This project provides financing to Asas for the construction and installation of a new aluminum extrusion press of 120 mega-newtons (MN), which will be the largest in Turkey. The facility will be constructed next to Asas' existing industrial compound in Sakarya, Turkey.
Asas is wholly owned by the Yavuz Family, which holds prominent management positions at the organization along with professionals. The shareholders are Mr. Samet Ali Yavuz (30% - Chairman of the Board), Mr. Safa Bayar Yavuz (30% - responsible for the aluminum division), Mr. Gokhan Yavuz (30% - responsible for the PVC division); and Mr. Ahmet Yavuz (10%).
Asas Alüminyum Sanayi ve Ticaret A.S.
+90 264 462 47 92
Küçücek Istiklal Mah. Kisla Alani Caddesi, No: 2-2/1, 54400 Akyazi - Sakarya, Turkey
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/