PROJECT

Projects

Summary of Investment Information

Project Number

43017

Company Name

FORD OTOMOTIV SANAYI A.S.

Date SPI Disclosed

Jul 17, 2020

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Jun 19, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

Regional Industry MAS MCT

Industry

Manufacturing

Previous Events

Approved : Jun 25, 2020
Signed : Jul 14, 2020
Invested : Aug 6, 2020

Sector

Automotive and Light Vehicle

Project Description

Ford Otomotiv Sanayi A.S. (“Otosan” or the “Company”) is a leading Turkish automotive manufacturer and exporter of commercial and passenger vehicles. The proposed IFC investment is up to EUR equivalent of US$150 million to partially fund Otosan’s capex program during the period of 2020-2024 including the launch of new commercial vehicle models, capacity expansion and other climate related investments such as (i) production of electric and hybrid cars; (ii) efficiency; and (iii) modernization and automation (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation