Assan Aluminyum invests further in sustainable technologies
Summary
ISTANBUL, March 4, 2024 /PRNewswire/ -- Assan Al\xfcminyum, a leading manufacturer of flat rolled aluminium, invests in sustainable technologies, in order to reduce its carbon footprint further, while expanding its production capacity. The company received a $90 million green loan from IFC to support its multi-year investment program to enable sustainable growth.Assan Al\xfcminyum, a subsidiary of the Kibar Group, continues its sustainable growth through a multi-year investment program. Upon completion of the investment program, the company aims to have the highest continuous casting capacity in all of Europe and Americas.Assan Al\xfcminyum received a green loan worth $90 million from IFC last year, which supports the companys investment program to enable sustainable growth. This framework sets forth distinct and measurable objectives while enabling the company to gain access to green financing tools to help bolster its expansion. IFCs funding aligned perfectly with Assan Al\xfcminyums green finance framework, constituting a 100% climate-focused investment.G\xf6ksal G\xfcng\xf6r, the General Manager of Assan Al\xfcminyum noted, "We believe that aluminium holds a special place in the transition to a more sustainable future.