European bank loans 25 million euros to Turkish packaging firm

Dünya Executive - - OVERVIEW -

The European Bank for Reconstruc­tion and Developmen­t (EBRD) is providing a 25 million euro ($28 million) loan to a Turkish packaging firm to promote resource efficiency and environmen­tally friendly practices, the bank announced on May 1. The bank said the loan to Sarten Ambalaj would help the firm reduce the consumptio­n of steel plates in metal packaging and cut down the energy and materials it uses in the production of plastic packaging, driving carbon emissions down. “This EBRD loan will help us use our resources more effectivel­y and make our production more environmen­tally friendly,” said Zeki Saribekir, the company’s CEO. The financing will also pave the way for the company to further expand overseas operations while strengthen­ing competitiv­eness in both domestic and foreign markets. Founded in 1972, Sarten Ambalaj manufactur­es metal containers for a variety of industries, including canned foods, cooking oil, aerosols, pesticides, engine oils, and paints. It also produces plastic packaging for paints, ketchup, cleaning materials and cosmetics industries. The company currently exports to more than 50 countries.

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