PEYMAN KURUYEMIS GIDA AKTARIYE KIMYStatus: Approved investment
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In case of questions, please contact us at email@example.com
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
Peyman is one of the largest producers of dried fruits, nuts and seeds in Turkey. Peyman has a strong brand name image.
What is our funding objective?
The loan will finance Peyman Kuruyemis's investment in a new factory as the company is expanding into new markets.
Why do we fund this investment?
The impact of this project is expected to be primarily derived from market expansion through backward linkages to local farmers and transfer and dispersion of skills.
What is the Environmental and Social categorization rationale?
Categorized B+. FMO’s preliminary environmental and social due diligence indicates that the investment will have impacts which must be managed in a manner consistent with the following Performance Standards: - PS 1: Assessment and Management of Environmental and Social Risks and Impacts; - PS 2: Labor and working conditions; - PS 3: Resource Efficiency and Pollution Prevention - PS 4: Community Health, Safety and Security. The company is certified to a number of best practice management systems including ISO 9001, ISO 22000, ISO 140001, Halal Food and BRC and it is currently working on getting the Ecocert and ISO 26000 certifications.
- Website customer/investment
- Europe & Central Asia
- Agribusiness, Food & Water
- Publication date
- Effective date
- Total FMO financing
- EUR 10.00 MLN
- FMO NV
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)