(AGENPARL) - Roma, 14 Marzo 2023 - (AGENPARL) – mar 14 marzo 2023 OFFICIAL USE
EBRD press release
EBRD extends loan to Türkiye’s Uludag Beverage to support green investment
US$ 20 million to soft drinks producer for wastewater recovery and solar investment
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[cid:image018.png@01D95661.A1A1EB20](http://www.ebrd.com/)
www.ebrd.com/news
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Date: 14/03/2023
Contact: Dilara Sari
Tag: #EBRD, #Türkiye, #green
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– EBRD extends US$ 20 million loan to Uludag Icecek Turk A.S.
– Loan to finance a new warehouse, solar panels and wastewater recycling
– Uludag to increase gender equality practices
[]The European Bank for Reconstruction and Development (EBRD) is providing a US$ 20 million loan [to Uludag Icecek Turk A.S](https://www.uludagicecek.com.tr/en/) (Uludag Beverage) in [Türkiye](https://www.ebrd.com/t%C3%BCrkiye.html) to finance a new warehouse at its Yenice plant, as well as green investments that include solar panels and wastewater recycling.
The proceeds from the loan will be used to fund a wastewater recovery facility at the company’s Caybasi factory and solar panel investments for both factories, reducing Uludag Beverage’s carbon emissions and water consumption.
Uludag Beverage will also commit to revising its gender equality policies and practices and aim for a significant increase in its female workforce, including in managerial positions.
Uludag Beverage is a prominent soft drinks producer, with more than 11 brands and 45 products in its portfolio. The company is active in both domestic and international markets and is an existing client of the Bank.
The EBRD is a leading institutional investor in Türkiye. Since 2009, it has invested nearly €17 billion in various sectors of the country’s economy, almost all of it in the private sector.