Project Notice |
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| PNR | 66025 |
| Project Name | DFF - Kipas Mensucat Earthquake Response Facility |
| Project Detail | Location: Türkiye Project number: 54930 Business sector: Manufacturing and Services Notice type: Private Environmental category: B Approval date: 19 Nov 2024 Status: Approved English-language PSD published: 19 Nov 2024 The EBRD will provide up to EUR25 million loan to Kipas Mensucat to support Companys funding needs to (i) repair damaged factory buildings and replace/repair new machinery, (ii) support working capital to pay accrued VAT and corporate taxes and (iii) pay accrued social security premiums while supporting other HR related expenses. Project Objectives Project objective is to mitigate the impact of the devastating earthquake and EBRD loan proceeds will address subsequent working capital needs and maintain extra liquidity buffer. The support under the proposed loan is crucial to preserve livelihoods, entrepreneurial and human capital in the aftermath of the disaster. Adequate working capital will ensure the Company to continue its day-to-day operations without facing any disruptions. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Oil & Gas |
| Country | Turkey , Asia |
| Project Value | TRY 25,000,000 |
Contact Information |
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| Company Name | KIPAS MENSUCAT ISLETMELERI AS |
| Address | Leyla Ogulmus finansalraporlama@kipas.com.tr +90-344-236-38-00 +90-344-236-33-07 https://www.kipas.com.tr/ Karacasu Karaziyaret Mahallesi Fatih Sultan Mehmet Caddesi No-1/A Dulkadiroglu, Kahramanmaras |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/54930.html |
