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Altinmarka Group

EBRD and TSKB co-finance Turkish chocolate maker Altinmarka

1 min read

The FINANCIAL — Turkey’s leading cocoa producer and chocolate maker, Altinmarka Gida Sanayi Ve Ticaret AS, is receiving a financial boost to keep up with growing demand. The European Bank for Reconstruction and Development (EBRD) and Turkiye Sinai Kalkinma Bankasi (TSKB), the Industrial Development Bank of Turkey, are jointly providing a €11 million working capital loan to enable the company to scale up its production. Altinmarka produces and distributes cocoa powder, butter and liquor as well as industrial chocolate to the chocolate, confectionery, pharmaceutical and cosmetic industries globally. The steadily growing demand shot up in the wake of the coronavirus outbreak as consumers around the…

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EBRD and TSKB co-finance Turkish chocolate maker Altinmarka

1 min read

The FINANCIAL — Turkey’s leading cocoa producer and chocolate maker, Altinmarka Gida Sanayi Ve Ticaret AS, is receiving a financial boost to keep up with growing demand. The European Bank for Reconstruction and Development (EBRD) and Turkiye Sinai Kalkinma Bankasi (TSKB), the Industrial Development Bank of Turkey, are jointly providing a €11 million working capital loan to enable…