Polinas Plastik, a flexible packaging producer in Turkey, has secured a €25m ($27.39m) loan from the European Bank for Reconstruction and Development (EBRD) to advance greener packaging solutions.
This financial support is set to fund capital expenditure investments, including resource and energy-efficient production lines and the integration of solar panels.
The loan will also facilitate the establishment of a new production line for biaxially oriented polypropylene (BOPP) film and the acquisition of new machinery.
These initiatives are expected to significantly diminish Polinas’ carbon footprint by increasing renewable energy usage and producing fully recyclable packaging materials that can incorporate both recycled and biobased content.
The flexible plastic packaging industry is facing a growing demand for materials with recycled content.
Polinas exports products such as BOPP, biaxially oriented polyethylene terephthalate, and others to more than 50 countries.
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The company’s products are predominantly used in the food industry, contributing to food safety by safeguarding products throughout the supply chain.
The EBRD’s loan also aims to promote gender diversity and inclusion within Polinas.
Polinas, which is owned by Gözde Girişim, the private equity division of Yıldız Holding, plans to hire more women and improve its diversity practices.
The company is committed to increasing female employment in the manufacturing sector, where women’s participation is currently approximately 27%, according to the business.
The EBRD, a significant investor in Turkey, has contributed more than €20bn through 450 projects and trade finance limits since 2009, with the majority of investments in the private sector.
