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The European Bank for Reconstruction and Development (EBRD) has announced a €25 million loan to Polinas Plastik, a leading Turkish producer of flexible food packaging. The funding is set to support the company’s capital expenditures, focusing on resource and energy efficiency, and the installation of solar panels.
The loan will enable Polinas to install a new production line for biaxially oriented polypropylene (BOPP) film, purchase advanced machinery, and invest in solar energy infrastructure. These initiatives are aimed at reducing the company’s carbon footprint by increasing its use of renewable energy and enhancing its production of fully recyclable packaging materials, which are crucial in meeting the rising demand for sustainable packaging solutions.
Polinas, a key player in Türkiye’s flexible packaging industry, exports its products to over 50 countries. The new investments will also bolster the company’s ability to produce BOPP, BOPET (biaxially oriented polyethylene terephthalate), and other films used in food safety and protection.
In addition to environmental benefits, the loan will contribute to improving gender diversity within the company. Polinas plans to increase the employment of women in its manufacturing sector, where female participation currently stands at about 27%, as part of its commitment to enhancing diversity and inclusion practices.
The EBRD has been a significant investor in Türkiye, with over €20 billion invested in 450 projects and trade finance since 2009, primarily within the private sector. This latest loan reinforces EBRD’s dedication to supporting sustainable development and growth in the region. |
