Boosting tyre production in Turkey
The Brisa tyre company is a joint venture between Turkish conglomerate Hacı Ömer Sabancı Holding and Japan’s Bridgestone Corporation, the largest tyre producer in the world. An EBRD loan of US$ 150 million (€142 million equivalent) will support the construction of a new plant in central Turkey that will serve as Brisa’s strategic hub and boost the local economy. It will also finance the expansion of production at Brisa’s factory in north-western Turkey.
As part of the loan, Brisa and the EBRD will develop technical and vocational training programmes that will provide young people with skills that are currently in demand.