description

The proposed project involves a corporate investment program to support the continued growth and regional expansion of Arcelik, Turkey’s leading manufacturer and distributor of major household appliances. The proposed project consists of financing a portion of the Arcelik’s current investment program which includes the following components:

- the modernization and expansion of Arcelik’s existing Turkish facilities involved in the manufacture of washing machines, refrigerators, dishwashers, and cooking appliances;
- investments in product development, research and development, information technology and working capital, and
- the establishment of a green-field washing machine plant in Russia.

Environmental and Social

Conclusion & Monitoring