The European Bank for Reconstruction and Development continues to boost Turkey’s Anatolian regions, making a €3.7 million loan to Kivanc Tekstil, a leading producer of clothing fabrics and yarn based in Adana.
Kivanc Tekstil, 100 per cent owned and controlled by the founding family of the same name, has successfully operated in the textile sector for more than 60 years. Today it is an industry leader in Adana, a major commercial centre and the home of Turkey’s textile industry. The company supplies high-quality “Made in Turkey”-fabrics using the latest designs. Thousands of national and international clothing manufacturers use Kivanc Tekstil fabrics, including brands such as Banana Republic, Zara and Ann Taylor.
The EBRD financing will allow Kivanc Tekstil to purchase more than 50 weaving machines to expand its operations. The loan will also be used to install an additional generator that will increase the factory’s co-generation capacity and recycle its own steam, thereby saving water, energy and money.
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