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Türkiye’s Borusan Lojistik and Borusan Port boosted with $33.2m investment

Türkiye’s Borusan Lojistik and Borusan Port boosted with $33.2m investment

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.

Türkiye's Borusan Lojistik and Borusan Port boosted with $33.2m investment

About The Author

Anthony brings a wealth of global experience to his role as Managing Editor of Highways.Today. With an extensive career spanning several decades in the construction industry, Anthony has worked on diverse projects across continents, gaining valuable insights and expertise in highway construction, infrastructure development, and innovative engineering solutions. His international experience equips him with a unique perspective on the challenges and opportunities within the highways industry.

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