47067
KUCUKCALIK TEKSTIL SANAYII VE TICARET ANONIM SIRKETI
Feb 12, 2024
Turkiye
Central Asia and Turkiye
Mar 15, 2024
B - Limited
Pending Disbursement
Dec 15, 2024
Regional Industry MAS MCT
Manufacturing
Approved : May 10, 2024
Signed : Dec 13, 2024
Garment and Apparel (With Primary Textile Operations, Excluding Footwear)
IFC will provide a senior secured loan of up to US$50 million equivalent in EUR (the “IFC Loan”) to Küçükçalik Tekstil Sanayi ve Ticaret A.S. (“Kucukcalik”, the “Company”), a vertically integrated textile manufacturer and exporter of home textiles operating in Türkiye and Egypt. The IFC Loan will finance the Company's investment program, which entails: (i) installing a semi-continuous polymerization plant to produce polyethylene terephthalate (PET) / polyester chips, (ii) expanding yarn spinning capacity from 60 tons per day to 100 tons per day in two phases (the first phase up to 85 tons per day); (iii) installing a textile recycling facility; (iv) implementing a 2.2MW rooftop solar PV, and (v) associated working capital needs (the “Project”).
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Local Access of Project Documentation
Organize Sanayi Bölgesi, 1. Cadde Sonu, Inegol, Bursa, Türkiye