Brief: Ulusoy Un Says It Starts Talks With Dutch Development Bank FMO For $75 Mln Loan To Finance Planned Pasta Plant And Working Capital Needs
09/04/2025 06:20
April 9 (Reuters) - ULUSOY UN SANAYİ VE TİCARET ULUUN.IS: SAID ON TUESDAY PLANS TO ESTABLISH A PASTA PRODUCTION FACILITY NEXT TO ITS EXISTING SAMSUN 50TH YEAR PRODUCTION PLANT AS PART OF ITS VERTICAL GROWTH STRATEGY TARGETING HIGH VALUE-ADDED SEGMENTS WHERE WHEAT IS USED AS A KEY RAW MATERIAL ANNOUNCES COMPLETION AND COMMISSIONING OF ADDITIONAL VERTICAL AND HORIZONTAL STORAGE UNITS WITH A TOTAL CAPACITY OF 81,000 TONNES AT SAME LOCATION TO MEET INCREASING STORAGE NEEDS INCLUDING COSTS OF COMPLETED STORAGE INVESTMENT AND PLANNED PASTA PRODUCTION FACILITY, STARTS TALKS WITH NETHERLANDS-BASED DEVELOPMENT BANK FMO TO SECURE A LOAN FACILITY OF $75 MILLION FUNDS ARE INTENDED TO SUPPORT NEW INVESTMENT AND WORKING CAPITAL FINANCING NEEDS Source text for Workspace: nIKA9dpfH8 Further company coverage: ULUUN.IS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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