DFF - Sesa Ambalaj Loan (EBRD-52676)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 24, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SESA AMBALAJ VE PLASTIK SANAYI TICARET AS
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 13.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 11.4 million
Converted using 2021-08-24 exchange rate.
Project Cost (USD)
$ 13.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 11.4 million
Converted using 2021-08-24 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 3, 2021

Disclosed by Bank Aug 27, 2021


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Project Description

According to the Bank's website, the project provides funding to Sesa company to finance its gradual transition into sustainable packaging and improve its resource efficiency measures. These will be achieved through installment of a solvent recovery unit and an extruder equipment. Sesa is a medium-sized flexible packaging manufacturer for food & beverage companies. 

Investment Description
Private Actors Description

Sesa Ambalaj ve Plastik Sanayi Ticaret A.S. is a private company organised in Turkey and a medium-sized flexible packaging manufacturer. The Company produces a variety of flexible packaging products mainly for food & beverage companies. The Company is ultimately 70% owned by Dogan Sirketler Grubu Holding A.S. and 30% by Savul Family.

 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Sesa Ambalaj ve Plastik Sanayi Ticaret A.S. (Sesa) Client Industry and Trade

Contact Information

PROJECT CONTACT INFORMATION

Fatih Yuzbas, Finance & Administration Manager
fatih@sesaplastik.com.tr
+90 (232) 877 1061
https://www.sesaplastik.com.tr/en/
KOSB Mahallesi, Gazi Bulvari, No:150, Kemalpasa, Izmir, Turkey

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html