Çimsa signed a 50 million Euro loan agreement with EBRD.

Meaningful Financing Collaboration between Çimsa and EBRD

Çimsa Cement (Ticker: #CIMSA) has signed an important loan agreement with the European Bank for Reconstruction and Development (EBRD). With this agreement, Çimsa will secure financing amounting to 50 million euros.

Loan Conditions and Process

According to the information released today, this loan has been structured with a total maturity of 5 years, including 2 years of principal repayment grace period. According to the details of the agreement, the loan will be utilized in two equal tranches. The first tranche will come into effect within 1 month from the contract date, while the second tranche will be available to meet the company’s cash needs within 6 months.

Sustainability Goals and Investments

The primary use of this financing will be the process of Çimsa reaching its net-zero greenhouse gas emissions target by 2050. Particularly, the funds allocated for various sustainability investments to be carried out at the Mersin plant will contribute to the development of environmentally friendly production processes.

Çimsa Cement emphasized the significance of this agreement in a statement made to the Public Disclosure Platform (KAP). This step taken towards sustainability goals is not merely a financial agreement; it will further reinforce Çimsa’s environmental commitments.

Impact on the Market

Çimsa's agreement with EBRD is expected to be received positively in the markets. It is anticipated that the company will increase its market share through these investments and enhance its competitiveness in the sector. This sustainability-focused vision will hold significant importance in Çimsa’s long-term strategies.