EBRD provides €45 million loan for Uludağ İçecek Malatya expansion

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EBRD loan for Uludağ Malatya

Highlights

EBRD provides a €45 million loan to Uludağ İçecek for constructing a mineral water and soft drinks plant in Malatya, expanding production capacity.
The Malatya facility features resource-efficient equipment, rooftop solar PV, and green building elements supporting the EBRD's Green Economy Transition goals.
The project targets manufacturing and employment growth in eastern Türkiye, with a youth training program and positive supply chain spillover effects in an earthquake-affected region.

Malatya facility and financing plan

As reported by EBRD, citing the European Bank for Reconstruction and Development, the financing supports Uludağ İçecek's expansion in eastern Türkiye through the construction of a new mineral water and soft drinks plant in Malatya, alongside the purchase and installation of equipment and machinery. The investment is aimed at increasing production capacity and improving the company's ability to serve export markets across the wider region.

Uludağ İçecek, founded in Bursa in 1912, is one of Türkiye's oldest branded soft drinks producers and operates in categories including sparkling mineral water, flavoured sparkling water, lemonade, carbonated soft drinks, natural spring water and energy drinks. The company is also a long-standing EBRD client.

The new site includes resource-efficient production equipment, rooftop solar photovoltaic capacity and green building features. These elements are designed to lower emissions per unit of output and support the EBRD's Green Economy Transition goals.

Regional jobs and economic impact

The project is expected to support manufacturing, employment and sustainable development in eastern Türkiye, with spillover effects for supply chains and logistics. The facility is intended to create long-term regional value through advanced production technologies, renewable energy use and infrastructure aligned with international standards.

It also includes a young talent training programme to be developed with local education providers, widening access to market-relevant skills and job opportunities for younger people in the region. EBRD Associate Director of Food and Agribusiness Burcu Islam Fani says the financing combines green innovation, private-sector growth and inclusion in an area affected by the 2023 earthquakes.

Uludağ İçecek Group Finance Manager Doğan Güneş Susuz says the long-term funding reflects international confidence in both the Turkish economy and the company's financial structure, governance and sustainable growth strategy. The EBRD has invested more than €25 billion in Türkiye since 2009, largely in the private sector.

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