Çimko Signs Strategic Cooperation Agreement with DEG and Proparco

Çimko has reinforced the success it achieved in international capital markets through a strategic partnership with DEG, a Germany-based development finance institution, and Proparco, a subsidiary of the French Development Agency (AFD). The financing provided under this partnership will support the company's investments focused on carbon reduction, energy efficiency and sustainable production, while also contributing to the expansion of its international investor base.

Çimko, the cement and ready-mix concrete company of Sanko Holding, has signed a new partnership with international financial institutions in line with its sustainable growth objectives. The company has concluded a strategic financing agreement with DEG, a Germany-based development finance institution, and Proparco, a French development finance institution. The agreement, formalized through a signing ceremony attended by Sanko Holding Board Chairman Adil Sani Konukoğlu, DEG Chief Executive Officer Roland Siller and Proparco Global Head of Manufacturing, Agriculture and Services Sectors Reza Hassam Daya, represents an important indicator of international confidence in Çimko's sustainability-focused growth strategy.

Financing to be channelled to low-carbon transition projects
The financing provided under the agreement will be used for Çimko's investments aimed at reducing carbon emissions, improving energy efficiency and promoting environmentally friendly technologies. The company aims to accelerate critical sustainability investments such as pre-calcination systems, energy efficiency applications and emission reduction projects.

These investments are expected to strengthen Çimko's production capacity in line with global standards, increase its competitive strength in international markets and open the way for new foreign investment opportunities.

Sanko Holding Board Chairman Adil Sani Konukoğlu made the following comments regarding the partnership:

"As Çimko, we are proud to take the success we have achieved in international capital markets to an even higher level through this strategic partnership we have realized with DEG and Proparco, which are respected institutions of global finance. The interest shown in our bond issuances demonstrates confidence in our company's financial discipline, corporate governance approach and sustainable growth strategy. We place sustainability at the centre of our business model; we continue with determination in our carbon reduction and energy efficiency investment efforts. This partnership will not only provide resources for our environmentally friendly projects but will also diversify our international investor base and further strengthen our presence in global markets."

"We are pleased to support Çimko's low-carbon transition"
DEG Chief Executive Officer Roland Siller noted the following:

"As DEG, we take great pleasure in supporting Çimko's ESG and low-carbon sustainability journey. This partnership is not limited to providing financing; it also supports the implementation of Çimko's carbon reduction roadmap, the improvement of reporting processes and the strengthening of governance standards. This investment carries a strong message regarding the investability of sustainable business models."

Proparco Global Head of Manufacturing, Agriculture and Services Sectors Reza Hassam Daya used the following words in his assessment:

"We are pleased to strengthen our partnership with Sanko Group through this strategic investment in Çimko alongside our partner DEG. Supporting the sustainable transition of sectors that have critical importance in carbon reduction transformation, such as cement, is among Proparco's priorities. We are proud to support a group that combines industrial leadership with a sustainability vision; we wish for the continuation of partnerships that will create value for climate, society and the Turkish economy."