PROJECT

Projects

Summary of Investment Information

Project Number

48509

Company Name

MARTUR SUNGER VE KOLTUK TESISLERI TICARET VE SANAYI ANONIM SIRKETI

Date SPI Disclosed

Jan 12, 2024

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Feb 26, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 31, 2024

Department

Regional Industry MAS MCT

Industry

Manufacturing

Previous Events

Approved : May 23, 2024
Signed : Jun 27, 2024
Invested : Jul 29, 2024

Sector

Motor Vehicle Parts

Project Description

 Martur Sunger ve Koltuk Tesisleri Ticaret ve Sanayi A.S. (“Martur” or the “Company”) engages in design and manufacturing of seats as well as other interior parts for passenger cars and light commercial vehicles. Martur has production facilities in Turkiye, Romania, Morocco, Algeria, and Slovakia. The project entails financing of Martur’s investment program in Turkiye which includes expansion and maintenance capex during the period of 2024-2027 (the “Project”). The expansion capex will include Martur’s new machinery and equipment purchases required for its products, majority of which will be used in electric vehicle production.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation