Çimsa Signs $70 Million Green Loan Agreement with IFC

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Çimsa Signs $70 Million Green Loan Agreement with IFC

Foreks - Çimsa signed a green loan agreement worth 70 million dollars with the International Finance Corporation ("IFC") on November 1, 2024. According to the statement made by Çimsa to KAP, the loan will have a total maturity of 5 years with 2 years of principal repayment exemption. This green loan will be used for investments in efficiency, primarily in renewable energy, alternative fuels, alternative raw materials, product conversion, and other areas at the Company's factories located in Mersin, Eskişehir, and Afyon.