Moving towards a circular economy

Korozo

The EBRD, Actera – the leading private equity investor in Turkey – and Esas Holding – a venture capital firm established by the Sabanci family – are acquiring a majority stake in Korozo Ambalaj, the leading Turkish producer of flexible packaging.

The new shareholders are moving to unlock the company’s growth potential and increase its competitiveness and integration in international markets. The EBRD believes that successful economies should be competitive, well-governed, green, inclusive, resilient and integrated.

The company has nine plants across Turkey with a total capacity of 98,000 tonnes per year and is currently building a state-of-the-art facility in Çorlu, Tekirdağ province, in the northern Marmara region, to expand production and boost exports. More than half of Korozo’s production is exported to 80 countries worldwide.

http://www.ebrd.com/news/2017/ebrd-invests-in-turkish-packaging-manufacturer-korozo.html