The proposed investment is for the construction, commissioning and operation of a factory to produce a hazelnut and chocolate spread, and chilled deserts and snacks. The project is to be located on the “Manisa Organised Industrial Zone”, close to Izmir, Turkey.
Objectives
The plant will produce hazelnut and chocolate spread, chilled deserts and snacks, which are popular within the country. Moreover, since this first plant of the promoter in Turkey will substitute the imports of the mentioned products, the project will generate additional employment in the country. The EIB's financing of the project should therefore be in line with the objectives of the EIB's mandate for Turkey aiming to support the country's economic development and Turkey’s integration into the EU economy.
Comments
Sector(s)
Industry
Proposed EIB finance (Approximate amount)
Up to EUR 50 million
Total cost (Approximate amount)
EUR 116 million
Environmental aspects
The plant is to be located on an established industrial estate with its own waste-water treatment facilities. The nature and scale of the investment are such that it is unlikely that an EIA would have been required if the plant had been located within the EU. The position in respect of national legislation will be confirmed at appraisal.
Procurement
The Promoter will be required to comply with the Bank’s Guide to Procurement.
Status
Approved
-
25/05/2012.
Disclaimer
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