# Assan Aluminyum invests in sustainable technologies with $90M green loan

Assan Alüminyum, a subsidiary of Kibar Group, is investing in a multi-year program including a new cold rolling line, continuous casting lines, and filtration systems to expand annual production capacity by 60,000 tons. The company received a $90 million green loan from IFC.

- Type: Investment
- Announced: 2024-03-04
- Where: Türkiye
- Value: $90.0M
- Status: announced
- Capacity: 60,000 tons per year
- Products: flat rolled aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Assan Alüminyum](https://endata.com/companies/76039.md)
- [IFC](https://endata.com/companies/49372.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/assan-aluminyum-invests-further-in-sustainable-technologies-302071205.html), 2024-03-04: "We believe that aluminium holds a special place in the transition to a more sustainable future."

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