The company is wholly owned by various members of Yormazoglu family.

The total project cost is estimated at around $20 million. The proposed IFC investment is equity of up to $15 million.

10.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	10.0
Equity

* These investment figures are indicative

The company is headquartered in Bursa, Turkey, with operations near rural areas in Bursa, Antalya and Adana.

The project is expected to support the modernization and expansion of a second-tier agribusiness company in seed industry, which is historically dominated by government agencies. The project is also expected to increase the availability of certified quality seeds and improve agricultural productivity in a country where land resources are constrained.

With the proposed investment, IFC would be providing access to long-term capital to a second-tier agribusiness company focusing on developing its R&D capabilities which require a long-term perspective in business planning and execution.

This is a Category B project under IFC’s Policy on Social and Environmental Sustainability because a limited number of specific environmental and social impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines, design criteria, local regulations and industry certification schemes. Development and distribution of agricultural seeds, such as vegetable, corn, and sunflower to farmers in the domestic market has limited environmental, health and safety impacts. Production is done in own plantations using contracted labor. Land acquisition has been done on a willing buyer-willing seller basis, and there is no involuntary displacement of any people.  There are no indigenous peoples’ ancestral lands in the area.  The company is working to actively upgrade its environmental protection capabilities, and will ensure that its operations meet international standards for the sector.  

Further information is provided within the Environmental and Social Review Summary (ESRS). The company will implement a number of actions as defined in the Environmental and Social Action Plan (ESAP).