Part of the loan will also be used for the development of acking facilities and the creation of the first new fruit brand in the country called Doal.
The loan will also fund investments in new fruit farms and development of the domestic fruit market.
Training will be provided to farmers as part of a technical assistance programme to improve their skill levels, especially female farmers. It will help the company in sourcing high quality raw material for its juice products.
EBRD director for Turkey Jean-Patrick Marquet said: “With this investment we are supporting Turkey’s farming industry, helping to improve competitiveness in the private sector, promoting good corporate governance standards and working towards greater gender equality in the Turkish economy.”
Anadolu Etap CEO Demir Sarman said: “We are confirming and strengthening our belief in the Turkish economy and agricultural industry with this loan and we will confidently advance towards achieving our goals.”
