As stated on the project disclosure page, the EBRD provided up to EUR 70 million long-term loan to Turk Traktor ve Ziraat Makineleri A.S. to implement a capex programme that includes (i) modernization of existing manufacturing plants located in Sakarya and Ankara for the implementation of EU Stage V compliant engine production, as well as associated R&D; and (ii) installation of a greenfield rooftop solar plant at Sakarya plant with an installed capacity of 4.3MW.
The Project will enable Company to produce engines compliant with EU Stage V emission standards hence will result lower emissions and increase renewable energy consumption. In addition, the Project will help the Company to strengthen human capital and gender equality by promoting more open and equal economic opportunities in a traditionally male-dominated sector. This will be achieved through upgrades of HR policies and practices with the view to achieve greater workforce diversity among both white and blue collars.
Ass stated by the EBRD, Turk Traktor, incorporated in Turkiye, is a manufacturer of tractors, agricultural and construction machinery. The Company operates as a joint venture between Koc Holding A.S. and CNH Industrial Osterreich GmbH each holding 37.5% equity stake. 25% of the shares are listed on Borsa Istanbul.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|CNH Industrial NV||Investor||Industry and Trade||invests in||Turk Traktor ve Ziraat Makineleri A.S.||Client||Industry and Trade|
|Koc Holding AS||Investor||Finance||invests in||Turk Traktor ve Ziraat Makineleri A.S.||Client||Industry and Trade|
Client - Turk Traktor ve Ziraat Makineleri A.S.:
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