Arcelik Regional Expansion

completed

The proposed project involves a corporate investment program to support the continued growth and regional expansion of Arcelik, Turkey’s leading manufacturer and distributor of major household appliances. The proposed project consists of financing a portion of the Arcelik’s current investment program which includes the following components:- the modernization and expansion of Arcelik’s existing Turkish facilities involved in the manufacture of washing machines, refrigerators, dishwashers, and cooking appliances; - investments in product development, research and development, information technology and working capital, and - the establishment of a green-field washing machine plant in Russia.