Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Kazakhstan

Geographic location 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

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Oct 21, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Orzax Central Asia LLP

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Agriculture and Forestry
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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 29.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 25
Converted using 2025-10-21 exchange rate.

Loan Amount (USD)

$ 29.00 million

Project Cost (USD)

$ 40.60 million

Primary Source

Original disclosure @ EBRD website

Updated in EWS Oct 31, 2025

Disclosed by Bank Oct 21, 2025

Contribute Information
Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the transaction envisages the provision of a long-term loan secured loan of up to EUR25 milion to Orzax Central Asia LLP, a newly created subsidiary of ORZAKS ILAC VE KIMYA SANAYI TICARET ANONIM SIRKETI, a joint stock company organised in the Republic of Turkey, for the construction and putting into operation a food supplement production plant in Kazakhstan.

The proceeds of the Bank's investment will be used for the construction, procurement of equipment and putting into operation of a new plant for the production of food supplements in the Turkistan region, Kazakhstan.

The Borrower is a subsidiary of the Group from Turkey which will invest in the construction of a brand-new food/dietary supplements production facility in Kazakhstan. The project entails investment of US$ 41m for the development of a modern production facility. As part of the project, Orzax has committed to implement various sustainability measures for improved energy efficiency of the building, targeting to achieve EPC class B for its new production facilities. By achieving EPC B rating, the building will have enhanced sustainability performance as compared to peer buildings in the country, where the minimum compliance level is EPC C rating. As such, the project qualifies for 100 per cent GET.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, Orzax Central Asia LLP, a newly created company established under the jurisdiction of the Republic of Kazakhstan, with the purpose to build a food supplement production facility in Kazakhstan.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Orzax Inc	Client	Industry and Trade

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Orzax Central Asia LLP:

Nurettin AKTAS
Email: nurettin.aktas@orzax.com
Phone: +7 (727) 339 0537
Website: https://www.orzax.com.tr/
Address: 9 str., 21/1 Turkestan, Turkestan region, Kazakhstan

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