# EBRD loans €3M to TKG Automotive for new factory and production lines

The EBRD issued a €3 million loan to TKG Automotive to build a new factory and launch two production lines in Bursa, Turkey, with a total investment of €5.5 million.

- Type: Investment
- Announced: 2016-12-14
- Where: Bursa, Türkiye
- Value: $5.80M (5.50M EUR)
- Status: announced
- Capacity: nearly doubling production capacity
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [TKG Automotive](https://endata.com/companies/20726.md)
- [European Bank for Reconstruction and Development](https://endata.com/companies/20727.md) (investor)

## Sources

- [aa.com.tr](https://www.aa.com.tr/en/economy/ebrd-loans-3-million-to-turkish-auto-component-firm/706371), 2016-12-14: "With the support of the EBRD, we will be able to increase our capacity by using more efficient and green production lines."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.