FMO supports expansion of dried fruit producer Peyman in Turkey
A leading Turkish producer of dried fruit, seeds and nuts, Peyman Kuruyemiş, is set to expand its business with a €32 million loan from FMO and the EBRD.
The company, owned by British private equity fund Bridgepoint, is building a new production facility in the industrial zone of Eskişehir, a city in north-western Turkey. EBRD arranged the loan, with €10 million syndicated to FMO, the Dutch development bank.
The new 59,000 m2plant will become operational in the first half of 2018 and by 2023 it will have doubled the company’s production capacity to 45,000 tonnes. The plant’s modern layout and state-of-the-art equipment will help increase efficiency and save costs, freeing up resources for new products such as snack bars and chips.