Financed ProjectsPakel Acrylic Fiber Plant

Identification Code:

OP/03/0401

Total Operation Cost:

0

Maturity:

0 months

Operation Status:

Description and Purpose of the Operation:

Construction and operation of an acrylic fibre manufacturing plant in the Yumurtal Free Trade Zone to produce acrylic fibre for the internal use of Akteks Group, a prominent textile group in Turkey, as well as for clients on the domestic and export markets.

Countries of Operation:

Türkiye (100,00 %)

Financial Product:

Loans

Sector:

Consumer Discretionary

Domain:

Private

Borrower/Client:

Pakel Kimya Tekstil Sanayi Ve Ticaret Anonim Sirketi

Co-Financiers/Participants:

Guarantors/Sponsors:

Akteks Akrilik Iplik Sanayi Ve Ticaret Anonim Sirketi (Guarantor), Akiplik Akrilik Iplik Ve Ticaret Anonim Sirketi (Co-guarantor)

Developmental and Regional Cooperation Impact:

Direct and indirect job creation, with up to 200 new jobs directly created in Adana region; Regional development impact, through possibility of exports also to Bulgaria, Romania, Russia, and Ukraine.

Environmental Classification and Impact (summary):

Screened as B0. The impacts associated with the project are clearly understood and are not going to be significant, mainly due to the project nature and scale, as well as the proposed mitigation measures. These relate to wastewater discharges, air emissions, storage and handling of raw materials including fuels, noise pollution, and occupational health & safety issues. As part of the project the Borrower planned to implement adequate mitigation measures.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org