Highlights
- 25 million loan for Uludağ, a leading soft drinks producer in Türkiye
- Loan will finance installation of new production lines and solar panels
- Project will boost company's energy and resource efficiency
The European Bank for Reconstruction and Development (EBRD) is providing a 25 million loan to Türkiye's Uludag to finance investment in production lines and renewable energy capacity.
The loan will finance the establishment of two aseptic production lines at the company's factory in Yenice, which will operate without water, use dry sterilisation methods that consume less energy, and minimise the use of chemicals.
The financing will also be used to install solar panels at the factory, reducing the carbon footprint associated with production.
In addition, the investment will boost the company's competitiveness, allowing it to produce new products and value added products.
Uludag, which was founded in 1912 in the city of Bursa and takes its name from the nearby Mount Uludag, is one of the oldest and largest soft drinks brands in Türkiye. The company currently has two production facilities - one in Çaybasi, and one in Yenice, near Bursa.
The EBRD's Deputy Head of Türkiye, Erdem Yasar, welcomed the transaction, saying: "This partnership not only reinforces our shared commitment to sustainability, but also strengthens Uludag's competitive edge in the beverage industry, where sustainable practices are becoming crucial for long-term success. Together, we're paving the way for a more resilient and responsible future."
Dogan Günes Susuz, Head of Finance at Uludag, said: "We continue to lead the industry with our innovative and efficient production approach. With this new phase of our longstanding partnership with the EBRD, we are further strengthening our sustainable production capacity. By commissioning aseptic production lines and solar panels for our Yenice factory, we are enhancing our energy and resource efficiency while reducing our carbon footprint. We sincerely thank the EBRD for its valuable support. Together, we will continue to contribute to a greener and more sustainable future."
The EBRD is one of Türkiye's key investors, having committed more than 22 billion in the country since 2009 through 478 projects and trade finance limits, most of it in the private sector.
