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As stated on the project disclosure page, IFC will provide a senior secured loan of up to US$50 million equivalent in EUR to Küçükçalik Tekstil Sanayi ve Ticaret A.S., a vertically integrated textile manufacturer and exporter of home textiles operating in Türkiye and Egypt. The IFC Loan will finance the Company's investment program, which entails: (i) installing a semi-continuous polymerization plant to produce polyethylene terephthalate (PET) / polyester chips, (ii) expanding yarn spinning capacity from 60 tons per day to 100 tons per day in two phases (the first phase up to 85 tons per day); (iii) installing a textile recycling facility; (iv) implementing a 2.2MW rooftop solar PV, and (v) associated working capital needs.
As stated by the IFC, the Company is 100% privately owned by the Küçükçalik family from Türkiye.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
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- | - | - | - | Küçükçalik Tekstil Sanayi ve Ticaret A.S. | Client | Industry and Trade |
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Client - Küçükçalik Tekstil Sanayi ve Ticaret A.S.:
Serdar Bas - CFO
Phone: +902247148085
Email: serdar.bas@kcalik.com
Address: Organize Sanayi Bölgesi, 1. Cadde Sonu, Inegol, Bursa, Türkiye
Website: www.kucukcalik.com.tr
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
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