Türkiye’s Borusan Lojistik and Borusan Port boosted with $33.2m investment
In a significant move to bolster the logistics sector in Türkiye, the European Bank for Reconstruction and Development (EBRD) has announced a strategic loan of US$ 33.2 million (€30.5 million) to Borusan Lojistik Dagitim Depolama Tasimacilik ve Ticaret A.S. (Borusan Lojistik).
This financial infusion is geared towards enhancing the company’s capital expenditure, with a particular focus on improving competitiveness.
Strategic Investment for Advanced Logistics
Borusan Lojistik, a leading provider of integrated logistics services, is known for offering comprehensive supply-chain solutions and third-party logistics services both in Türkiye and globally.
This investment by the EBRD is poised to significantly upgrade and expand the facilities of Borusan Port, located in the Gemlik district of Türkiye’s Southern Marmara region, and to accelerate digitalization within the company.
Borusan Lojistik: A Pillar of Türkiye’s Economy
As a subsidiary of Borusan Holding A.S., one of the largest conglomerates in Türkiye, Borusan Lojistik plays a pivotal role in the country’s logistics and transportation sector.
Borusan Holding’s diverse operations span manufacturing, machinery, power systems, automotive, logistics, and energy sectors, making it a cornerstone of Türkiye’s economic landscape.
Utilization of the Loan: Enhancing Capacity and Technology
The EBRD’s loan will facilitate a series of investments by Borusan Lojistik, including upgrading Borusan Port’s facilities and renewing the logistics fleet. These enhancements are expected to respond effectively to the increasing demand in the catchment area of Borusan Port, particularly in improving general-cargo and project-cargo services.
A key aspect of this investment is the emphasis on digitalization. The funds will directly enhance Borusan Lojistik’s digital capabilities, service offerings, and pricing methods. This digital leap is anticipated to contribute significantly to the revenue and profitability growth of its third-party logistics business.
Commitment to Inclusive Employment
In line with sustainable development goals, Borusan Port has committed to expanding the employment of women across its operations.
This initiative underscores the company’s dedication to fostering diversity and inclusivity within its workforce.
EBRD’s Role in Türkiye’s Economic Growth
Türkiye represents one of the EBRD’s largest markets. The Bank has invested over €19 billion in various sectors of the Turkish economy, primarily focusing on the private sector.
These investments have been instrumental in contributing to sustainable economic growth in the country.
A Leap Forward for Türkiye’s Logistics
The EBRD’s loan to Borusan Lojistik signifies a major leap forward in Türkiye’s logistics and port management sector. By enhancing the capacity and technological prowess of Borusan Lojistik and Borusan Port, this investment not only bolsters the company’s competitiveness but also contributes to the broader economic growth and digital transformation in Türkiye.
The EBRD’s investment in Borusan Lojistik is a clear testament to the potential of Türkiye’s logistics sector. Through strategic funding and a focus on digitalisation and capacity expansion, Borusan Lojistik is set to redefine efficiency and competitiveness in logistics and port management, paving the way for a more robust and sustainable economic future in Türkiye.
