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Supporting the sustainability strategy of a textile leader in Turkey

Project

Sustainable industries
Sanko turkey textile
Sanko
Signature date
Location
Turkey
Financing tool
Loan
Financing amount (Euro)
37000000
Financing details
EUR 37m loan
Customer
Sanko Tekstil Isletmeleri Sanayi Ve Ticaret A.S. / Sanko Holding A.S.
Type of customer
Company
Country of headquarters
Turkey
Project number
PTR1072
Environmental and social ranking
B+
Climate co-benefits
Project with climate co-benefits
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This information is given at the time of signature, without prejudice to any developments in the operation/project.

In Turkey, Proparco’s EUR 37m loan to Sanko Group is supporting the sustainable investments of the Group’s textile subsidiary and job creation.

Client presentation

Sanko Group was founded in 1904 by the Konukoğlu family and is today one of the biggest conglomerates in Turkey. Its textile subsidiary, Sanko Textile, is specialized in manufacturing fabric, denim fabric, yarn and towels. The Group is still owned by the founding family and employs 15,000 people in Turkey. Sanko Textile has 5,850 employees at 11 production sites in the country.

Project description

The project will allow Sanko Textile to equip its factories with 33.5 MW of solar panels, deploy plastic recycling equipment, invest in a water filtration system and replace coal boilers with gas boilers. It will also support its day-to-day operations with a part dedicated to the working capital requirement.

Project impact

The main impacts of this project are: 

  • A reduction in annual emissions of 466,000 tCO2e, in particular through the installation of solar panels and the replacement of coal boilers with natural gas boilers. 
  • The creation of 235 direct jobs each year over the next 5 years, with a total of 7,000 direct jobs supported over the next 5 years. 
  • An improvement in waste management by recycling 76,500 tons of plastic bottles a year which can be reused in the manufacturing process, the reuse of textile waste for yarn manufacturing and improved wastewater treatment.