TIRYAKI AGRO GIDA SANAYI VE TICARET
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Tiryaki Agro Gıda Sanayi ve Ticaret A.Ş is an international processor and supply chain manager of agricultural commodities such as pulses, grains, nuts, organics, feed and oilseeds. Established in 1965 as a lentil processing plant by Ali Tiryakioğlu in Gaziantep, Turkey, Tiryaki now has processing capacities in Turkey and significant trading operations in MENA, CIS and the Americas.
What is our funding objective?
FMO will arrange a 7-year Term Loan facility of up-to USD 65 million to fund permanent working-capital needs of Tiryaki with potential participations from other international development institutions.
Why do we fund this investment?
FMO will support a major agribusiness player in Turkey by funding Tiryaki’s procurement and sourcing activities with up-stream linkages in the agricultural sector in Turkey and the CIS region.
What is the Environmental and Social categorization rationale?
The company implements modern E&S management systems in its processing facilities. Tiryaki is gradually adjusting its business model towards expanding a share of products certified under the EU and USDA organic labelling schemes, which grew from 3% to 39% in 2011-2017. During the lifetime of the project, the company analyze integrity of its organic and conventional supply chains to eliminate social and environmental risks in the supplying farms.
More investments
| Date | Total FMO financing |
|---|---|
| 9/6/2022 | USD 20.00 MLN |
| 7/16/2021 | USD 62.50 MLN |
| 8/10/2022 | USD 44.00 MLN |
| 4/23/2018 | USD 46.50 MLN |
- Region
- Europe & Central Asia
- Country
- Türkiye
- Sector
- Agribusiness, Food & Water
- Effective date
- 3/23/2018
- End date
- 4/5/2022
- Total FMO financing
- USD 30.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+